03/06/2012
The Maybank Diamante Private Client programme was rolled out simultaneously on Monday in Malaysia, Singapore, Indonesia and Brunei and is intended to provide seamless banking services to premium clients.
03/06/2012
Multinational families increasingly are turning to high-end estate and tax planners to reduce tax bills when they shift money to children living in the U.S., whether or not their kids are U.S. citizens.
03/05/2012
The initial public offering also provided a window into the burgeoning wealth in the region and the dynamics — and concerns — that many wealthy Asian families face as they contemplate succession plans and the challenges of passing their wealth
03/05/2012
The financial services industry in tax havens could suffer immensely if the proposed crackdown is carried out, according to a study from RMIT University.
03/05/2012
Prior to joining HSBC, Vohra was general manager, private bank, retail banking and wealth management for ANZ Singapore.
03/05/2012
As the Western economies continue to struggle to pull themselves out of the storm of post-crisis blues and the cyclone – the European sovereign debt situation – howling through the European Union, the weather in South East Asia looks rather ro
03/02/2012
Sovereign wealth funds off to slow M&A start in 2012
They have declared 15 deals so far, compared with 18 in the same period last year.
03/02/2012
Private banks chase Asia’s ultra rich
Bay Area banks are rolling out the red carpet for Asian money coming to the United States.
03/01/2012
China Construction Bank Keen On Buying European Private Bank
The state-run Chinese bank has been in talks with a couple of European banks on the issue, Zhu told the paper in an interview.
02/29/2012
Standard Chartered in good shape after another record year
Standard Chartered, the emerging markets lender focused on Asia, reported its ninth consecutive year of record earnings, with pre-tax profits rising 11pc to $6.8bn.
02/29/2012
Rich Indians among top philanthropists
Indian philanthropy suffers from some redundancy, the study found, with most philanthropists preferring to set up programmes through their own foundations, rather than investing in pre-existing non-governmental organizations, or programmes already in pla
02/28/2012
UBS trader Satur to start A$500 mln hedge fund-sources
Satur, who earlier headed the securities arm of UBS in Australia and the equity trading divisions in the United States, is setting up the macro hedge fund and seeking to raise up to A$ 500 million ($535 million), the sources said.
02/28/2012
HSBC Pays More For Asia / Latin American Staff
HSBC has revealed that it is coming under increasing pressure on the reward front as it undertakes more of its business in fast-growing economies like Brazil, China and India.
02/27/2012
Forbes ranks Singapore as 3rd richest nation
Using the most recent International Monetary Fund data available, Forbes said Singapore “thrives as a technology, manufacturing and finance hub with a GDP (PPP) per capita of nearly US$56,700 (SG$71,200).”
02/27/2012
HSBC Profit Surges 28%
The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments
02/24/2012
Sarasin sells NZB in bid to isolate U.S. assets
Sarasin is looking to distance itself from NZB, one of at least 11 Swiss banks targeted in the second wave of a U.S. tax probe also targeting Credit Suisse and Julius Baer .
02/24/2012
Crescent Wealth partners with US fund manager
Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.
02/24/2012
Chinese Millionaires Are Immigrating To The US In Huge Numbers
Ever since Deng Xiaoping opened Chinese doors to the world decades ago, the US has forged an important, if sometimes politically contentious, business relationship with China.
02/22/2012
HSBC To Overhaul UK Bonuses
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
02/22/2012
Chastened UBS uses 150th events to polish image
The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.