Managers of Wealth Asia Pacific

Western Australia plans sovereign wealth fund

The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.

Hong Kong headache: UBS faces 10-fold rent increase

The bank has enjoyed a sweetheart, 10-year lease on space in Two International Finance Centre, which dominates Hong Kong's Victoria Harbour skyline, in a deal struck when the city was staggering from one of its worst economic crises.

Bendigo Wealth explores scaled advice

The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.

ANZ wealth division dogged by soft Q1

ANZ CEO Mike Smith said the soft wealth performance is a sector-wide issue.

UBS Sees 25 Asia Family Office Clients This Year

UBS AG’s Global Family Office division aims to begin serving 25 clients in Asia this year, with assets of at least $200 million each, Amy Lo, managing director and head of ultra-high net worth, Asia-Pacific, told journalists in Singapore today.

Wealth tax to span watches, paintings...

Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.

Family offices set to boom in Asia says landmark UBS and Campden study

The new study finds that the rapid growth of the number of ultra-high net worth individuals in Asia – with for example, China having the second highest concentration of billionaires in the world— coupled with the upcoming intergenerational tra

Singapore to exempt gold, other precious metals from tax

The change brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of other developed countries such as Australia and Switzerland, he said.

Wells Fargo relocates to new branch in Tokyo

Nearly 40 team members from Wells Fargo’s International group will be based in the new branch, located at Marunouchi Trust Tower Main 24th Floor, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo, Japan.

ANZ reports solid fourth-quarter results

Three Months to 31 December 2011 - solid performance; continued focus delivery of super regional strategy

BMO boosts wealth management capability in China

BMO Deepens Commitment to China with Strategic Investment in COFCO Trust Co.

Bonuses of Asian bankers likely to be smaller this year

Asian bankers are expecting their bonus payouts over the next few weeks

Chinese move to wealth products may undermine bank stability

At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.

China set to become biggest gold market

India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.

Kazakhstan to overhaul $84 billion national wealth fund

Umirzak Shukeyev’s criticisms come as a pointed attack on the fund’s management under his influential billionaire predecessor Timur Kulibayev, who is the son-in-law of the energy-rich Central Asian nation’s president.

Swiss Private Bank Chief Asian Economist Resigns

He previously worked at Fortis Bank SA and Standard Chartered

European banks look to wealthy Asians

Bankers say wealthy Asian investors are already showing interest in the new notes.

ANZ names global wealth and private banking CEO

She played a major role in ANZ's acquisition of a majority stake in ING Australia and was on the board of OnePath.

India Inc needs to improve on executive pay governance: PwC

While top executive compensation levels in India compare favorably with the West, it is alarming that pay governance is yet to find a prominent place on the board agenda, PwC said in a report on executive remuneration.

CBA profits up 19%, wealth management struggles

The CBA has recorded a statutory net profit after tax for the half year ended Dec 31 2011 of $3.624 billion, a 19% increase on the previous corresponding period, in a strong result unaided by its wealth management arm which recorded a loss.

Wealth and Asset Management