02/27/2023
St James’s Place to close Shanghai office
Firm will ‘continue to invest in and grow’ its operations in Hong Kong and Singapore.
Wealth and Asset Management
02/24/2023
UBS Said to be Applying For China Fund License
That opened the door for other institutions to follow suit, including Blackrock, Goldman Sachs, and JP Morgan Chase which have since obtained various licenses from Chinese regulators to expand their businesses in the Middle Kingdom.
02/24/2023
KGI Asia Sage leverages Extramile to craft extraordinary wealth solution
Extramile further empowers KGI Asia's professional team's ability to offer unrivalled structured products solutions based on clients' need anytime, anywhere.
02/23/2023
Missing Chinese banker was working to set up Singapore family office
A growing number of Chinese executives have set up family offices, a privately held company that manages investments, in Singapore after Beijing launched a regulatory assault on the tech sector and an anti-corruption crackdown.
02/23/2023
Raffles Family Office welcomes Hong Kong Government's initiatives for asset and wealth management industry
The government will also refine regulatory measures and tax arrangements, increase allocation to sustainable investment funds
02/22/2023
Standard Chartered is upping the stakes with its Hong Kong wealth management push
Standard Chartered already employs around 5,800 staff in the city and the bank wants to hire between 300 and 500 wealth management staff in Hong Kong this year in a move that is likely to push up salaries as it goes toe-to-toe with HSBC and Citigroup.
02/22/2023
HSBC Wealth takes a hit while global private banking rises in 2022
Revenue was driven by strong growth in net interest income and increases in all global businesses, including Global Private Banking.
02/22/2023
Hywin International Becomes Vice Chair Member of The Hong Kong Limited Partnership Fund Association (HKLPFA)
The HKLPFA is the industry association guiding and promoting the Limited Partnership Fund (LPF) regime in Hong Kong.
02/21/2023
Labuan IBFC and SBF successfully co-organised masterclass on Labuan International Business and Financial Centre
The masterclass showcased Labuan IBFC’s sectoral offerings and services and served as a platform for an exchange of ideas
02/21/2023
HSBC Holdings plc Annual Results 2022
This contributed to a strong overall financial performance.
02/20/2023
StanChart to Add Up to 500 Staff in Hong Kong
The reopening of the border is set to increase business opportunities in the Greater Bay Area, green finance, fintech and wealth management.
02/20/2023
Japan’s Newest Billionaire Masters The Science Of Turning Waste Into Wealth
The stock is up nearly 30% since then, making Fumio Kaneko, 66, the company’s cofounder and president, the country’s newest billionaire with a net worth of $1 billion.
02/20/2023
Super-rich surge adds shine to wealth management pros
Growing demand for female relationship managers is also pushing such wealth management firms to accelerate their hiring plans.
02/17/2023
Singapore’s Family Office Incentives Under Official Scrutiny
Weng also asked how Tan’s ministry ensured that family office financial assets were booked, based, or anchored, in the city-state.
02/17/2023
Private Banks on Growth Drive in India
Private banks like Julius Baer are ramping up expansion efforts onshore with plans to triple assets and double the number of relationship managers as well as clients, as part of a five-year transformation strategy in India.
02/17/2023
Raffles Family Office welcomes Singapore's new tax incentive for donors with family offices
This incentive will be instrumental in driving philanthropic activities in the country, further enhancing Singapore's reputation as a top-tier wealth management centre and a regional philanthropy hub.
02/17/2023
Mizuho Financial Group and Lombard Odier form Strategic Alliance to expand onshore collaboration in Japan
Mizuho Financial Group leverages the resources and expertise across its entire business lines to provide products and solutions that transcend the boundaries of finance to meet the diverse and sophisticated needs of high-net-worth individuals
02/17/2023
Citi Wealth Activity Rebounding in Asia
Citi is observing a rebound in wealth management activities in Asia where momentum is shifting after a challenging 2022 that saw various macroeconomic headwinds.
02/15/2023
Maybank Asset Management Launches New Decumulation Fund Offering Retiree Investors Peace Of Mind
The new decumulation fund aims to deliver higher income payouts while drawing down capital to convert assets to income systematically.
02/13/2023
Lazard Asset Management slashes fund fees
"All three funds also strongly outperformed the median of the Morningstar Large Cap Value Peer Group, with the Select Australian Equity Fund being the leading fund in this peer group, based on Morningstar data."