09/23/2011
Meet The World's Richest Billionaire Hedge Fund Managers
The 30th annual Forbes 400 list of billionaires is out.
Wealth and Asset Management
09/23/2011
UBS cutting up to 10 percent of advisory arm
UBS is cutting back its investment banking division (IBD) representing between 5 and 10 percent of the jobs within the Swiss bank's advisory arm, several UBS bankers said.
09/22/2011
Millionaires Form Family Offices to Avoid Private Banks in Asia
Stephen Diggle, who co-founded a hedge fund that made $2.7 billion for investors in 2007 and 2008, set up a family office to manage the millions in fees he earned instead of entrusting his wealth to private bankers.
09/21/2011
HK watchdog grants banking licence to Swiss PB
After the granting of a banking licence to BPER, the number of licensed banks in Hong Kong has increased to 151.
09/20/2011
Pinc shuts retail broking, wealth management biz
Mumbai-based financial services firm Pioneer Investcorp (Pinc) has closed its retail stock broking and wealth management businesses
09/20/2011
Citi Singapore Chief Extols City-State's Virtues
Few economies felt the pain of the last financial crisis as much as Singapore. But the city-state bounced back sharply, and has lately gained traction as a regional and global leader in private banking and wealth management.
09/20/2011
Tibet's first private banking service opens in Lhasa
It is the bank's 38th private banking center in China, filling a gap for the service in Tibet and aiming to serve the region's burgeoning private financial needs, said Han Wenzhen, president of the Tibet branch of the CCB.
09/16/2011
HSBC lifts gold price forecast
HSBC and metals consultancy GFMS both said they see gold rising above $2,000 an ounce, citing high government debt levels and instability in the currency markets, even as spot prices slipped back below the $1,800 mark.
09/16/2011
IIFL Private Wealth awarded ‘Best Wealth Management House in India’
IIFL Private Wealth awarded ‘Best Wealth Management House in India’
09/16/2011
Strategic and tactical asset allocations can help your portfolio outperform - RBS exec
The unpredictable behaviour of the markets has left many clients I have been meeting confused about where to invest: equities, bonds, gold or real estate?
09/16/2011
Need to narrow income gap
The key issue for China now is to focus on implementing bold, comprehensive reforms to rebalance wealth distribution
09/16/2011
China's Super Rich Look Abroad for a Secure Future
They made their fortunes from China’s economic boom, but many of China’s wealthy are hoping to leave the country, taking their money with them.
09/15/2011
India's private wealth management market set to take off
The Indian wealth market is one of the fastest growing in the Asia Pacific region.
09/15/2011
China's Rich Lists Riddled With Communist Party Members
Membership has its privileges, particularly in China where it's proving to be a prerequisite for climbing the social ladder.
09/15/2011
Wealth rises in China with increasing social cost
Another report says Chinese millionaires will make up half the population of high-net-worth people in Asia in the coming years.
09/13/2011
Banks’ allure is thin for wealthy Indians
Ajay Piramal is just the sort of big fish every Indian private banker would love to land.
09/09/2011
Wealth-X Finds Combined Net Worth of Social Media Tycoons Near $100 Billion
The fortunes of social media entrepreneurs including the founder of Facebook, Mark Zuckerberg; the brains behind Zynga, Mark Pincus; and the man who introduced Twitter, Jack Dorsey, are at an all-time high, according to a study on 30 of the world's r
09/09/2011
Indian consumers show strong appetite for luxury products
Super-luxury brands like Ducati, Jimmy Choo, Canali, Hermes and others sail high as slowdown fails to impact Indian consumers
09/09/2011
Asia's millionaire population to grow 140 per cent by 2015
CLSA Asia-Pacific Markets, has launched “Fat cats in fast lanes: Surge in high net worth individuals” report, examining the surge of wealth in the region.
09/09/2011
China's Rich and Mostly Anonymous Spent $26 Billion Last Year -- For Fun
And along with the only slightly less privileged they’ve made a significant impact on the global luxury market, dishing out $26 billion last year on capitalist trappings like insanely expensive cars, yachts, private jets and even helicopters.