05/09/2023
Chiman Kwan: «Crisis Forced Them to Recognize the Importance of Diversification»
As a result, many of them have been forced to review their risk management strategies and explore a broader range of investment options.
Wealth and Asset Management
05/05/2023
UHNWs increasingly open to DPM structured products, says RBC WM
The Canadian private bank is planning to offer more structured products and a hybrid advisory model to increase stickiness among its Asia-based clients.
05/03/2023
First-quarter net profit rises 43% to SGD 2.57 billion while return on equity increases to 18.6%
Both at new highs, from higher net interest margin, sustained business momentum and resilient asset quality
04/28/2023
CIMB Private Banking named best domestic private bank by Asiamoney
CIMB Private Banking is strategically positioned to continue to service this segment covering both their individual and corporate investment needs
04/27/2023
UOB’s net profit surges on wealth management rebound
Fee income registered double-digit 14% growth, led by wealth management, says the bank.
04/27/2023
UBS Asia heads book Australia trip to meet Credit Suisse bankers
Credit Suisse insiders were buoyed by the developments, and view the trip by the UBS executives as a further commitment to Australian wealth management.
04/26/2023
HSBC’s private bank in Asia expects strong net new inflows in 2023
Net new invested assets came to US$15 billion, compared to net inflows of US$14 billion in 2019.
04/26/2023
Fidelity raises $157m for first onshore China fund launch
The asset manager hailed the RMB 1.08bn ($157m) raised for its debut China equity fund ‘amid tentative investor sentiment’, with a fixed income product in the pipeline.
04/25/2023
Asia contributed strongly to Citi’s first quarter earnings.
Citi has now announced actions for all our consumer markets we are exiting in Asia
04/25/2023
BNP Paribas launches wealth unit in Thailand
Based in Bangkok, Peter will head up an onshore team of wealth managers.
04/24/2023
Hong Kong’s New Incentives for Family Offices
Despite its traditional appeal as a hub for family offices, Hong Kong has faced a mix of challenges in recent years, including political turmoil and the pandemic management, leading some family businesses to relocate to neighboring Singapore.
04/24/2023
Julius Baer Launches Asia’s First Family Wealth Planning Certificate Programme for its clients
This programme aims to equip its clients in Asia with the skills necessary to better navigate cross-generational transitions.
04/24/2023
HSBC named best int’l bank in PH by Asiamoney
Over the years, HSBC Global Private Banking has supported international business owners, entrepreneurs and their families to manage, protect and growth their wealth across generations.
04/20/2023
Deutsche Bank Targets Asia’s Rich as Credit Suisse Clients Flee
The bank is targeting entrepreneurs with investible assets
04/20/2023
Julius Baer Launches Asia’s First Family Wealth Planning Certificate Programme for its clients
The Bank aims to equip its clients and their Next Generation with the necessary skills to navigate cross-generational transitions
04/20/2023
Julius Baer unveils new 100,000 square foot office at Two Taikoo Place as it gears up for growth in Hong Kong
Expansion signals commitment to Hong Kong as a core market and dedication to nurturing a diverse, talented workforce to serve clients in the region.
04/20/2023
Chinese cities add millionaires at fastest pace globally as Hong Kong falls behind Singapore
Chinese and US cities dominate the top 10 list of cities with the fastest growing millionaire pools over the past decade
04/19/2023
AMP wealth management AUM grows $2bn
The MyNorth platform reported AUM of $62.8 billion, an increase of $1.5 billion compared to the Q4 2022 AUM of $61.3 billion.
04/19/2023
Ping An Asset Management Company statement on HSBC Group Plc
Exited some business lines: Announced exits of some ex-Asia business lines that were underperforming and/or lacked synergies, such as US retail and Canada.
04/19/2023
Labuan IBFC records laudable growth despite challenging economic backdrop
The jurisdiction’s key focus areas of Islamic finance, captives and digital financial services record significant achievements