Managers of Wealth Asia Pacific

NAB wealth division reports flat earnings

The National Australia Bank wealth division has reported flat earnings in the first results following the appointment of Cameron Clyne as chief executive.

Standard Chartered Q1 Operating Profit Falls

The following commentary on the Group’s first quarter performance excludes the impact of the UK bank levy, estimated to be around US$350 million for the full year, and the Own Credit Adjustment. Unless otherwise stated, all comparisons will be made

India: Groups of high networth individuals make the best of slowdown in home sales

High networth individuals are making the best of the slowdown in home sales.

Quarterly Profits at Asian real estate fund management company up 6%

The asset manager reported its first quarter earnings on Wednesday where net profit increased 6% year-on-year to S$17.8 million.

Korean Banks Struggling in Overseas Private Banking Markets

Those that have launched wealth management and private banking programs for foreign customers have already withdrawn their business, and the others are postponing their plans.

Singapore: More banks issuing exclusive credit cards

As Singapore's status as a wealth management hub continues to grow, more private banks are coming up with exclusive by-invitation-only credit or charge cards to woo the ultra high net worth individuals.

Wealth unit changes tipped to hit three of big four banks

New rules phasing out capital benefits received by ANZ, National Australia Bank and Commonwealth Bank from debt held on the balance sheets of their wealth subsidiaries are likely to dampen long-term returns

HSBC profits dip as wealth management revenues fall

HSBC, Europe’s largest bank, said first-quarter profit fell 20 per cent, as gains from asset sales dwindled and investment- banking revenue slipped.

UBS Wealth Management profits up

BS delivered a solid first-quarter performance despite a volatile operating environment. Every one of UBS's business divisions and regions was profitable, reflecting the firm's successful strategy and the strong positions it has created both fro

Foreign banks exiting wealth management biz in India

Foreign banks are exiting the wealth management business in India as they find the market too small and unprofitable in the long run given the stiff regulations.

Global citizenship catching fancy of super-rich in India, China: Report

Global citizenship is becoming popular among the world's ultra wealthy and an increasing number of super-rich from Asia's two giants China and India are likely to trend this path in the coming years

Leading ME bank Launches Global Wealth Management Service In Singapore

One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.

CEO behind potential merger talks on deal

Vow Financial chief executive Tim Brown has confirmed wealth management company Yellow Brick Road's ASX report regarding market speculation.

Platform error forces NAB to pay further compensation

A review of NAB Wealth's Navigator platform has revealed that the bank made a mistake when calculating compensation to 43,000 clients in 2012.

Australia: New reports to stir financial planning perfect storm

Rantall said that financial planning will continue to be in the front pages of the newspapers

India: Private wealth managers a divided lot on election play

Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.

Labuan IBFC targets up to 12,000 firms by year-end

Having breached the 10,000 mark for the number of companies at the end of 2013 to 10,638, Labuan International Business and Financial Centre is hopeful of growing the number further by 9% by the end of this year.

Certitude selects BNP Paribas

Certitude Global Investments has handed BNP Paribas Securities Services a key mandate.

US-based wealth management giant closes financial planning division in India

The spokesperson clarified that only the financial planning arm of the company was being shut down

Wealthy Chinese investors stage protest over trust default

For millennia China’s poor and downtrodden have taken their grievances to the capital to seek redress from their rulers.

Wealth and Asset Management