04/28/2016
Chinese Investors Left Reeling After Wealth Management Firm's Collapse
Wealth management firms like Zhongjin emerged in China in the mid-2000s to provide more financing to private businesses and better returns for Chinese investors
04/28/2016
Wealth management firms like Zhongjin emerged in China in the mid-2000s to provide more financing to private businesses and better returns for Chinese investors
04/27/2016
Growth in the number of new external asset managers and multifamily offices in Asia seems to be slowing due to the rising cost of compliance and talent, say private bankers.
04/27/2016
Private banks target the ultra-rich with higher minimum investments, but Deutsche’s Raju has a different plan.
04/26/2016
The service is available via a model which provides clients who subscribe with access to premium research insights and products previously available only to HNW clients.
04/25/2016
Another wealth management firm, Shanghai-based Jinlu Financial Advisors, has also struggled to pay back investors, causing them to besiege its office in the commercial hub.
04/25/2016
The experts also extend services to portfolio holdings in the firm's private equity funds, helping the underlying companies to grow with an aim to eventually achieving an attractive exit and return for investors.
04/25/2016
The chairman of a Chinese wealth management company whose disappearance last week sparked alarm has strongly denied taking investors' money.
04/25/2016
These days the business owner trying to pass on wealth wants to make sure his children do things they enjoy. They may look into forming a business venture to allow a son or daughter to learn about business or an area of investment.
04/25/2016
Mbmg Group has carved a niche within the country's wealth management industry - an independent offering combining investments, insurance, corporate solutions and family office services. And it charges for the quality of its advice.
04/25/2016
“Swiss private banks got a massive wake-up call in the past 10 years,” Mr Collardi said, referring to the demise of secrecy laws that were a significant selling point for Switzerland’s private banks until 2009.
04/22/2016
It’s a mistake to say private banks are scaling back in Asia, as some headlines may assert, but clearly change is afoot as wealth management units are merged, acquired and restructured all in an effort to boost profitability and remain competitive.
04/22/2016
"It is a (strategic) fit that has very little duplication," he said.
04/20/2016
The Chinese lender also sold 1 billion yuan ($154.5 million) of offshore yuan bonds in London late last year to broaden the investor base of the so-called dim sum bonds.
04/20/2016
In a megabucks deal two weeks ago, OCBC Bank snagged the wealth and investment management business that Britain's Barclays Bank has in Singapore and Hong Kong, for a cool US$320 million.
04/20/2016
Samsung Asset Management Co. has established a strategic alliance with Edmond de Rothschild Group, a leading financial group based in Geneva, Switzerland.
04/20/2016
Sanctum, which had signed the agreement with RBS in September has acquired all the necessary licenses and approvals as well as successfully managed the migration of the business, including clients and people, from RBS Private Banking, a statement said Wed
04/19/2016
The Monetary Authority of Singapore’s unexpected easing on April 14 has fueled speculation that other policy makers, concerned about a worsening global economic outlook, will follow suit.
04/19/2016
Wealth managers grapple with how to establish profitable relationships with Asia’s multimillionaires
04/18/2016
The population of Indian high networth individuals is increasing, but is their investment pattern any different from that of the aam junta? In an email interaction with BusinessLine, Jaideep Hansraj, Head-Wealth Management and Priority Banking, Kotak Mahi
04/18/2016
Swiss group aims to double assets under management to $20bn