11/01/2016
The Association of Independent Asset Managers of Hong Kong expects its membership to double in the coming year, as private bankers continue to break away from institutions to establish their own operations.
10/31/2016
The businesses in Singapore, Hong Kong, China, Taiwan and Indonesia, will be sold for around S$110 million ($80 million), in a deal that underscores how smaller players in private banking are being squeezed out due to lack of scale.=u=[;6-----------------
10/27/2016
Expenses for NAB Wealth dipped 4%, reflective of lower regulatory and compliance spend combined with firm control of discretionary costs, according to the annual report.
10/25/2016
The sale could fetch between $300 million and $350 million, or 1.50-1.75 percent of assets under management, senior M&A bankers said, citing valuations for similar deals.