06/17/2014
China has laid out a map to reform its asset management industry—one that analysts say could one day give foreign money managers more control of local joint ventures managing Chinese retail investors’ money.
06/16/2014
Wealthy Asians are increasingly wary of letting banks look after their money and would rather use smaller asset managers instead
06/13/2014
SMBC Trust Bank to expand services for Japanese HNW's
SMBC Trust Bank Ltd. seeks to boost headcount from 170 through hiring as well as transferring staff from Sumitomo Mitsui’s core banking unit, Executive Director Chiharu Yamada said in an interview on June 11.
06/13/2014
Nomura launches new Wealth Management business division
A new Wealth Management business division will be established within the firm’s Retail division, integrating the current Japan Wealth Management Group with the Asia Wealth Management business.
06/11/2014
Geneva’s oldest bank Seeking 20% Asset Growth in Asia
Asian assets at Geneva’s oldest bank, which employs 40 private bankers and manages $8 billion in the region
06/11/2014
Nomura Asset Management launches in Middle East
The firm also manages GCC stocks through its Arabian fund which was first distributed to Japanese retail investors in 2007 as well as its Frontier and Emerging Market funds, and maintains a positive long term view on the region.
06/10/2014
Malaysia has announced a raft of measures to strengthen its capital markets, including steps to facilitate the entrance of foreign firms to the local asset management industry.
06/10/2014
Couple that with a region now experiencing greater economic pressure than it has for many years, and the outlook could appear grim.
06/10/2014
China Riches Fuel Asia as World Wealth Tops $150 Trillion
"In nearly all countries, the growth of private wealth was driven by the strong rebound in equity markets that began in the second half of 2012," the firm said in its report.
06/10/2014
Family offices are often compared to sovereign wealth funds or hedge funds.
06/10/2014
Swiss Asia is an incubator of hedge funds and in the last year has added eight new funds
06/10/2014
Lombard Odier Private Bank Seeking 20% Asset Growth in Asia
Rich Chinese helped make Asia the fastest-growing region for affluent families last year
06/09/2014
The passion shown by China’s super-rich for settling down abroad and obtaining overseas passports has reached a record high, a report says.
06/06/2014
The WealthBriefingAsia awards recognise the very best operators in the private client industry
06/05/2014
The company has already indicated it is looking to bed down one or two more acquisitions
06/04/2014
South Korean lenders are reaching out to wealthy Chinese customers as they seek new growth engines amid ultra-low interest rates and lackluster demand on their home turf.
06/04/2014
The firms also expect wealth to be unlocked by companies through public offers, the sale or purchase of assets and money being raised through various financial products to expand business.
06/04/2014
Wealth managers beef up advisory team as risk appetite of HNIs & cash-rich business families to surge
The firms also expect wealth to be unlocked by companies through public offers
06/03/2014
The shift comes as tension is simmering over China’s role in Hong Kong’s political system
06/02/2014
Subsidiary last year swung to an operating loss of $162m — compared with a profit of $164m in 2012