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Wealth and Asset Management

04/12/2024

China’s young ultra-rich seen reshaping wealth management, art collection and luxury spending: HSBC summit speakers

Wealth management is transforming into ‘a new virtual format in addition to the traditional finance space’, asset manager says

04/11/2024

UBS Tries to Reverse CS Judgement in Singapore

A court in the city-state is currently wrestling with the hundreds of millions of dollars in client damages.

04/10/2024

HSBC to accelerate China wealth expansion, on track to meet hiring target

The bank, which makes the bulk of its revenues in Asia, also plans to expand its mainstay wealth business in India

04/10/2024

HSBC’s Quinn Targets Lifting Wealth Management in China, India

Along with other global banks, HSBC is building out its wealth-management operations to help offset the more volatile earnings derived from dealmaking and trading.

04/09/2024

Wealth Management’s Rising Star in Asia Has Tricky Task at UBS

She’s using her ties with UBS investment bankers hailing from Credit Suisse to win business from ultra-rich clients.

04/09/2024

Riding Asia’s Wealth: The Time Is Now For DBS

DBS is proud to call Singapore home.

04/09/2024

UBS and Sumitomo Mitsui Trust to Enhance Wealth Management in Japan by Acquiring Credit Suisse's Division

The joint venture is majority-owned by UBS Securities Japan with a 51% stake, while Sumitomo Mitsui Trust owns the remaining 49%.

04/09/2024

Ocorian Expert Sharon Yam on the Benefits of Using Foreign Trusts for Wealthy Filipino Families

In particular, she pointed out that the absence of trust laws in the Philippines means that foreign trusts are required, and she said there are few places more ideal than Singapore as a jurisdiction.

04/08/2024

Labuan IBFC Inc. unveils Labuan IBFC China Desk to facilitate cross-border ventures

Platform is aimed at fostering bilateral trades, investments and business expansion

04/08/2024

UBS JV to acquire Credit Suisse Japan wealth management business

UBS SuMi envisages that all of Credit Suisse's advisors and the wealth management assets they manage in Japan will be transferred to UBS SuMi following the merger of UBS and Credit Suisse, which is due to be completed by the end of June.

04/08/2024

Investors welcome to set up family offices in HK as wealth management among govt policy priorities: CE

The city's leader stated that there are currently 2,700 family offices in Hong Kong, generating a considerable multiplier effect on the city's economy.

04/08/2024

HSBC’s Quinn Targets Lifting Wealth Business in China, India

“I want an equally strong wealth management capability in mainland China, Singapore, for Asean, and in India.”

04/05/2024

StanChart ties up with Old Mutual for wealth platform

The partnership is looking to expand in the Middle East, Africa and Southeast Asia.

04/04/2024

HSBC Global Private Bank leverages global reach to grow ultra wealthy segment in Asia

The global private banking team operates in over 40 markets and 13 strategic booking centres

04/02/2024

Jin Yee Young: «NRIs Want to Go Back to India»

After the government-brokered takeover of Credit Suisse, UBS inherited and decidedly retained its India business, making a re-entry into the onshore market.

04/02/2024

Singapore’s Wealth Management Status Challenged

Most of these costs are related to internal operations, family expenses, professional services, and investment fees

04/02/2024

Liechtenstein royal family-backed banking and asset management firm LGT says private equity has ‘good future’ in China

The most interesting investment opportunities in China are in sectors that will see growth triggered by climate change, such as energy and electric mobility, Prince Max says

03/28/2024

Can AI positively boost asset managers’ AUM?

The results are divided between those respondents who are already using AI at their businesses and those who expect to use AI in the next five years.

03/28/2024

Hong Kong targets family offices with philanthropy initiative

The Hong Kong government yesterday announced the launch of Impact Link, which aims to bring together charitable causes requiring funding and family offices and philanthropists.

03/27/2024

Hywin Holdings Announces Strategic Business Transformation Plan

As part of the business transformation plan, Hywin is undertaking a structural reorganization plan

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