06/01/2012
Canadian Imperial Bank of Commerce has agreed to sell its standalone Hong Kong and Singapore-based private wealth-management business in a deal set to close by early next year, the bank said in its earnings release Thursday.
06/01/2012
According to the report, the growth of global private wealth slowed down to 1.9% in 2011. The increase was considerably weaker than in the past two years. Global wealth grew by 9.6% in 2009 and 6.8% in 2010 but the euro zone crisis and a near default on U
06/01/2012
Players says investors are flocking to this space as equities are not doing too well and real estate still offers 10-12% returns
05/31/2012
The new entity will be named UBS (China) Ltd., and is scheduled to start operations in Q3, the bank said in a statement.
05/31/2012
A driver of Canaccord’s acquisitive strategy was management’s concern at missing out on high-margin M&A advisory fees due to a lack of scale.
05/31/2012
Swiss advisory and fiduciary service firm opens first Asian office
Veco Invest (Asia) is headed by managing director Peter Lee, who brings to this role more than 20 years of experience in investment and banking.
05/31/2012
Barclays has announced that it has appointed Rickie Chan as Market Head, Hong Kong, to its wealth and investment management division
05/31/2012
Manulife Financial Corp. and AIA Group Ltd. are among companies that were invited to make second- round bids for ING Groep NV ’s Asian insurance business, said four people with knowledge of the matter.
05/31/2012
. Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
05/30/2012
The services will include advice in the areas of succession planning, asset preservation, asset consolidation, and philanthropy.
05/30/2012
But the bank is not aiming at the usual private banking clients — those who have attained a very high net worth.
05/30/2012
The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.
05/30/2012
The British bank has backed the US$6 million (S$7.6 million) event since 2006. But this year's event at Sentosa Golf Club in November will be its last.
05/30/2012
The bank is unlikely to get into retail banking due to tough competition from local banks, the paper said.
05/30/2012
Baring Asset Management plans to launch the Dynamic Asia Asset Allocation fund at the end of the month, a vehicle created to capture low volatility equity-like returns from the region.
05/29/2012
Most of us would have no trouble picking out the well heeled in our midst, but identifying what puts them into the wealthy club has become more subjective than ever.
05/29/2012
World's Wealthiest Women - research
The richest women may span the globe, but two of them come from the same family
05/29/2012
London- based jeweler Plans Asian Expansion After $1 Billion Offer
Demand for high-end diamonds will grow in China and other Asian countries as the "super rich" increase, Chief Executive Officer Francois Graff said at a press conference in Hong Kong yesterday.
05/29/2012
SOME of Australia's top wealth managers are telling investors now is the time for a smarter -- though not larger -- allocation to fixed interest.
05/29/2012
Financial Standard has today launched FS Private Wealth: The Journal of Family Office Investment.