05/31/2012
UBS turns Beijing branch into wholly-incorporated bank
The new entity will be named UBS (China) Ltd., and is scheduled to start operations in Q3, the bank said in a statement.
Wealth and Asset Management
05/31/2012
Canaccord Financial Lured by Eastern Promise
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 Hires Hong Kong Market Head
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 Said in Second Round of ING Asia Insurance Bidding
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
Wealthy clients turned tables on UBS and staff?
. 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
RBS unit launches wealth planning services
The services will include advice in the areas of succession planning, asset preservation, asset consolidation, and philanthropy.
05/30/2012
Banks in Asia Target the ‘Emerging Affluent’
But the bank is not aiming at the usual private banking clients — those who have attained a very high net worth.
05/30/2012
China's ICBC wants to be major bullion market maker
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
Barclays not renewing sponsorship of golf Open
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
Morgan Stanley set to expand wealth management offerings in india
The bank is unlikely to get into retail banking due to tough competition from local banks, the paper said.
05/30/2012
Barings to launch dynamic Asian vehicle for Khiem Do
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
Are you rich or not?
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 Australian wealth managers are advising a smart move into fixed income
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
FS Private Wealth launches
Financial Standard has today launched FS Private Wealth: The Journal of Family Office Investment.
05/29/2012
Fisher Investments makes Australian move
"We feel our top-down, macro-driven equity strategies offer unique investment solutions to the Australian marketplace. Interest has been strong.
05/29/2012
10 years to solve wealth distribution issues
A Chinese social studies expert said he has confidence in a wealth distribution reform that is likely to be launched later this year in China, but warned that a complete solution will require more time.
05/29/2012
Tax concerns see hedge funds fleeing India
From Precy Dumlao, Opalesque Asia – Hedge funds and several foreign institutional investors have packed up their bags and left India on concerns over the proposed tax rules that India plans to implement that could impact on their investments.