Managers of Wealth Asia Pacific

Hong Kong securities firm unveils wealth management arm

The firm aims to provide ‘premier financial services’ to wealthy individuals.

Geneva-based investment advisor sees an “acceleration in number of private market investments” among HNW clients, as well as increasing interest in digital assets

Tautu commented that his clients “like to take risks in these private markets, but the idea of being blocked for 10 years is still frustrating to them.”

Evergrande prompts China to put its house in order

Real estate activity and construction accounts officially for 14.5% of China’s gross domestic product.

The Xander Group invests in Sanctum Wealth Private Limited

The investment will be made through Xander’s Singapore-based financial services arm and the funds will be used to strengthen Sanctum’s operating platform and increase its client coverage.

Why the Chinese are destroying their wealth creators

Chinese officials are telling newspersons that 'they are getting ready for a possible storm', and it points in the opposite direction.

Raffles Family Office leads Series B funding round for cancer screening and early-detection solutions developer Cellomics

They include liquid biopsy tests based on Cellomics’ patented microfluidic

Transitioned from consumer banking to private banking

The importance of Asia Pacific to Citi is further highlighted by the fact that Hong Kong and Singapore account for two of its four wealth centres outside of the US.

ClearView launches life insurance products and platform

Advisers would also have access to educational content, explainer videos and client-facing tools to accelerate planning, the firm said.

Westpac suspends sale of wealth management unit

Westpac will continue to operate these businesses and support its Pacific customers

The Future of Wealth Management is Hyper-personalised

In their survey report “Are You Developing A Hyper-personalised Strategy?”, Objectway asked domestic and overseas Wealth & Investment Managers which definition of hyper-personalisation fitted best for them.

Evergrande begins repaying wealth product investors with property

An estimated $6bln in Evergrande wealth management products are outstanding

UBS opens new philanthropic chapter in India

UBS Optimus Foundation's India expansion comes as the bank’s philanthropic activities gather pace around the globe, with new initiatives in climate, health, education, child protection and social finance.

T. Rowe Price closes Aussie overweight after a year

T. Rowe Price has moved its asset allocation to Australian equities from overweight to neutral after a year as it believes economic growth has now peaked.

Nomura’s Wealth Push Pays Off With Fee Income Balancing Risks

Nomura is among Japanese brokerages under pressure to increase income from businesses

DBS Private Bank sees surging client demand for in-house managed investment products

In the past year alone, AUM more than doubled to SGD 10 billion.

How the world’s largest family businesses are proving their resilience

The family businesses in the 2021 Index collectively generated US$7.28 trillion in revenues, employed 24.1 million people and were distributed across 45 jurisdictions.

Standard Chartered eyes threefold increase in wealth management revenues from Greater Bay Area

Bank says its has applied to the Hong Kong regulators to launch wealth products, some of which will invest in new economy and new energy sectors

AIA Thailand investment unit’s assets to top 1 trillion baht by year-end, report says

The firm was set up in August 2020 with 847 billion baht of assets transferred from AIA Thailand, housed in five domestic funds and four foreign funds.

Japan’s structural reform to benefit investors

There are now more varieties of activist investors, including the old school “asset stripper” (greenmailer), entities focusing on constructive engagement and others that take a more hands-on approach.

Pictet Asset Management Launches First Qualified Domestic Limited Partnership Fund in China

The fund is an absolute return long/short credit strategy, focusing on financially stressed and distressed companies, predominantly in Europe.

Wealth and Asset Management