Managers of Wealth Asia Pacific

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.

Wealth and Asset Management