09/26/2023
VP Bank Opens New Singapore Office
In addition, VP Bank is also celebrating its 15th anniversary in Singapore.
Wealth and Asset Management
09/25/2023
UBS Axes Most Credit Suisse Researchers in Hong Kong
As a result, Credit Suisse has scrapped Asia Pacific equity strategy coverage
09/25/2023
Bank of Singapore Witnesses Soaring Wealth Planning Demand
Bank of Singapore anticipates that this trend will continue, with expectations that the number of trusts set up by the end of 2023 will double compared to the previous year.
09/25/2023
Private Banks Shift Leadership Focus Southwards
Leadership focus in the private banking industry continues to further shift towards South and Southeast Asia, evidenced by newly formed structures at several major players.
09/20/2023
Citi: Wealth Client Origination Soars in Asia
In early 2021, Citi announced that it would form a single, fully integrated wealth management unit across segments, from retail to private banking clients.
09/20/2023
Bank of Singapore reshuffles top management
The Singaporean private bank has decided to split its top management to cover four different regions, following the retirement of Olivier Dennis.
09/18/2023
UBS Invites Top Clients to Credit Suisse for Singapore Formula 1
Although the majority of them aren't Swiss, they identified with the company founded by Swiss entrepreneur Alfred Escher, which for decades stood for Swiss virtues like stability, security, quality, and reliability.
09/18/2023
Standard Chartered and Dubai Department of Economy and Tourism sign Cooperation Agreement to promote business opportunities between Hong Kong and Dubai
Standard Chartered and the Dubai Department of Economy and Tourism will also set up a joint working group to discuss about how to achieve these objectives.
09/18/2023
Private banks turn to local talent for Greater China coverage in SG
Private banks in Singapore are turning to local talent to fill in the gap in relationship managers from China to cover the segment, experts say.
09/18/2023
Standard Chartered Bank Sets Up Private Banking Centre In Chennai To Serve Ultra-HNIs
Aimed at serving high net worth and ultra-high-net-worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth.
09/15/2023
DBS chief says wealth management business benefiting from inflows
He said wealth management was one of the best performing segments in the financial services sector and that the industry could support a high number of participants.
09/15/2023
Citi: APAC Family Offices Lead Cash Allocation Shift
With the exception of Latin America – a region undergoing strong inflationary pressures – most family offices in all regions decided to increase cash allocations.
09/15/2023
Bridgewater Associates leads in attracting high-net-worth Chinese investors
The firm's strategy and performance have evidently resonated with wealthy Chinese investors, contributing to its rapid growth in this segment.
09/14/2023
Asia's private market exchange ADDX plans expansion in key MENA markets to serve private enterprises seeking financing
Blockchain-enabled private market platform allows for efficient flow of capital between private enterprises and capital providers; offers potential to increase two-way, cross-market investment between APAC and MENA countries
09/13/2023
Citibank Singapore is Ranked No. 1 Among Banks for Customer Experience in Report by Independent Research Firm
Bank reclaims top spot in annual survey as it further invests in mobile app and enhances customer feedback initiatives
09/12/2023
A balanced asset allocation is still the best way investors can prepare themselves for any uncertainty
To enable end-to-end digitization, we are investing in a single wealth platform to drive technology convergence across segments and markets, harness scale and cost efficiency, automate operations, and increase the speed of deployment.
09/12/2023
BNP Paribas Asset Management partners with Agricultural Bank of China Group to form wealth management joint venture
BNP Paribas ABC Wealth aims to develop innovative investment solutions to meet growing demand for wealth management in China
09/12/2023
Hong Kong’s wooing of family offices yields ‘robust’ interest from Southeast Asia, Middle East: top Citi banker
US-based Citigroup’s private bank serves over 1,600 family offices worldwide, with each having a net worth greater than US$3 billion.
09/12/2023
Citi sees further opportunities across social finance in Asia
Team will build on recent client work with pipeline of over 30 transactions across South & Southeast Asia
09/07/2023
Hong Kong’s ultra-rich population shrinks by 23% while New York, Singapore close in on top spot for ultra-wealthy
Asia’s population of super-wealthy people declined 11 per cent to 108,370 while the group’s wealth shrank by 10.6 per cent to US$12.1 trillion