Managers of Wealth Asia Pacific

Euroz rewards brass with bonuses after big profit turnaround

Conditions remained “difficult” last year and the rump of Euroz’s operations struggled for top-line growth, the company revealed yesterday.

Julius Baer Calibrates Team Structure

In a note to finews.asia the bank updated its latest internal moves.

‘Bad bank’ China Huarong sees interim profit soar 32.8pc

Ability to turn bad debt into profit improves, with especially strong performance from its distressed asset management and investment businesses

Private-Banking Rebates Must End

An industry group under its umbrella is reviewing disclosure requirements, the MAS said.

EFG Bank wins in Asiamoney’s Private Banking Poll 2016

It was a clean sweep for EFG Bank in Asiamoney’s Private Banking Poll, cementing a strong run that has seen in dominate in multiple categories over the past three years.

Perpetual lifts profit as funds under management falls

The ASX-listed group saw a 2 per cent decline in revenues to $489.6m.

UBS's Zeltner warns rivals of pitfalls in Asian growth push

I would still not call Asia a home market.

Goldman Sachs Asset Management in exclusive talks; Hershan to lead MBO

An announcement is expected by the end of September.

UK family office prunes bid for Sahara Hotels

The family office had put in a $1.3 billion bid for the three hotels last month jointly with unidentified Saudi Arabian and UAE family offices, an offer that Sahara had said was below the market price.

Asian Investment Trust Roars Back After a Number of Mistakes

Though the trust is headed by Adrian Lim, he is part of a big Asian investment team at Aberdeen Asset Management.

Samsung Asset Management to set up two subsidiaries

Samsung Asset Management is to establish two spinoff subsidiaries on Jan. 1.

International private banks fight to manage assets of Asia’s wealthy

The industry faces stiff challenges, with the largest players better positioned for long term survival

Bandhan Bank plans to enter wealth management services

Bandhan is also looking to recruit specialised staff for its proposed wealth management foray.

Wealth managers to see hit on back of multiple market changes

Wealth managers can improve profitability by focussing on reducing costs and better managing clients.

New Euroz linked fund eyes $500m

To fill out its new absolute return fund

Northern Trust wins two NZ Super mandates

Will distribute funds Northern Trust already invests

Product subsidies stop financial advisers being viewed as professionals

Volume rebates are typically paid by fund managers to advisers who place large sums of client money into their products.

Why HSBC Private Bank Is Bullish on Chinese Stocks

The head of investment strategy for Asia sees significant outperformance for new economy stocks over SOEs.

Union Bank teams up with Lombard Odier on wealth management

The deal is in line with UnionBank’s plan to offer a more customized wealth management.

Bank Alfalah, Careem sign agreement

The agreement will prove instrumental in strengthening and accelerating the pace of safe and hassle-free digital payments in the country.

Wealth and Asset Management