10/11/2022
HSBC Extends Private Banking Coverage to Western China
The new locations will make it the first global bank to set up a dedicated private banking services team for western China.
Wealth and Asset Management
10/11/2022
UBS Secures New Office Space in Hong Kong
The project is expected to be completed by 2025 and UBS is expected to occupy the new premises in early 2026.
10/10/2022
Hong Kong to woo family offices from Middle East, Europe as city reconnects with investors after Covid-19 isolation
A team of InvestHK officers will visit Dubai and Abu Dhabi from October 17 to 22, followed by a trip to London and Zurich in November
10/10/2022
Asia and Middle East Families Withdraw Assets at Credit Suisse
One Asian family office that pulled out cash said it was told by the bank that there was a queue of unprocessed transactions that resulted in some temporary backlogs.
10/10/2022
Wealth Management Connect: higher investment quota, greater choice are key to improving bay area’s cross-border scheme
Many investors want the cap on individual investments raised by at least five times from the current 1 million yuan (US$140,528)
10/06/2022
New challenges alter the game for private banking
Announcing the winners of The Asset Triple A Private Banking and Wealth Management Awards 2022
10/05/2022
Credit Suisse Loses Handful of Private Bankers in Hong Kong
They include managing director and China market leader Luke Chiu, director and team leader Nelson Hui alongside two relationship managers, Hong Kong team director Steven Lau and another two senior private bankers last month.
10/03/2022
Rich kids’ boot camps return as private banks woo next-gen wealth
While the private banks tried to replicate in-person shindigs with Zoom seminars and learning portals during the pandemic, these didn’t always succeed in sufficiently engaging the next generation.
09/30/2022
Standard Chartered Singapore launches first-of-its-kind affluent deposit account
Exclusive to its Priority Banking2 segment, clients can earn up to 3.50% p.a. interest on the first SGD500,0000 of deposit balance with no lock-in period and no spend criteria.
09/30/2022
Chinese family offices post robust growth
The average assets under management for Chinese family offices increased threefold last year compared with three years earlier, according to a study.
09/29/2022
Credit Suisse Brightens Dull Singapore IB Market
In the M&A any involvement league table, Credit Suisse jumped from 11th to sixth place, recording five deals worth $9.9 billion.
09/28/2022
Retail investor capital presents USD8.2 trillion growth opportunity for sustainable investing
The new research by Standard Chartered identifies the potential for retail capital mobilisation across 10 growth markets, highlights barriers faced by currently faced by investors, and provides solutions to expand sustainable investing into a mainstream
09/27/2022
China boasts one in 10 global millionaires
The number of millionaires is expected to double by 2026, according to Credit Suisse’s annual Global Wealth Report.
09/27/2022
WMI Eyes Major Demand for Family Office Programs
WMI also announced the co-development of a philanthropy guide on donor-advised funds with Private Banking Industry Group.
09/26/2022
Swiss bank UBP returns to Chinese markets
Villamin said UBP saw some “hope” that there would be more stimulus measures ahead of and after the Communist Party Congress in October.
09/23/2022
The great wealth transfer in Asia Pacific - Deutsche Bank
Legacy planning can take many forms, depending on what families hope to achieve, how large or complex the family is, what types of assets they invest in, their risk tolerance, and investment philosophy.
09/21/2022
Global Wealth Report 2022 – record wealth growth in 2021 tapered by challenging 2022 market environment
Wealth per adult rose 8.4% to USD 87,489. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest annual rate ever recorded.
09/21/2022
4 top wealth management platforms established in Singapore
The breadth and depth of institutions here also give them ready access to global and regional financial markets while providing a full suite of wealth management services to meet their every need.
09/21/2022
Julius Baer acquires stake in GROW Investment Group
The cooperation between GROW and Julius Baer will undoubtedly create value for these clients and support our growth plans for this important market.
09/16/2022
Private Debt Goes Mainstream in Asian Wealth Management
For private debt, 2022 may be the year the asset class goes mainstream in wealth management