06/15/2012
EQT establishes Private Wealth division
Rimmer, most recently chief executive officer of adviser group Financial Services Partners, will take responsibility for the strategy and business development of EQT's new division.
Wealth and Asset Management
06/15/2012
7IM seeds Pacific fund
The fund is not available direct to the retail market but can be accessed through 7IM model portfolios.
06/15/2012
India replaces Spain as top 10 wealth market - Datamonitor
Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.
06/15/2012
Wealthiest Singapore Businesses Keep it in the Family
Singapore company registration specialist Rikvin is optimistic that the latest findings in the "Global Wealth and Family Ties" report may influence more people to create their own fortunes through setting up their own or family-run enterprises i
06/14/2012
Expats ‘chasing their fortunes’ in China
Sixty-nine per cent like the career advancement the country offers them, while a much lower proportion enjoy the exciting culture (48 per cent) and the Chinese people (43 per cent).
06/14/2012
HK regulator bows to private banking demands
Private bankers in Hong Kong had sought rule changes to address concerns that the city is falling further behind Singapore – the leading Asian wealth management centre – particularly as more wealthy Chinese look to move their money outside the
06/14/2012
EQT establishes Private Wealth division
Equity Trustees Limited has established a Private Wealth Services division under the leadership of newly recruited executive, Geoff Rimmer.
06/13/2012
RBC eyes emerging markets wealth management deals
The business, located in Europe, the Middle East, Latin America and Asia, is expected to cost $1.5-$2 billon.
06/13/2012
Bankers Launch Innovative Retreat for Burned Out Executives
The Legacy Process provides coaching and runs a week-long residential Legacy Retreat held in the bucolic environs of the Mornington Peninsula, Australia.
06/13/2012
China's wealth management industry has bright future
The wealth management industry has huge potential in China, but it needs to learn from international experience, China's top securities regulator said recently.
06/11/2012
Growth in Philippines wealth management industry
The Philippine financial and economic managers seek ways and innovations to provide impetus for growth and open more opportunities in the fledgling wealth management sector.
06/11/2012
Regulations in Asia possibly preventing 20-25% growth in wealth management industry
Asia leads the way for growth and drives growth for other countries said Steven Crosby of PwC New York during a recent presentation in the Cayman Islands.
06/11/2012
New Sebi rules for pooled investments meant for HNIs
As an HNI you may search for unique investment opportunities through structures, hedge funds or specific private equity (PE) funds. The new regulations mean that you can take that extra risk knowing that there is a framework that guides the manager and a
06/11/2012
Credit Suisse Completes Acquisition of HSBC's Private Banking Business in Japan
This acquisition enables Credit Suisse to further scale and enhance its wealth management capabilities in Japan and clients will be able to benefit from the expanded coverage provided through additional offices in Osaka and Nagoya.
06/11/2012
China's first self-regulating fund association inaugurated
"It is urgent for China to establish a strong wealth management industry and the founding of the fund association is at the right time," said Guo.
06/11/2012
Middle East wealth switching to Singapore
Europe has been the place where rich Middle Easterners have traditionally stored wealth, but their focus is shifting east, with Singapore a particular beneficiary, agreed a panel of wealth managers.
06/11/2012
Only 19% of treasure assets owned by wealthy individuals globally are held for financial motivations, according to new Barclays report
Only 19% of treasure assets - which include items such as precious jewellery, fine art, antique furniture, classic automobiles and precious metals - are held for financial motivations , according to the latest report in the Wealth Insights series from Bar
06/11/2012
India can be looked at as favorable destination by wealth management firms: report
The rapidly growing base of high net worth individuals (HNWI) in India is expected to provide attractive investment opportunities for wealth management firms, according a new report from BRICDATA.
06/08/2012
CSRC's Guo sees a new dawn for wealth management sector
Sun Jie, formerly a CSRC official in charge of regulating the fund business, was elected as chairman of the new association.
06/08/2012
Canadian Banks Eye Asia for Growth
Impressed by Asia's quick rebound from the global economic downturn that began in the year of 2008, many a Canadian bankers are confident Asia has great potential for developing lucrative wealth management business.