10/14/2015
UBS launches funds onto mFund
UBS Asset Management has launched its funds onto the ASX's mFund settlement service, adding 11 core funds.
Wealth and Asset Management
10/13/2015
OCBC Bank's wealth management business doing well
Wealth management income is slated to make up 30 per cent of group income in 2015, up from 23 per cent in 2011.
10/13/2015
Rising affluence makes Singapore fertile ground for private banking, wealth management
OCBC Group says it expects its wealth management business to stay resilient, despite external headwinds, and is projecting continued annual double-digit growth for its assets under management.
10/13/2015
OCBC sees China driving wealth management business
OCBC Bank expects China to continue to be a key driver of the group's wealth management business, particularly given the country's plans to further deregulate its capital markets.
10/11/2015
Standard Chartered to axe senior jobs
A source said the bank is expected to slash about 1,000 positions, with redundant employees to be notified by the end of next month.
10/10/2015
India's Kingfisher Billionaire's Homes Raided For Not Paying His Bills
The company has no assets.
10/09/2015
Russell Investments sold to fund management specialist
Russell Investments will become the 20th fund management firm TA Associates has owned since 1993.
10/08/2015
China's Fosun on the prowl for European takeovers
Europe is not the only destination for Fosun, which has invested more than $5 billion in the United States and $500 million in Japan.
10/07/2015
Lombard Odier to Hire Private Bankers to Grow Japan Wealth Unit
Foreign banks are competing with local lenders to manage the assets, seeking to generate higher fees as low interest rates depress their income from loans.
10/07/2015
Independents Take On Asia’s Top Private Banks
Firms that offer private bank services but with upfront fee disclosure are taking root in Hong Kong.
10/06/2015
Monex announces full-scale launch of wealth manager Nippon Wealth in Hong Kong
Nippon Wealth has formed a structure for banking and securities services in Hong Kong and will start full-scale operations on October 12, 2015.
10/05/2015
Tycoon Li Ka-Shing in war of words with Beijing (VIDEO)
No one represents Hong Kong rags-to-riches more than Li Ka-shing.
10/05/2015
Credit Suisse revamp to boost Asia, cut jobs in Zurich -paper
Thiam began a strategy review after taking over on July 1 and signalled he wanted to focus on banking for the world's wealthy, particularly in Asia, and move away from riskier securities.
10/05/2015
Asian wealth moves global property prices
Asian money today accounts for a far greater proportion of capital in global property markets than a decade ago – and the flow does not appear to be abating, particularly into prime assets in tierone cities.
10/05/2015
Swiss to publish first list of dormant assets in December
The list would be published by the Swiss Banking Ombudsman after compiling information from all Switzerland- based banks
10/05/2015
What's worrying Hong Kong's wealthy right now
Millionaires are not hard to come by in Hong Kong, so the recent wild ride in global stock markets has thrown up serious challenges for what is a reasonable-size chunk of the population.
10/05/2015
Credit Suisse boss looks to entrepreneurs for Asian growth
Credit Suisse is currently the fourth-biggest global player in private banking
10/05/2015
Morgan Stanley Private Wealth Management Launches New Coffee Table Book: If…Stories of Philanthropy
Showcases seven remarkable philanthropists making a significant difference in the world
10/02/2015
Banks looking to attract millennials into premium services
Wealth managers are looking to attract young professionals earning more than S$6,000 a month, hoping that as their careers develop, they will eventually upgrade to more premium banking services.
10/01/2015
Deutsche Bank Would Cut Yuan Risk From China Stocks With ETF
The fund, which will track a hedged version of the CSI 300 index, will mitigate its exposure to the Chinese currency using one-month forward contracts on offshore-traded yuan.