Managers of Wealth Asia Pacific

Christie's to auction S'pore artists' works

Some of the paintings feature scenes of Singapore from a time long gone

Australian wealth manager sets sights on growth

"We will consider merger and acquisitions that deliver additional value without exposing shareholders to excessive risk."

Westpac signals continuing focus on wealth

In doing so, it said that in terms of growth it would be "building on its strength in wealth through increasing focus on superannuation and insurance, investing in developing a next-generation wealth platform and increasing the number of advisers&

StanChart private bank to focus on super-rich clients

The British bank typically defines such clients as those who have $25 million invested with the bank, and who are thought to have assets of at least $100 million; the industry refers to such clients as the ultra-high net worth (UHNW) category.

HSBC raises money laundering provisions by $800m

However, the bank said underlying profits in the quarter had increased.

French asset manager opens in Hong Kong

The French asset manager brings its multi-boutique offering to the territory, adding to its five other Asia-Pacific offices.

Singapore DBS Q3 profit up 12 pct

The bank's net profit surprisingly exceeded its second-quarter figure as well, bolstered by strong fee and commission income amid gains in investment banking and wealth management.

Soft luxury faces up to hard times

Do brands diversifying into watches and jewellery risk diluting their image?

Bank of New Zealand cash earnings see double digit jump

BNZ CEO Andrew Thorburn said: "This is a strong result for BNZ, underpinned by sound fundamentals, and ensures BNZ can go on making a very significant contribution to the New Zealand economy.

Tata MF plans realty fund, to target HNIs

Tata Mutual fund will use its network to tap high net worth investors across the country

Chinese Private Banking Report 2012 - RESEARCH

China is Asia’s most important high-net worth (HNW) market contributing to over 50% of the region’s growth by 2015.

HSBC restructuring wealth management business in India

HongKong Shanghai Banking Corp is restructuring the consumer banking and wealth management business of its India operations, a top executive told ET.

ABN Amro back from the brink

“The new bank focusses on being a universal banking model in the Netherlands.”

NAB profits dip $1.1bn, adviser numbers rise

NAB has announced an annual profit decrease of 21.8%, but its wealth division has proven to be one of the year’s star performers.

Brand new Wealth Management Centre now in service

To meet the diverse needs of customers, the high net-worth customers in particular, the Centre provides a comprehensive range of professional and premier Wealth Management services.

Asia’s souring debt a threat to StanChart magic

This comes as bad debt levels begin to rise from near record lows across Asia.

Why private banks, asset houses must build a bridge

Senior distributors recognise the need to drive fund penetration in Asia. The big question is how they can work together more efficiently to make the industry more appealing.

UBS' 10000-job cut plan to hit India

UBS AG, Switzerland’s biggest bank, boosted its profitability goal and announced plans for about 10,000 job cuts as Chief Executive Officer Sergio Ermotti scales back the investment bank to focus on wealth management.

UBS Australia escapes global staff axe

UBS Australia has escaped the purge of global employees by the Swiss lender, with no local jobs expected to go in one of the biggest culls of banking jobs since the implosion of Lehman Brothers in 2008.

Investors are too focused on executive pay: BlackRock

“I think pay takes up a disproportionate amount of boards' time,” BlackRock's head of corporate governance and responsible investment for Asia Pacific, Pru Bennett, said, according to The Australian.

Wealth and Asset Management