Managers of Wealth Asia Pacific

AMP Limited provides Q1 22 AUM

Majority of flows were sourced from customer deposits, in line with the Bank’s objective to further strengthen its liquidity.

StanChart to Offer T. Rowe Price Funds in Singapore

The deal marks T. Rowe Price’s entry into Singapore’s retail fund market, and its first direct tie-up with a Singapore retail bank

RBC Wealth Management Reshuffles Asia Leadership

Reed will be succeeded by North Asia head of private banking Nick Chan who will take on a broader remit to lead RBC Wealth Management's sales and relationship teams across Hong Kong and Singapore.

Ground-level observations

Innovative technology and digitalisation permeating everyday urban life in a fast-changing China

Odds shift for global banks' Asia wealth bets in China's slower-growth reality

Bankers stressed, however, that while the mood has changed in Asia at least for the next few quarters, the global wealth managers still saw Asia as their best growth opportunity.

Singapore Bank Earnings Hit by WM Drop

Southeast Asia’s largest bank, DBS, reported its first quarter net profit came in at S$1.8 billion (US$1.30 billion), down 10 percent from the year-earlier quarter.

Odds shift for global banks' Asia wealth bets in China's slower-growth reality

The banker and his peers declined to be named as they were not authorised by their organisations to speak to the media.

Tougher family office rules likely to attract more wealth

They must also hire at least two IPs, though they may get a one-year grace period to hire the second one. Section 13O previously had no minimum AUM or IP hiring requirements.

Higher Interest Rates Fuel StanChart's Profit Rise

The Asia-focused London-based lender beat the $1 billion average estimate from 16 analysts as compiled by the bank.

HSBC - 1Q 2022 update

In Hong Kong, we were the first bank to gain approval to offer remote, branch-like sales and services.

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.

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.

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.

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.

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.

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.

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.

Apex Group closes acquisition

This is the latest in a series of global acquisitions for Apex

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.

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.

Wealth and Asset Management