Managers of Wealth Asia Pacific

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.

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.

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).

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.

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.

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.

Porsche sales, profit surge on China demand

-First quarter revenue jumped 32% on the year to EUR3.03 billion.

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.

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.

Standard Chartered posts high single-digit Q1 income growth

Standard Chartered said on Wednesday its first-quarter income grew less than its previous 10 per cent target, as the strength of the US dollar against Asian currencies impacted income growth.

Pay row risk at Standard Chartered

Standard Chartered hit the headlines in March when its annual report revealed the $92m remuneration figure.

Macquarie slashes 1300 staff as profit dives

MACQUARIE Group has sacked more than 1300 staff after revealing one of the bank's worst profit performances since the GFC.

DBS posts record quarterly profit

"DBS continued to build its Asian franchise with good growth across its regional markets," CIMB's head of research Kenneth Ng said in a note to client.

Noah Files its Annual Report

The annual report can be accessed on Noah's investor relations website at http://ir.noahwm.com/ .

NRIs' wealth market size to see robust growth by 2016: report

During the review period (2007-2011), the value of the worldwide wealth management market for NRI millionaires rose at a compound annual growth rate (CAGR) of 9.4%.

Sharp improvement for Credit Suisse ‎

Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.

Bank of Singapore becomes first Private Bank that can train and assess private bankers

The Programme aims to equip Bank of Singapore private bankers with the relevant skill sets and qualifications to uphold the highest standards in delivery of client-centric advice and consistent client experience.

UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay

Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c

Asian millionaires on the rise

Wealth managers also expected those with $30m of investable assets to account for 24 per cent of their $3tn under management, up from 19 per cent in 2011.

Barclays Wealth continues APAC expansion

Barclays today announced that it has appointed four senior private bankers in Singapore, in a move that underlines Singapore’s importance as a wealth management hub for the bank

Wealth and Asset Management