05/30/2018
Private banking in Asia – time for a behavioural paradigm shift?
As markets rose across the globe, so did economic activity and so did the wealth of the wealthy.
Wealth and Asset Management
05/30/2018
UBS Wealth in big hedge fund push
The firm’s recommended allocation is indeed big compared to other private banks.
05/28/2018
Nikko AM adopts Bloomberg's portfolio and risk analytics platform
The platform also comes with an automated reporting function, which the company says will help its institutional clients cut down on the manual work required to produce reports, thus saving time and boosting productivity.
05/27/2018
Wealth management most fragmented in global finance
Swiss banks ‘best placed’ in industry ripe for consolidation, JPMorgan says
05/25/2018
Morgan Stanley Sees China's Tier-2 Cities Driving Wealth Gains
Sees new demand from rich in China’s second-tier cities
05/25/2018
Morgan Stanley sees China’s billionaires fuelling its Asia wealth business
In the past, China’s billionaires came mostly from established cities like Beijing, Shanghai and Guangzhou.
05/24/2018
Schroders invests in WeInvest
Asset management house Schroders is taking a minority equity stake in Singapore-based digital wealth services outfit WeInvest. Terms of the deal, set to be completed in June, have not been disclosed.
05/24/2018
Julius Baer Wealth Report update: Shanghai maintains top spot as most expensive city for luxury wine in Asia; Hong Kong most competitive
The report also examines the increasing sophistication of the Chinese wine consumers, and explores fine wines as an alternative investment.
05/23/2018
UBS Rises to JPMorgan's Top Bank Pick in Wealth Management
About 60 percent of UBS’s invested assets come from ultra-high-net-worth individuals.
05/23/2018
Offering wealth management into the UK out of Asia after Brexit
Brexit will have significant ramifications for the Financial Services Industry in the UK, and will undoubtedly result in a number of regulatory changes for wealth management businesses involved in cross-border sales to the UK.
05/23/2018
Julius Baer reveals record AUM and Asia growth plans
Assets under management at record CHF 401 billion – Robust net new money inflows – Gross margin improvement driven by step-up in client activity – Cost/income ratio (2) inside target range
05/22/2018
Japan’s rich targeted in offshore joint venture
BOS hopes the memorandum of understanding will raise its profile among Japanese ultra-high and high net worth individuals.
05/22/2018
Chinese banks up the ante to lure millionaire clients from overseas private investment houses
More than 60 per cent of mainlanders with personable investible assets worth in excess of US$1 million now hold those offshore, and 10 per cent of that by value are handled by foreign banks
05/22/2018
From Teslas to rust belts: China’s yawning wealth gap
China’s rich-poor divide has narrowed by about half by some measures but there’s still a big difference between life in a top-tier city and the hinterland
05/22/2018
StanChart's digitalisation push nets more customers
The bank's wealth management business is growing at a healthy clip, he said in a recent interview.
05/22/2018
Japan’s rich targeted in offshore joint venture
SMBC Trust Bank is a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation - Japan’s second largest bank by assets.
05/21/2018
ANZ Sells Another Asian Asset
ANZ Royal Bank will be acquired by a Japanese financial holding company, J Trust, ANZ said in a media statement.
05/21/2018
Standard Chartered Seeing Results in Digitalisation Move
Singapore is also Standard Chartered's second-biggest market, after Hong Kong.
05/21/2018
Singapore's wealth management business dominates Asian competition
According to a report, Singapore and Hong Kong both rank well for competitiveness but have slight weaknesses in ’provider capability’
05/21/2018
Addressing the need for a holistic approach to wealth management
It is increasingly important today given that their wealth is now very diverse.