02/21/2022
CLSA CP launches private equity fund
The alternatives platform of Citic Securities has launched a China-market US dollar-denominated private equity fund.
Wealth and Asset Management
02/20/2022
Hong Kong ‘will be fine’ Standard Chartered CEO says, has no plans to shift staff over Covid-19 policies
“There’s not a material impact on our business from the mobility restrictions,” Winters told the Post.
02/18/2022
StanChart CEO Hopes to Stay With Bank Until 2024
And its CEO Bill Winters hopes that he will remain at the helm long enough to see the bank hit the target.
02/17/2022
Netwealth share price nosedives despite record income
“Netwealth expects to benefit from growth in its affluent, high net-worth and private wealth groups as its platform functionality supports and enables the unique and differentiated needs of the segment,”
02/16/2022
UBS Sees China Private Banking Revenue Pool Hitting $163 Billion
Cooling China property market could spur reallocations
02/16/2022
China's 'common prosperity' drive positive for wealth management industry - UBS
"Common prosperity" is a policy drive by President Xi Jinping to narrow the gap between rich and poor."
02/15/2022
Asia Named a «Growth Star» for HSBC's Swiss Private Bank
Combined with the relocation of some global and regional roles in support functions, this will lead to some Swiss roles being impacted.
02/14/2022
Guangzhou’s largest firm announces default on wealth management products
A financial manager said that Cedar Holdings noted that the value of the assets mentioned above is enough to cover the total amount of about $3.15 billion of financial products.
02/14/2022
Blackstone acquires majority stake in wealth management firm
The deal, which according to market participants valued the company at around $1 billion, was through a secondary transaction with senior employees also selling an 11% stake to Blackstone. Blackstone and ASK Group declined to comment on the financial term
02/13/2022
BlackRock CCB Wealth Management approved for pension wealth management in China
The regulator has previously designated four banks to pilot pension wealth management
02/10/2022
Speech by Mr Heng Swee Keat at the Opening of the Wealth Management Institute
It has been almost twenty years since the WMI was established in 2003. I am glad that Ms Ho Ching and Mr Ng Kok Song, who are instrumental to the founding of WMI, are here with us today.
02/10/2022
HSBC Grows Prime Brokerage Business For Asia Investments
The London-headquartered bank will hire more prime brokerage staff and invest in technology to enable competition with established rivals.
02/10/2022
Liu puts relationships at the heart of Citi Private Bank
It is the kind of thing that couldn’t have happened before Zoom, and likely wouldn’t have happened until Covid hit and accelerated the adoption of video calling services.
02/10/2022
Global Private Banking and Wealth Management Survey
It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.
02/09/2022
Julius Baer: Singapore Over Switzerland For Innovation Hub
As of December, the bank appointed Jonathan Chan as head of the new lab and he has since led a multi-discipline team with innovation and entrepreneurial backgrounds.
02/09/2022
Softbank Accuses Credit Suisse in Blame Game
The cited documents include an internal Softbank memo and a letter to the Swiss bank’s lawyers.
02/09/2022
WMI to train 1,000 finance professionals, investors in sustainable finance, ESG over next 3 years
Among other things, participants will explore different approaches to ESG investing screening, due diligence, and selection processes by leveraging analytical tools and indices.
02/08/2022
Macquarie Group 2022 Operational Briefing
The markets-facing businesses’ combined 3Q22 net profit contribution was substantially up on 3Q21.
02/08/2022
Core Asset Wealth Management Expand It’s Digital Assets Team
Core Asset are expanding the digital assets team, doubling its headcount with hires in Asia as part of a renewed strategy to expand the business of its digital assets.
02/08/2022
Family offices’ investment in PE is about more than just asset allocation
Recent surveys put the figure of family offices investing in private equity at around 80%