04/26/2022
De-Risking Hammers UBS’ APAC Wealth Unit
In addition to the bottom line, the bank’s assets under management in Asia also plunged in the first quarter.
Wealth and Asset Management
04/26/2022
Asia wealth slump renders bank hype a little rich
The figure for Asia-Pacific wealth management, however, fell 38% year-on-year to $288 million.
04/25/2022
BlackRock CCB, China Asset Management, Industrial Bank poised to launch more products to tap China’s expanding private pension savings
As China pushes out a new framework to expand its private pension scheme, foreign asset managers such as BlackRock are looking to launch more products to meet the rising demand.
04/22/2022
UOB: Southeast Asia May Leapfrog Banks to WM
To be sure, the potential pool of customers for banking and wealth management growth in Southeast Asia is huge.
04/22/2022
HSBC Launches Private Banking Branch in Shenzhen
This marks the fourth city in mainland China that HSBC has rolled out a private banking business including Beijing, Shanghai and Guangzhou.
04/21/2022
Raffles Family Office and Huobi Tech join forces to launch Asia’s first digital assets-based multi-family office
As part of the agreement, Huobi Tech has made a strategic investment in a Raffles FO venture company established to serve as the launchpad for the platform.
04/19/2022
Australia's AMP confirms in talks to sell investment management unit
The announcement comes after media reports indicated AMP was in discussions to sell Collimate in a bid to simplify its business.
04/19/2022
Apex Group closes acquisition
This is the latest in a series of global acquisitions for Apex
04/18/2022
BNP Paribas Wealth Management COO for Asia on Elevating the Platform, Talent and Client Centricity for a Bright and Profitable Future
As the bank improves in all these areas, Long is confident the institution is readying itself for a focused, productive and profitable future.
04/18/2022
VP Bank takes on Asian rivals
The Vaduz-headquartered, boutique wealth manager has been quietly but steadily ramping up its Asian franchise in recent years with several strategic appointments.
04/13/2022
Wealth management firms announce immediate merger
Both companies said the merger has “increased their capabilities in providing market leading investment solutions to the advisory market”.
04/13/2022
HSBC Is on a Hiring Spree as It Courts Asia’s Wealthy
Bank will also consider further deals to scale up in wealth management, senior executive says
04/12/2022
Turning Japanese
“Money talks – and mine said ‘goodbye !’” - Anonymous.
04/12/2022
Groupe Indosuez Wealth Management : Indosuez's offer highlighted at the WealthBriefingAsia Greater China Awards 2022
In a competitive and demanding wealth management market, these awards reflect the relevance of Indosuez's strategy and its usefulness to its clients and society.
04/11/2022
Citigroup to keep hiring in private banking push amid growth, rivalry in China’s Greater Bay Area
Citigroup joins HSBC, Standard Chartered and Bank of China (Hong Kong) in boosting wealth managers in Bay area deemed as ‘richest megalopolis’
04/11/2022
DBS Private Bank sees robust growth on multiple fronts
"Clients felt they could do the same things they were able to do face to face previously… We're seen as a safe pair of hands for the next generation."
04/07/2022
Money-manager deal gets asset allocation all wrong
Perpetual’s solution was to proffer equity to fund three-quarters of the deal.
04/07/2022
Wealthy clients want the personal touch
New research reveals the importance of wealth managers in Apac providing digital offerings and a high-touch service, according to Refinitiv.
04/06/2022
Asia has the most billionaires as Elon Musk tops annual richest list for first time
The number of billionaires fell to 2,668, down from 2,755 last year.
04/05/2022
Will China stand with Russia?
Having spent much of her career living and working in China as a journalist, Carrie was able to share powerful insights and a unique perspective on the country, its geopolitical intentions and its relations with the West.