12/04/2023
Iqbal Khan: One Asian Client Adds $400 Million After Takeover
Following the takeover of Credit Suisse, UBS Global Wealth Management (GWM) is aiming to attract $150 billion annually in net new money.
Wealth and Asset Management
12/01/2023
J.P. Morgan Private Bank: global family office ecosystem puts it in prime position to meet the needs of UHNW clients
Hong Kong has the highest ultra-high-net-worth (UHNW) population in the world, with more than 15,200 individuals, Altrata’s “World Ultra Wealth Report 2022” shows.
12/01/2023
Leading MFO CEO Highlights the Huge Family Office Growth Potential in Hong Kong and Across Asia
It has much to focus the spotlight on – from a deep and mature financial sector, liquid capital markets, and a broad, well-established ecosystem of professional and fiduciary services.
12/01/2023
UnionBank Revolutionizes Wealth Management with Launch of Elite and Access Programs
As an introductory offer, new Elite customers have the opportunity to receive up to P1 Million in cash credits for account openings until December 31, 2023.
11/30/2023
Subsidiary of Swiss private bank fined in Hong Kong
The disciplinary action followed an investigation in which the HKMA found control deficiencies at the CA Indosuez subsidiary.
11/30/2023
Goldman Sachs to accelerate Japan push, wealth management head says
Marc Nachmann sees investment banking connections opening doors to unique deals
11/30/2023
Labuan IBFC awarded commendation as international domicile at the European Captive Awards 2023
Accolade highlights continued interest in domicile as both a regional and global captive hub
11/29/2023
How UBS is building a ‘house bank’ to protect family wealth across Asia
Through hosting events and building communities, UBS aims to connect like-minded investors in areas such as philanthropy, art and technology
11/29/2023
Nomura to Rename Retail Division as Wealth Management Division
The division's name was changed to reflect this transformation of the business model.
11/27/2023
Private markets firms raid banks and asset managers for talent
Half of the 68 hires in the last three years joined wealth solutions teams at big groups.
11/27/2023
Fidelity plans multiple fund launches in China to tap growing wealth management, pension demand
The London-headquartered investment manager plans to use Hong Kong to tap the Greater Bay Area market
11/27/2023
Macquarie Asset Management launches first Australian active ETFs
The funds face stiff competition from other active ETF managers
11/24/2023
Morgan Stanley eyes advisers as global shops line up Australia’s rich
To execute this strategy, the firm wants experienced advisers who bring in about $1.8 million in revenue per year.
11/24/2023
Singapore family office enquiries slow amid money laundering probe
Despite lull, 'push factors' still motivate rich Chinese to set up in city-state
11/23/2023
China wealth manager Zhongzhi flags insolvency, liabilities of $64 billion
The worsening woes at Zhongzhi, a major player in China's $3 trillion shadow banking sector - roughly the size of the French economy - is set to reignite worries about the ripple effect of the property debt crisis on the broader financial sector.
11/23/2023
Bank of Singapore reshuffles EAM team
Bank of Singapore's EAM experts Leong Guan Lim, Annabelle Chow and Li Li Lim have taken new roles at the bank.
11/23/2023
Five Members Of JTC are Shortlisted in the 2024 Citywealth Powerwomen awards
The annual awards support and recognise the leading woman and companies within the private wealth industry.
11/23/2023
Macquarie wealth investment strategy chief exits
The departure comes amid a wave of layoffs in the banking and financial services arm
11/23/2023
UnionBank launches premier expert wealth management programs
Up to P1 Million cash credits await new UnionBank Elite and Access clients
11/22/2023
StanChart Opens First HNW Center in China
This sits in between Standard Chartered’s affluent and private banking segments.