Managers of Wealth Asia Pacific

BofA Ditches the Middle Class

BofA’s non-U.S. business reaches out to “mass affluent” clients whose wealth is measured in hundred of thousands of dollars, rather than its ultra-wealthy clients worth tens of millions.

Chinese flying high as demand grows for private jets

The government first allowed people to own and fly private aircraft in 2003; now there are between 130 and 150 mainland-registered private business jets in China, and the market is set to increase tenfold in coming years.

Wealthy foreigners can’t ‘buy’ PR status anymore in S'pore

Wealthy foreigners who want their PR application expedited will now have to apply under a different scheme for well-heeled entrepreneurs from abroad who invest in businesses here.

Singapore sovereign wealth fund targets UK property

Singapore's sovereign wealth fund is preparing to buy up swathes of distressed properties in the UK with the launch of a £200m fund.

Europe's old wealth seeks new home in Asia

These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.

Joint Scholarships for Hong Kong Private Wealth Management Professionals

Fuelled by the rapid growth of the economies in the Greater China region, and the steady inflow of wealth from regional and global markets, the PWM industry in Hong Kong is enjoying a promising outlook as well.

Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.

RBS to offer philanthropy services in India Close

Rising level of prosperity and family-run businesses here provide a lot of opportunities in this space, she said.

Australian private wealth firm selects US property

It is the first investment made by the Equiti US Multifamily Property Fund following a 12-month search in conjunction with US partners, Riverstone Residential.

China’s new wealthy take tips from the West

China’s new wealthy take tips from the West Wealthy Asians in China and elsewhere are recognising the need to properly manage and pass on their money, and are receiving advice from Western families, notes Scorpio Partnership.

RBC ready to pounce on Asian opportunities

Royal Bank of Canada has its sights set on expansion in Asia, with an eye to building its wealth management business to take advantage of China’s rising prosperity.

Citi woos the urban middle class

According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.

Private banks drive CCRE and Ascendas Singapore dollar bonds

Earlier this year, the lingering question was whether the Singapore dollar bond market had sufficient liquidity to absorb just a handful of deals or a whole slew of them.

ANZ culls wealth mmanagement team

"The changes in our Wealth business are in response to a challenging environment which has emerged in recent years," the spokesperson said.

Hong Kong on course as top expat destination

Having recently opened an office in Hong Kong, GWM has announced it plans to extend further across Asia with new operations based in Malaysia, Singapore and mainland China.

Coutts bolsters Asia team with three senior appointments

Coutts has announced the appointment of three senior hires to its Products & Services team in Asia today.

Asian Clients Take Novel Approach Of Expecting Private Bankers To Make Money For Them

It’s more or less the model of much investment banking business, from mergers to IPOs, where banks charge pretty customary fees and market themselves not on price but on providing the best objective advice, though of course even there most of what y

Kuwait shaikh seeks $21.4m in UBS fees

Mesha'al suing UBS's DIFC branch, claiming he was not paid for helping the bank

In Asia, Fickle Millionaires Vex Banks

The new generation of Asian millionaires are giving some bankers fits

Bank of America-Merrill Lynch downsizes wealth unit

Bank of America-Merrill Lynch has asked more than two dozen employees at its wealth management unit to leave as the stock market slowdown worsens and the economy continues to be sluggish.

Wealth and Asset Management