10/26/2021
Lombard Odier: Nearly Half of APAC HNWIs Expect Market Correction
Almost 2 out of 10 HNWIs said they feel «lost» and would appreciate more guidance from financial advisors.
Wealth and Asset Management
10/25/2021
HSBC Holdings 3Q 2021 Earnings
This was reflected in more consistent top-line growth, robust lending pipelines across our businesses, and rising trade and mortgage balances.
10/21/2021
Deutsche Bank Adds Greater China Wealth Vet from HSBC
Based in Singapore, she reports to North Asia head of wealth management Kanas Chan.
10/21/2021
AMP Limited provides Q3 21 AUM and cashflows update
Our business
10/20/2021
South African Diamond Billionaire Opens Family Office in Singapore
The family office’s ex-chief of staff Edoardo Collevecchio will relocate from London to Singapore to build and lead the team.
10/20/2021
Credit Suisse to Build on Wealth Management
In about three weeks Credit Suisse will showcase its new strategy as part of the third-quarter earnings presentation.
10/20/2021
Hedge fund manager Robert Luciano suffers $500m drop in wealth
His wealth includes an enviable property portfolio with homes in Mosman, a prestige Sydney suburb, and a weekender in Palm Beach.
10/20/2021
Singapore launches new family office network for business families and professionals
In partnership with the family office community and with the support of EDB and MAS, WMI's new family office network will strengthen Singapore's position as a Global-Asia Family Office Hub
10/20/2021
Record US$119.5 trillion assets for top 500, a warning for Asian managers
“If asset managers in Asia want to continue the meteoric rise they’ve seen in the past, they will need to create a greater diversity and resilience in their business models as well as within their portfolio,”
10/20/2021
Singapore Banks Joins China's Wealth Management Connect
A total of 300 billion yuan ($46.5 billion) has been set as the aggregate quota for the two-way channel – 150 billion yuan each – with a limit of 1 million yuan per individual investor.
10/20/2021
Oppenheimer family seeks out Asia’s rich with Singapore outpost
The Oppenheimer family has a combined net worth of $8.2 billion, largely through the 2012 sale of their stake in De Beers for about $5 billion, according to the Bloomberg Billionaires Index.
10/20/2021
The Asian century
With labour costs in established manufacturing centres such as China increasing, countries with lower wages are stepping in to relieve some of the pressure.
10/19/2021
Macao banks to launch Wealth Management Connect related services
The Monetary Authority of Macao said the WMC is a major move and innovative arrangement for promoting mutual access between the financial markets in the Greater Bay Area.
10/19/2021
The HKMA announces a list of eligible banks in Hong Kong for launching the Cross-boundary Wealth Management Connect Pilot Scheme
“Implementation Arrangements for the Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area”
10/19/2021
HSBC and 18 other banks can now sell wealth investment products in the Greater Bay Area
HSBC and Standard Chartered Bank are among more than a dozen lenders that can start selling investment products from Tuesday.
10/19/2021
DBS, OCBC tap China’s Wealth Management Connect scheme to expand in Greater Bay Area
DBS said its Hong Kong franchise has partnered with the Postal Savings Bank of China (PSBC) to provide GBA customers access to diversified investment products and solutions, and digital-banking capabilities.
10/19/2021
Global private wealth platform Kristal hits 500 mn dollars AUM landmark
It is experiences like these that have made Kristal the no.1 wealth manager in the mass affluent & emerging HNI segment of Asia.
10/15/2021
Sotheby's Alumni Launch Asia-Focused Art Advisory
Sotheby's former chief operating officer Chinn will handle the company’s business and legal operations
10/15/2021
Hong Kong Fund Manager Expands Asia Footprint
One Heritage Capital Singapore will be led by a leadership team of experienced professionals in private banking, including founder Joe Hui
10/15/2021
Wealth Management Connect Finally Kicks Off: What is its Significance?
The Wealth Management Connect program enables mainland residents of nine Guangdong cities in the GBA to invest in investment products sold by banks in Hong Kong and Macao, and vice versa.