04/25/2012
NRIs' wealth market size to see robust growth by 2016: report
During the review period (2007-2011), the value of the worldwide wealth management market for NRI millionaires rose at a compound annual growth rate (CAGR) of 9.4%.
Wealth and Asset Management
04/25/2012
Sharp improvement for Credit Suisse
Credit Suisse eked out a small first-quarter profit on Wednesday, confounding analyst forecasts for a big loss due to a 1.5 billion Swiss franc charge on its own debt, as it cut more costs than expected.
04/25/2012
Bank of Singapore becomes first Private Bank that can train and assess private bankers
The Programme aims to equip Bank of Singapore private bankers with the relevant skill sets and qualifications to uphold the highest standards in delivery of client-centric advice and consistent client experience.
04/24/2012
UBS Chairman Says Bank’s Reputation Will Play Role in CEO’s Pay
Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c
04/24/2012
Asian millionaires on the rise
Wealth managers also expected those with $30m of investable assets to account for 24 per cent of their $3tn under management, up from 19 per cent in 2011.
04/24/2012
Barclays Wealth continues APAC expansion
Barclays today announced that it has appointed four senior private bankers in Singapore, in a move that underlines Singapore’s importance as a wealth management hub for the bank
04/23/2012
World’s ‘Most Expensive’ Art Fair Heads to Hong Kong From Paris
The Biennale des Antiquaires, France’s oldest art fair, is looking to profit from the growth of Asian wealth by starting a mini-biennale in Hong Kong.
04/23/2012
Singapore: the Banking Destination for Wealthy Chinese
The latest hot topic that Chinese Private Bankers argue about when they get together is which foreign destination is favored by wealthy Chinese clients.
04/23/2012
Asian millionaires on the rise
Nearly two-thirds of the 109 wealth managers polled expected the number of individuals with investable assets of between $1m and $30m to increase this year by between 6 and 15 per cent, while 23 per cent expected a rise of more than 15 per cent.
04/23/2012
Asian wealth managers bullish on global economic outlook: survey
Asia's leading wealth managers, who have combined assets under management (AUM) of more than US$3 trillion, are bullish on global economic outlook in 2012, according to the results of a survey released Monday.
04/19/2012
Debut Issue of Philanthropy Management: Do Entrepreneurs Make Effective Philanthropists?
For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.
04/19/2012
South and Southeast Asian start for ambitious Guggenheim UBS MAP Initiative
The Guggenheim’s engagement with the South and Southeast region goes back even further than this programme, including exhibitions from seminal artists Rirkrit Tiravanija and Anish Kapoor.
04/19/2012
Northern Trust Secures 22 Client Wins, with Six in Asia Pac
NTHFS provides middle-office and administration services including trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing. It has more than US$170 billion in hedge fund assets under admi
04/19/2012
Swiss private bank gets banking licence in Hong Kong
They has been operating in Asia for over 25 years
04/19/2012
Wealth managers quietly shed jobs
All major Australian wealth groups are believed to be undertaking significant strategic changes following a reduction of fund inflow and poor equity markets.
04/18/2012
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.
04/18/2012
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.
04/18/2012
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.
04/17/2012
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.
04/17/2012
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.