03/04/2025
StanChart to Open Hong Kong’s Sixth Wealth Center
The goal is to attract $200 billion of net new money and deliver double-digit compound annual growth rate for income from its wealth solutions over the next five years.
Wealth and Asset Management
03/03/2025
Macquarie Asset Management makes further strategic senior hire to support growth of its wealth business in Asia
The newly created role reflects the growing interest of Asian wealth management clients in Macquarie Asset Management’s infrastructure and energy transition strategies.
02/27/2025
OCBC Group Full Year 2024 Net Profit grew 8% to a Record S$7.59 billion
S$2.5 billion capital return over two years
02/26/2025
Standard Chartered adopts ICC’s Sustainable Trade Finance Principles
First international bank to fully align to the industry principles
02/26/2025
Jupiter Asset Management receives Capital Markets Services License from the Monetary Authority of Singapore and broadens global retail coverage
The MAS approval marks a significant expansion of Jupiter’s international remit and will be an important milestone for its offerings to clients in Asia - a priority growth market for the firm.
02/24/2025
Private banks pare CD ratios amid tight liquidity
Banks have intensified their efforts to enhance their liability franchises by offering higher rates on term deposits in the current financial year.
02/24/2025
Perpetual terminates KKR scheme, plans Wealth Management sale
The two companies had engaged in extensive discussions, including revised non-binding proposals from KKR.
02/21/2025
Netwealth reports ‘strong growth’ in new advisers
Platform Netwealth has reported its financial results for the first half of FY2024–25, reporting a 46 per cent increase in statutory net profit after tax.
02/21/2025
M&G powers supply chains with USD135.2M Sydney logistics investment
Acquires 50% stake in Ingleburn Logistics Park from Stockland, forming long-term partnership
02/20/2025
Super-rich Koreans establish family offices in Hong Kong for tax advantages
Ultra-wealthy Koreans seek innovative investment strategies in offshore finance destinations
02/20/2025
Endowus launches Fixed-Rate Savings in Hong Kong, offering clients access to preferential time deposit rates with leading global banks
Designed to provide market-competitive fixed returns, this new offering enables customers to maximize their savings with trusted global financial institutions.
02/20/2025
Axis Bank’s Burgundy Private and Hurun India release the fourth edition of the ‘500 Most Valuable Non-State Run Companies in India’
These companies are ranked according to their value, defined as market capitalisation for listed companies and valuations for non-listed companies.
02/19/2025
UOB’s FY24 net profit rose 6% to record S$6.0 billion
S$3 billion package to return surplus capital
02/19/2025
Ark WM identifies a shift in China wealth management strategies
The core transformation is towards a forward-looking, value-driven approach.
02/12/2025
Private banks tell clients to buy the dip on AI stocks
UBS and Standard Chartered this week urged clients to add to long-term technology holdings on any sell-offs.
02/12/2025
BNP Paribas WM: Top Five Investment Themes in 2025
The bank has proposed five major investment themes in 2025 to its clients.
02/12/2025
Citi expects social finance funding in Asia to increase by over 10% in 2025
In 2024, Citi led social finance transactions raised over US$2 billion across Asia.
02/12/2025
Standard Chartered Private Bank India CEO on the Firm’s Local and Global Family Office Strategy
As this trend takes a firmer grip and as these family offices expand their scope, they are demanding a new level of financial sophistication, access to exclusive investments, and global diversification opportunities.
02/11/2025
Koreans 51.7% content with living, least satisfied with wealth
Lotte Members, an affiliate of the Lotte Group in charge of customer management, conducted a survey of 5,000 adults to assess how satisfied they were with their lives.
02/10/2025
MAS Tightens Family Office Supervision
Last summer, finews.asia commented on how the scandal involved six family offices receiving official tax benefits, saying it would result in sustained and prolonged regulatory scrutiny.