09/03/2013
About 35,000 Global Bank Employees May Face EU’s Bonus Curbs
The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.
Wealth and Asset Management
09/02/2013
Financial services to make 100,000 millionaires by 2017
The move to financial services is likely to be fast and highly competitive.
09/01/2013
China Bank Regulator: Need More Regulation of Wealth Management Products
Mr. Shang's remarks are generally in line with those of other officials who have called for ensuring the financial system serves the real economy.
09/01/2013
OCBC unit to boost discretionary services
"We have seen [Asian] investors becoming more mature," said Renato de Guzman, the bank's chief executive. "In a discretionary business, you take a longer-term view of securities that you take in your portfolio.
09/01/2013
Religare buys Macquarie stake in wealth management JV
The 50:50 JV between the two investment banks was formed on 2007 to tap the fast-growing high networth individuals (HNI) client case
08/31/2013
The Impact of Tighter Regulations on Small Fund Managers in Singapore
"Singapore is a very strong jurisdiction to operate a fund management company from. The regulatory regime has played an important role in establishing Singapore as a world class venue for wealth and investment management.
08/30/2013
Indo-Brits Account For 22% Of UK’s Ultra-Rich Club
Super-rich Indians account for more than 20% of the wealth of ultra-high net worth
08/29/2013
UBS launches first wealth management master programme in APAC
The two-year part-time programme is aimed at providing participants exposure to in-depth and actionable expertise in client book management, client investment and client relationship management.
08/29/2013
BVI Hong Kong Office to Cost About $800K Annually for Operations
Days ahead of the opening of the BVI’s office in Hong Kong, Premier Dr. D. Orlando Smith disclosed that it will cost about $800,000 to run the facility annually.
08/28/2013
Bankers warn on Singapore shake-up
Many foreign banks came in without giving enough thought about the sustainability of the business
08/28/2013
Lombard Odier has made two appointments to the firm's Asia-Pacific team
The two executives will be Hong Kong-based and report to Vincent Duhamel, head of Lombard Odier Asia-Pacific. Both positions are new roles.
08/28/2013
Wooing The Wealthy – StanChart’s Head Of Private Banking, EMEASA
Standard Chartered Bank (SCB), which generates most of its income from Asia and the Middle East, expects its private banking unit to emulate the growth recorded in 2012.
08/28/2013
RBC Wealth Management income up 51%
Royal Bank of Canada’s profit soared to new heights in the third quarter as the bank reported record earnings of $2.3-billion.
08/28/2013
Thai expat-focussed advisory firms consider SEC regulation
These efforts are taking place as more and more other countries are increasing their regulatory oversight of financial advisers, notably including Britain, the US and Singapore.
08/27/2013
NAB continues Wealth Division Reshuffle
NAB's is reshuffling its wealth management division after revealing redundancies of key roles and has appointed a new general manager of Advice Partnerships.
08/27/2013
Asia’s Infinity Financial in major deal with UK star manager Bestinvest
Infinity says “a large percentage” of its existing clients have thus far switched some or all of their investible assets over to Bestinvest (BI), and “virtually all new clients are choosing it as their investment manager”.
08/27/2013
China Citic Bank: Holdings of Non-Standard Wealth Management Products Exceed Regulatory Ceiling
The rises in non-performing loans and the non-performing loan ratio were still within management expectations
08/27/2013
Asia – Indian Stocks Dance to the Tune of Hedge Funds
Indian stocks and currency markets shed massive weight for yet another day with bellwether index Sensex falling by 636 points
08/27/2013
Is China’s Cash Crunch Returning?
A spike in money-market rates in June raised fears about the stability of China’s financial sector.
08/27/2013
Schroders: Worst-hit emerging markets set for further losses
The two countries have been among the worst hit in the emerging markets sell-off that has followed rising yields on US bonds and talk of a US recovery.