Managers of Wealth Asia Pacific

Foreign luxury brands donate little despite booming sales

Many luxury brands reaped huge success in Korea apparently thanks to price increases and cutting down commission fees for the nation’s major department stores.

Billionaires load up on gold

And it's not just billionaires loading up on the yellow metal.

Pictet dismisses M&A as disruptive

A wave of consolidation has been widely forecast for Asia’s private banking industry, but whether this is a healthy development for the market remains open to conjecture.

ClearView books flat underlying net profit‎

ClearView on Monday booked a net profit of $22.3 million for the 12 months to June 30, 2012, up 158 per cent on the prior year's profit of $8.67 million.

Omniwealth to acquire accounting firm

Omniwealth has decided that it will acquire an accounting firm, rather than hire accountants and grow the division organically.

The World’s Richest Country

This figure is no doubt bolstered by the staggering number of millionaires in the city-state, which Knight Frank and Citi Private Wealth predict will only keep growing.

Business as usual for Standard Chartered Singapore

In a statement released on Wednesday, Standard Chartered Bank Singapore's chief executive officer Ray Ferguson said it has been "business as usual" for its operations, though some customers have raised concerns about recent developments sur

NAB Wealth claims improvements, despite lower FUM

Overall, the NAB statement noted that, on a statutory basis, unaudited net profit attributable to the owners of the company for the June quarter was approximately $1.2bn.

UBS set to diversify to tap corporate banking as deals slow

The Swiss lender has only one branch in India and is known more for its investment banking, fixed income and currency trading business in India.

China’s Young Rich: Not Top Students

According to a new list that tracks China’s young and wealthy, none of the wealthiest people born after 1980 graduated from Peking University or Tsinghua University, China’s top two universities.

Asia’s wealthy to bankers: You’re fired

That’s the message from Bloomberg, which has spotted a trend in private banking in the region that has led to a weakening of the already limited grip global banks including Credit Suisse and Citigroup have on the Asia’s private wealth.

Ten Trends Influencing Wealth Management and Private Banking in Asia - Research

The solution suite also helps financial institutions improve staff productivity through better workflow management and helps improve cost control and operational efficiency for better profitability management.

Rich Chinese reclaiming antique cabinets of their homeland

The People’s Republic of China now has the second largest economy in the world, with more than 1m millionaires.

Julius Baer bulks up in Asia with Merrill deal

Julius Baer's acquisition of the loss-making unit means that about half of all the Swiss bank's clients will be in faster-growing emerging markets - chiefly Asia but also Latin America and the Middle East - up from around one third now.

Singapore set to be major hub for family offices

A family office is a professionally run private organisation or entity that helps to administer a family’s wealth.

Estate planning: HNI’s way of bequeathing wealth

It enables smooth succession, disposition and protection of one's assets with all family members' needs in mind

Five Myanmar private banks to offer point of sale cards: official

Myanmar Apex bank, Myanmar Oriental bank, Co-operative Bank, Asia Green Development Bank and Kanbawza Bank will all offer the service.

Credit Suisse opens new private banking office in Japan

Credit Suisse announced today the opening of its new office in Osaka, adding to its existing Tokyo and Nagoya offices.

Credit Suisse opens new office in Osaka

The Osaka office is located at Hilton Plaza West Tower 16F, 2-2-2 Umeda, Kita-ku and houses Credit Suisse’s employees dedicated to serving its Private Banking clients in Osaka and the Kansai region.

German money not being sent to Singapore

Recent reports of such tax-dodging schemes have sparked a renewed outcry in Germany against a planned treaty between Switzerland and Germany designed to help Germany recoup some taxes from money held in Swiss accounts.

Wealth and Asset Management