08/21/2023
Citigroup Expands Wealth Client Base in Asia Amid Global Push
A report from Boston Consulting Group indicates that the region boasts approximately $55 trillion in financial wealth, standing second only to North America.
Wealth and Asset Management
08/21/2023
UBS Co-Head of Asia ECM Syndicate to Exit
UBS is undergoing the restructuring of Credit Suisse following a government-brokered takeover in June.
08/18/2023
Citigroup adds thousands of Asia wealth clients in global push
The customers were taken on during the first half of the year, according to a spokeswoman for the New York-based firm.
08/18/2023
Hang Seng Bank Expands Its Cross-Border Wealth Management Presence
These new additions join the bank's existing hubs in Sheung Shui, Central, Kowloon Tong in Hong Kong, and Guangzhou in mainland China.
08/18/2023
UBS Seeks to Hire Several Private Bankers to Serve India’s Rich
Firm returns to India private banking with Credit Suisse deal
08/17/2023
Wealth of Vietnam’s richest man Pham Nhat Vuong balloons by more than 8 times to US$44.3 billion on VinFast debut
But the rise in Vuong’s fortunes may be short lived if his company follows the trend of others listed by special purpose acquisition (SPAC)
08/16/2023
IQ-EQ lands major mandate with Flexstone Partners
The firm delivers customised private equity, real estate, private debt and infrastructure solutions with specific expertise in hard-to-access small- and mid-cap markets worldwide.
08/15/2023
Singlife’s investment arm to partner with BlackRock to boost wealth management offerings in Singapore
This partnership aims to introduce customised model portfolios to address a wide range of investor needs.
08/15/2023
Chinese wealth management firm stiffs big investors
Five years after regulators urged trust firms to cut property investments, state-backed Zhongrong remains highly exposed to the flagging sector
08/14/2023
HK's latest updates to suitability obligations to help private bankers
The new guidelines will reduce the compliance burden on private banks and relationship managers, while strengthening Hong Kong's position as a regional wealth hub.
08/14/2023
AMP's NZ wealth management doubles KiwiSaver net cashflows
The highlight of the otherwise flat first-half results from AMP's New Zealand wealth management business was a more than doubling of net KiwiSaver cashflows.
08/11/2023
SCB Julius Baer offers training for heirs
Catering to high-net-worth clients, SCB Julius Baer offers a comprehensive suite of wealth management services.
08/09/2023
Asia Wealth Group swings to loss amid foreign exchange hit
Records a net foreign currency exchange loss of USD205,143 compared to USD137,603 the year prior.
08/07/2023
Citi Expects Strong Family Office Growth in Asia
The landscape in Singapore is evolving.
08/07/2023
BPI Wealth Announces Expansion to Singapore and Reveals Ambitious Asset Management Targets Amidst Branding Overhaul
The company also disclosed its rebranding strategy, with the BPI private banking business soon to be known as BPI Private Wealth.
08/04/2023
OCBC Posts Record Wealth Management Income
This includes income derived from insurance, private banking, premier private client, premier banking, asset management and stockbroking.
08/03/2023
BlackRock-Avaloq tie-up piques interest among Asia private banks
The two firms aim to address a large gap in the risk management industry among Asia's private banks.
08/03/2023
Meet the duo ushering in a new era for UBS asset management
UBS Asset Management counts private wealth units Credit Suisse, Morgan Stanley and JBWere, among others, as some of its biggest clients.
08/03/2023
UBS Will Soon Have Credit Suisse's Landmark Down Under
With its acquisition of Credit Suisse, UBS Wealth Management is returning to Australia after an absence of several years.
08/02/2023
Asian wealth managers falling short in service quality even as market grows: Accenture
But many firms – if not most – are falling short due to their inability to deliver improved client experiences.