05/30/2023
Wellington Management cuts 5% of staff following strategic review
The $1tn firm becomes the latest asset manager to lay off members of its workforce to reduce costs.
Wealth and Asset Management
05/30/2023
Singaporean wealth management fees are set for weak growth in 2023
In their Q4 2022 results, Singaporean major banks revealed that their revenue was negatively impacted by low wealth management fees
05/29/2023
Credit Suisse Loses Against Georgian Oligarch in Singapore
The move marks another setback for the bank in its legal battle with the Georgian oligarch.
05/29/2023
UBS, CS Offer Inflow-Linked Bonus to Bankers in Asia
This is more attractive than typical bonuses which are linked to fee-generating assets which requires clients to invest, in addition to opening an account and banking their assets.
05/29/2023
Credit Suisse Throws UBS a Few Curves in China
The current situation in China makes that abundantly clear.
05/26/2023
Singapore Lures More Family Offices in 2023
According to local government estimates, the city-state is home to about 700 family offices, up from 400 in end-2020.
05/26/2023
Union Bancaire Privée acquires Angel Japan Asset Management
The transaction will see UBP further strengthen its presence in Japan and is a clear demonstration of UBP’s ambitions to expand its footprint in Asia-Pacific.
05/26/2023
Indosuez strengthens commitment to arts and culture in renewed partnership with Tai Kwun in Hong Kong
This renewed partnership with Tai Kwun echoes the central place towards social responsibility by Crédit Agricole group and is part of a global and coordinated approach within Indosuez.
05/25/2023
Ping An Asset Management: China's Aging Society Sparks Pension Interest, Becomes the Next Opportunity for Asset Management Industry
In November 2022, China announced the implementation of private pension plans for individuals, in addition to government pensions and employer programs.
05/22/2023
The Development of the Independent Wealth Management Model in Asia
These and other questions were put to a small, select group of speakers in a Q&A at the Hubbis Philippines Wealth Management Forum in Manila on March 22.
05/22/2023
DBS Expects More Record-Breaking Profits
This would mark more record-breaking accomplishments in the future after an all-time high net profit of S$8.2 billion in 2022.
05/19/2023
How Lombard lending helps wealth management clients stay invested with flexible financing solutions
HSBC’s Wealth Portfolio Lending service enables clients to borrow against the value of their existing investment portfolio
05/19/2023
UBS fintech challenge lands in Hong Kong
Amy Lo, head and chief executive UBS Hong Kong and co-head wealth management Asia, will be on the judging panel for the second round of pitches from global and local startups in Hong Kong.
05/18/2023
UBS Intensifies Focus on Onshore Banking in Taiwan
Some clients reacted strongly and transferred their funds elsewhere
05/18/2023
UBS’ $5b Credit Suisse buy changes Australia’s wealth game
UBS exited Australian wealth management less than a decade ago
05/16/2023
US-Listed Firm Acquires AL Wealth Partners
This will help AlTi further expand in Asia in addition to its existing presence in Hong Kong.
05/15/2023
Citi Private Bank Named Best for Ultra-High Net Worth in Asia and Hong Kong
Citi banks one-third of Asia’s billionaires.
05/15/2023
RBC WM warns of more volatility for Chinese equities
China’s recent economic data shows an uneven economic recovery, which will unnerve investors.
05/12/2023
Pictet Paints Picture of a Slowing China
It also comes with a number of surprising forecasts.
05/12/2023
HSBC assets grow on the back of the Credit Suisse takeover
HSBC has attracted USD22 billion globally in net new money in the first quarter, with almost two-thirds of that coming from Asia, Nuno Matos, global head of wealth and personal banking, said in an interview.