Managers of Wealth Asia Pacific

Forbes ranks Singapore as 3rd richest nation

Using the most recent International Monetary Fund data available, Forbes said Singapore “thrives as a technology, manufacturing and finance hub with a GDP (PPP) per capita of nearly US$56,700 (SG$71,200).”

HSBC Profit Surges 28%

The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments

Sarasin sells NZB in bid to isolate U.S. assets

Sarasin is looking to distance itself from NZB, one of at least 11 Swiss banks targeted in the second wave of a U.S. tax probe also targeting Credit Suisse and Julius Baer .

Crescent Wealth partners with US fund manager

Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.

Chinese Millionaires Are Immigrating To The US In Huge Numbers

Ever since Deng Xiaoping opened Chinese doors to the world decades ago, the US has forged an important, if sometimes politically contentious, business relationship with China.

HSBC To Overhaul UK Bonuses

HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.

Chastened UBS uses 150th events to polish image

The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.

Western Australia plans sovereign wealth fund

The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.

Hong Kong headache: UBS faces 10-fold rent increase

The bank has enjoyed a sweetheart, 10-year lease on space in Two International Finance Centre, which dominates Hong Kong's Victoria Harbour skyline, in a deal struck when the city was staggering from one of its worst economic crises.

Bendigo Wealth explores scaled advice

The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.

ANZ wealth division dogged by soft Q1

ANZ CEO Mike Smith said the soft wealth performance is a sector-wide issue.

UBS Sees 25 Asia Family Office Clients This Year

UBS AG’s Global Family Office division aims to begin serving 25 clients in Asia this year, with assets of at least $200 million each, Amy Lo, managing director and head of ultra-high net worth, Asia-Pacific, told journalists in Singapore today.

Wealth tax to span watches, paintings...

Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.

Family offices set to boom in Asia says landmark UBS and Campden study

The new study finds that the rapid growth of the number of ultra-high net worth individuals in Asia – with for example, China having the second highest concentration of billionaires in the world— coupled with the upcoming intergenerational tra

Singapore to exempt gold, other precious metals from tax

The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said.

Wells Fargo relocates to new branch in Tokyo

Nearly 40 team members from Wells Fargo’s International group will be based in the new branch, located at Marunouchi Trust Tower Main 24th Floor, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo, Japan.

ANZ reports solid fourth-quarter results

Three Months to 31 December 2011 - solid performance; continued focus delivery of super regional strategy

BMO boosts wealth management capability in China

BMO Deepens Commitment to China with Strategic Investment in COFCO Trust Co.

Bonuses of Asian bankers likely to be smaller this year

Asian bankers are expecting their bonus payouts over the next few weeks

Chinese move to wealth products may undermine bank stability

At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.

Wealth and Asset Management