Managers of Wealth Asia Pacific

Meet the average Chinese millionaire: 39, plays golf, and owns an iPad

There are now 1,020,000 millionaires in China–a national record–and 63,500 “super-rich” Chinese.

OCBC private banking reports AUM increased by 20%

As a share of total revenue, wealth management contributed 26%, unchanged year-on-year. OCBC’s private banking business continued to expand, with assets under management growing 20% year-on-year to US$36 billion (S$45 billion) as at 30 June 2012.

Private banking: Wonder of world wealth

The global banks are allocating more resources to private banking and wealth management in a bid to capture the growing wealth globally and switch to more stable fee-based revenues.

Asian Millionaires Firing Private Bankers Take Control of Wealth

That makes him a target for wealth managers in Singapore, the private-banking capital of Asia.

Standard Chartered 'a bridge between East and West' as profits jump 9pc

Standard Chartered said in its results statement that it has assisted clients in UK, Europe and the Americas, who are suffering with a debt crisis and government austerity measures, "to access the growth markets of Asia".

Asset Allocation Report - Rothschild

Is gold set to shine once again?

Barings snaps up South Korean boutique for Asian push

EIAK has a comprehensive asset management license which allows it to offer a full range of products and services to the Korean market.

Australian Trustees forms Private Wealth Solutions business

The new division would come into effect from the beginning of August.

S'pore banks to report sequentially lower Q2 profits

Analysts said they are not expecting any major surprises and expect earnings to a be somewhat the same as in the previous quarter.

China's banking sector faces increasing risks

As competition for deposits has intensified, Chinese banks — particularly small non-state-owned entities — have been rapidly expanding their WMP offerings, Fitch said in a report released on July 27.

UBS confident in net new money despite challenges‎

In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.

Millionaires reach the million mark

And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.

World’s Richest Gain $15.2 Billion as Global Markets Rise

The richest people on the planet added $15.2 billion to their collective net worth this week as global markets rose on speculation that Europe will move to ease borrowing costs in Italy and Spain.

Private client stockbrockers are failing to satisfy affluent and wealthy customers

The survey of almost 2000 individuals also found that those using a full-service stockbroker gave the firm only an average score.

More $$$ to manage

Citing a private bank in Europe, Lim said it had 32,000 high net worth customers in Malaysia as of September 2011 and the number is forecast to grow to 68,000 by 2015.

Luxury brands reap bonanza in emerging Asia markets

Company bosses even expressed confidence that year-end figures would show continued growth.

JP Morgan Private Wealth Management carves niche in Singapore and Asia

But Peter Flavel, the bank's chief executive for Asia, is determined to expand that clientele, setting his sights on the segment just below the ultra-high net worth - that is, catering for account sizes of between US$10 million and US$30 million.

Singapore's rich grow wealthier, says Forbes Asia

Singapore's 40 richest are now collectively worth US$59.4 billion (S$74.5 billion), up 9 per cent compared with the previous year.

Bank of Ayudhya rebrands private banking ops, eyes rich young clients

Executive vice president Kris Chantanotoke said these trends were increasing in Thailand in line with the rest of Asia-Pacific, driven mainly by growing numbers of new entrepreneurs and business successors.

Benefits of social media to the wealth management industry

There are an almost unlimited number of benefits to incorporating social media into your overall marketing/business development strategy.

Wealth and Asset Management