06/13/2023
HSBC to Shut Down New Zealand Wealth Unit
The bank has stopped accepting new retail customers in New Zealand and the wind-down is expected to occur over several years in phases.
Wealth and Asset Management
06/12/2023
Family offices set to reshape wealth management landscape
The objective is to help no fewer than 200 family offices establish or expand their operations in Hong Kong by late 2025.
06/12/2023
Citi Named Digital Bank of the Year in Asia Pacific
The Asset also named Citi Digital Bank of the Year in Hong Kong, India, Indonesia, Thailand, and Sri Lanka.
06/12/2023
Schroders, BNP Paribas among foreign firms rushing to tap China’s US$18 trillion wealth-management opportunity
BNP Paribas and Agriculture Bank of China launch wealth-management joint-venture as regulator vows consistent and continued financial opening
06/12/2023
DBS Launches Bank-Backed Multi-Family Office
Singapore’s VCC structure is designed specifically for family offices in the city-state with both operational and tax benefits.
06/09/2023
Leader for NAB Private Wealth takes world stage
Private banker gets international accolade
06/07/2023
Private Banks: Outsourcing Consolidation
With only 1.2 billion dollars assets under management, it is small in size, yet the deal proves the buyer's growth ambitions in Asia.
06/07/2023
With Asia's wealth management revenue set to hit $90 bil by 2025, private banking to enjoy 'significant' growth: WWF-SG
WWF-Singapore conducted a pilot study from October 2022 to February with seven private banks that have presence in Singapore and headquarters in the US, Europe and Asia.
06/07/2023
UBS Executive August Hatecke Likes Singapore Well Enough
As research by finews.asia shows, a decision has yet to be made, and will come in a few weeks at the earliest and once the integration of Credit Suisse has been completed.
06/06/2023
RCBC named Best Bank for next-gen and millennials wealth management in PH
The Asiamoney Private Banking Awards recognize institutions that are critical to the region’s wealthy individuals and families, helping them navigate the worst of the volatility of the past year.
06/06/2023
Leading law firm for wealth management in Asia Pacific
With a private client and tax team of over 40 in Asia and over 200 across 17 offices globally, Withersworldwide continues to be the world's largest law firm for wealth management.
06/01/2023
Refik Anadol’s ‘Glacier Dreams’ debuts in Singapore as a new multi-sensory experience in Julius Baer’s NEXT initiative
Inspiring joy and hope, ‘Glacier Dreams’ will be projected on the façade of ArtScience Museum
05/31/2023
Standard Chartered and Singapore FinTech Association partner on blockchain paper to drive sustainability in supply chain payments
Concept paper deep dives into sustainability practices across global value chains and reveals specific tools to encourage alignment and integration among stakeholders
05/30/2023
Union Bancaire Privée acquires Angel Japan Asset Management
The transaction will see UBP further strengthen its presence in Japan and is a clear demonstration of UBP’s ambitions to expand its footprint in Asia-Pacific.
05/30/2023
Wellington Management cuts 5% of staff following strategic review
The $1tn firm becomes the latest asset manager to lay off members of its workforce to reduce costs.
05/30/2023
Singaporean wealth management fees are set for weak growth in 2023
In their Q4 2022 results, Singaporean major banks revealed that their revenue was negatively impacted by low wealth management fees
05/29/2023
Credit Suisse Loses Against Georgian Oligarch in Singapore
The move marks another setback for the bank in its legal battle with the Georgian oligarch.
05/29/2023
UBS, CS Offer Inflow-Linked Bonus to Bankers in Asia
This is more attractive than typical bonuses which are linked to fee-generating assets which requires clients to invest, in addition to opening an account and banking their assets.
05/29/2023
Credit Suisse Throws UBS a Few Curves in China
The current situation in China makes that abundantly clear.
05/26/2023
Singapore Lures More Family Offices in 2023
According to local government estimates, the city-state is home to about 700 family offices, up from 400 in end-2020.