07/08/2019
Deutsche Bank Slashes 18000 Jobs in $8.3 Billion Overhaul
This is a restart for Deutsche Bank – for the long-term benefit of our clients, employees, investors and society.”
Wealth and Asset Management
07/05/2019
HSBC Global Head of Premier & Jade Bonnie Qiu on what0 Singapore’s affluent really want
For one, she designs her own jewellery — the magnificent rubies adorning her ears are sourced and design by Qiu herself — and she is looking at starting her GIA certification courses soon.
07/04/2019
Maybank Asset Management launches Global Mixed Assets-I Fund
In seeking to achieve its investment objective, the fund invests in a portfolio of Shariah-compliant mixed assets such as global equities, global sukuk, other diversifying assets and cash, the statement added.
07/04/2019
HSBC Expat survey sees Switzerland leapfrog Singapore to number one
Singapore remains the best destination for those relocating with children largely on the back of its well-regarded education system, job stability and opportunities as well as the quality of life it offers.
07/03/2019
Clime ramps up private wealth
"Our top priorities are building the private wealth advisory business and supporting financial advisers with Clime's quality investment products and lastly, acquisition opportunities as they arise" Bristow told Financial Standard.
07/03/2019
SS&C Technologies and FNZ heat up GBST bidding war
Just hours after GBST revealed SS&C Technologies had beaten out local company Bravura's $3-per-share non-binding proposal by putting forward a $3.25-per-share offer, Street Talk revealed FNZ had swooped in with a $3.50- per-share offer.
07/02/2019
Consumer sector to remain resilient in 2H2019, says HSBC Private Banking
HSBC Private Banking chief market strategist in Southeast Asia James Cheo says the firm projects that in 2030, the biggest economy in the world will be China
07/01/2019
RPT-Wealth managers head to Singapore as China concerns dim Hong Kong's lure
Move comes as some HK tycoons start moving wealth offshore
07/01/2019
How GenNext Is Changing Wealth Management Scenario In India
Willingness to give rules-based mandate to the wealth manager to manage money and free up time and energy from day-day decision-making and execution
06/28/2019
Wealth manager sells majority stake to LGTWealth manager sells majority stake to LGT
LGT is taking a controlling majority stake in Validus Wealth, with the remaining shares to be retained by the company’s existing management team.
06/27/2019
Real Asset Management wins IMAP award for second year in a row
Real Asset Management won the fixed income category of the awards for the second year in succession at the ceremony in Sydney last night.
06/27/2019
HSBC raises over US$250m for its first private equity 'Vision' fund, with almost half from Asia
Vision 2019 is the first of a new programme of annual Vision funds, and HSBC said it has proven popular with clients looking for diversified private equity solutions, as well as those wishing to meet their annual asset allocation requirements in private e
06/26/2019
Australian asset manager Pinnacle in 'lift-out' talks with UK boutiques
In talks to acquire stakes in British firms
06/26/2019
Chi Man Kwan: «We Are Looking at Taking Over Smaller Asset Managers»
The discrepancy applies to all three stakeholders in the industry – clients certainly, but also regulators and financial institutions.
06/26/2019
OnePath awards $210m in mandates
The fund's internal portfolio management team reviewed UBS as the underlying investment manager and decided to replace it earlier this year.
06/26/2019
India becomes an investment hub for sovereign wealth, pension funds
Indian Prime Minister Narendra Modi’s election win last month consolidated his Hindu nationalist party’s power base and is expected to stimulate further foreign investment.
06/26/2019
MLC Wealth’s Geoff Lloyd steps out from the shadows
NAB, MLC’s current owner of 18 years, has announced plans to exit the business via a sale or initial public offering, but whether the wealth manager ends up listed separately on the ASX, in the hands of private equity, or under the wing of another f
06/25/2019
Labuan IBFC targets China outreach via Tricor Group partnership
We are excited to further our cooperation with Tricor to expand Labuan IBFC’s value proposition to the Greater China region
06/25/2019
Bank of Singapore to buy Malaysian fund manager
The OCBC subsidiary aims to address Malaysia’s growing population of wealthy.
06/25/2019
68% of HNW investors want to help create a better future through sustainable investing
Returns take a backseat as investor motivations evolve