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.
Wealth and Asset Management
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.
05/11/2023
Mercer Partner and Wealth Business Leader Talks Improving Support for Investment Managers
The rapid expansion of the mass affluent market segment in Asia means wealth managers and private banks are keen to ‘democratise’ their services and their investment offerings across a wider audience of clients.
05/11/2023
Hong Kong, China plan upgrade to Wealth Management Connect
The plans will see the wealth management scheme broadened out
05/11/2023
Credit Suisse’s Asia Clients Move Assets to HSBC
HSBC attracted $22 billion in net new money from global clients
05/10/2023
Hong Kong and mainland Chinese authorities plan GBA Wealth Management Connect scheme overhaul, allowing Chinese investors access to global equities
GBA authorities finalising details of expanded Wealth Management Connect scheme, allowing mainland investors to buy global equity products
05/10/2023
OCBC records 44% increase in Q1 profit
The Singapore bank registered a 33% rise in wealth management income this quarter compared to the previous, with AUM standing at S$270bn.
05/09/2023
Chiman Kwan: «Crisis Forced Them to Recognize the Importance of Diversification»
As a result, many of them have been forced to review their risk management strategies and explore a broader range of investment options.
05/05/2023
UHNWs increasingly open to DPM structured products, says RBC WM
The Canadian private bank is planning to offer more structured products and a hybrid advisory model to increase stickiness among its Asia-based clients.
05/03/2023
First-quarter net profit rises 43% to SGD 2.57 billion while return on equity increases to 18.6%
Both at new highs, from higher net interest margin, sustained business momentum and resilient asset quality
04/28/2023
CIMB Private Banking named best domestic private bank by Asiamoney
CIMB Private Banking is strategically positioned to continue to service this segment covering both their individual and corporate investment needs
04/27/2023
UOB’s net profit surges on wealth management rebound
Fee income registered double-digit 14% growth, led by wealth management, says the bank.
04/27/2023
UBS Asia heads book Australia trip to meet Credit Suisse bankers
Credit Suisse insiders were buoyed by the developments, and view the trip by the UBS executives as a further commitment to Australian wealth management.
04/26/2023
HSBC’s private bank in Asia expects strong net new inflows in 2023
Net new invested assets came to US$15 billion, compared to net inflows of US$14 billion in 2019.
04/26/2023
Fidelity raises $157m for first onshore China fund launch
The asset manager hailed the RMB 1.08bn ($157m) raised for its debut China equity fund ‘amid tentative investor sentiment’, with a fixed income product in the pipeline.
04/25/2023
Asia contributed strongly to Citi’s first quarter earnings.
Citi has now announced actions for all our consumer markets we are exiting in Asia
04/25/2023
BNP Paribas launches wealth unit in Thailand
Based in Bangkok, Peter will head up an onshore team of wealth managers.
04/24/2023
Hong Kong’s New Incentives for Family Offices
Despite its traditional appeal as a hub for family offices, Hong Kong has faced a mix of challenges in recent years, including political turmoil and the pandemic management, leading some family businesses to relocate to neighboring Singapore.
04/24/2023
Julius Baer Launches Asia’s First Family Wealth Planning Certificate Programme for its clients
This programme aims to equip its clients in Asia with the skills necessary to better navigate cross-generational transitions.