05/10/2012
Asia's superrich build their own art museums
Over the past two years Wang Wei and her husband Liu Yiqian dropped a reported $317 million on their hobby.
Wealth and Asset Management
05/10/2012
Bank results herald a new world in banking: KPMG report
Australia’s major banks (the majors) continue to perform well on the global banking stage, but their results show they are not immune from interconnectedness with global funding markets and the structural change the new regulatory environment demand
05/10/2012
Most large fortunes in S'pore managed by family businesses
Some say blood is thicker than water. In the case of Singapore's super-rich, it goes beyond mere rhetoric.
05/09/2012
Credit Suisse to Seek China Stock Trading License
China agreed last week to let foreign investment banks raise their stakes in domestic joint ventures to 49 percent from 33 percent, and to shorten the qualification period for a trading license to two years from five.
05/09/2012
U.S. Millionaires Told Go Away as Tax Evasion Rule Looms
It means additional compliance costs for banks and fewer investment options and advisers for all U.S. citizens living abroad, which could affect their ability to generate returns.
05/09/2012
Private investment banking overshadows asset management
That is the view of Francesco de Ferrari, Asia-Pacific head of private banking for Credit Suisse, who is faced with tripling the size of the business in a testing climate and a competitive landscape.
05/09/2012
Asia's superrich build their own art museums
Wang and billionaire investor Liu are part of a new generation of wealthy Asians that is better known for splashing out on extravagant toys
05/08/2012
The changing face of Indian HNI
This is also corroborated by Swiss private banking group Julius Baer who projects India’s HNI population to more than double to 4,03,000 by 2015. It is clear that there will be several “wealth management teams” that will salivate at this
05/08/2012
Managers advised to downshift their focus to ‘core millionaires’
The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r
05/07/2012
AMP 'on track' to meet Axa deadline
AMP is on track to meet its deadline to integrate the giant wealth management business with Axa Asia Pacific (APH) by early next year after a protracted three-year takeover saga.
05/07/2012
PH a key area for growth in Asia - HSBC
“There is a lot wealth that the bank can manage, and the Philippines growth trajectory continues to move upwards,” he said.
05/04/2012
Rich Malaysians grow wealth aggressively
A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.
05/04/2012
Arts attract philanthropic funds
Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.
05/03/2012
Capgemini and RBC Wealth Management to Partner on Leading Annual World Wealth Reports
This new partnership, which also includes the annual Asia-Pacific Wealth Report, combines the strengths of both firms to examine the key drivers of wealth creation and the global trends impacting high net worth individuals (HNWIs).
05/03/2012
Brown Shipley in triple hire for south Asian service launch
Brown Shipley has launched a private banking service catering exclusively for South Asian customers living in the UK and abroad.
05/03/2012
Wealth fund to help Chinese companies invest
China Investment Corporation didn't disclose the exact amount of the fund, nor the industriesthe money may be injected into.
05/03/2012
Wealth-X Releases Latest Indonesian UHNW Figures
Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has released a report on the UHNW population in Indonesia at an event in Jakarta.
05/03/2012
Porsche sales, profit surge on China demand
-First quarter revenue jumped 32% on the year to EUR3.03 billion.
05/02/2012
Yachts Set Sail for Singapore
Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.
05/02/2012
UBS Wealth Management pre-tax profit up 70%
Net new money inflows in the wealth management businesses more than doubled to CHF 10.9 billion.