05/13/2021
Eyeing up investment opportunities in hospitality
Challenging though the past year has been for the hospitality industry – which has probably suffered more than any other – the outlook is encouraging.
Wealth and Asset Management
05/13/2021
Citi sets sights on 1000 wealth hirings in Hong Kong
In the first quarter of 2021, Citi added more than $5 billion more in net new money.
05/12/2021
BlackRock expands China footprint with wealth management licence
BlackRock will "support China in building a sustainable ecosystem for investing," Chairman and CEO Laurence Fink said in the statement.
05/10/2021
Macquarie Wrap surpasses $100b FUM
“We’re seeing that Macquarie’s strong brand in this space, our leading platform, and the access to the deep expertise of our people and the broader insights of Macquarie is an offering that is really resonating with advisers.”
05/10/2021
HSBC sees strong performance in Asia wealth drive
Wealth revenues surge 57%, wealth balances up 18% in region for Q1 2021
05/08/2021
China Sets Quota for Wealth Management Link
The quota caps net cash flows in either direction and a quota for the investments of each individual has also been set at 1 million yuan.
05/07/2021
Credit Suisse Boosts Asia Headcount
The net hires were made since mid-March across both Credit Suisse’s investment banking and private banking arm.
05/07/2021
OCBC doubles Q1 profit, rounds up strong outlook for Singapore banks
Net profit for OCBC came in at a record S$1.5 billion in the quarter ending in March
05/06/2021
Swiss bank Julius Baer leases office space in Swire’s Two Taikoo Place, Quarry Bay, in biggest ‘decentralisation deal’ since 2018
The bank, currently based in Central, has leased four floors in the 41-storey skyscraper, in what Colliers described as the largest ‘decentralisation deal’ in Hong Kong since late 2018
05/06/2021
Australia, New Zealand sustainable fund assets jump to record high
“The cause of this can be attributed to the fact that there is currently a higher percentage of lower-cost passive investments within the sustainable investments universe,”
05/05/2021
Labuan IBFC remained Resilient and Agile amidst a Challenging Business Landscape
Labuan IBFC and its ecosystem remained intact in spite of the sombre business climate and movement restrictions
05/05/2021
Asia’s Wealth Management Industry: Adapting to the Needs and Expectations of Nextgen Client
The wealth management community in Asia must not delay their efforts to grasp the opportunity to future-focus their activities and their propositions.
05/04/2021
Maybank’s Group Head of Wealth Management on the Bank’s Model and Market Positioning
Lee has presided over the evolution of the Maybank’s private banking model, which is now in its eighth year.
05/04/2021
Sarasin buys Bank of Montreal's HK, Singapore private banking arms
They provide a complete suite of private banking and wealth management services to private and institutional clients in Asia and globally.
05/04/2021
Macquarie picks up $20b as big banks exit wealth
“It’s an interesting time with all of the structural changes in the market,”
05/04/2021
How Inherited Wealth Can Be Fairly Distributed Within Asian Families
The latest figures released by RBC Wealth Management reveal how only 31% of people in Asia have a full wealth transfer plan in place.
05/03/2021
Westpac hires Morgan Stanley for super, platforms sale
The business reported $105 million cash profit in the first six months of FY21.
04/30/2021
StanChart Beats Forecasts with Improved Impairments
First quarter 2021 results
04/28/2021
Sale of the Australian Wealth business
The review considered a range of options and the potential impact on superannuation members and the Group’s people and shareholders.
04/28/2021
Rise of third-party asset managers in Apac
Local managers and distributors in Asia Pacific are increasingly open to product partnerships with foreign managers, according to Broadridge Financial.