04/13/2012
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.
Wealth and Asset Management
04/13/2012
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.
04/13/2012
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.
04/12/2012
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.
04/12/2012
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.
04/11/2012
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
04/10/2012
Kuwait shaikh seeks $21.4m in UBS fees
Mesha'al suing UBS's DIFC branch, claiming he was not paid for helping the bank
04/10/2012
In Asia, Fickle Millionaires Vex Banks
The new generation of Asian millionaires are giving some bankers fits
04/10/2012
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.
04/09/2012
Private banking needs overhaul to stay competitive, urges report
The Korea Institute of Finance, a state-run think tank, said in a report on Sunday that the country’s private banking market needs a revision to the related law to bolster growth and stay competitive in the long term.
04/05/2012
Singapore Cuts Options for Wealthy Seeking Permanent Stay
Singapore will end a program that allows wealthy individuals to gain permanent residence quicker by putting money in the island, after an influx of foreigners in recent years spurred property prices and fueled voter anger.
04/04/2012
Top family offices move to address investment strategy in Asia
Capitalizing on the continuing secular shift of global economic power from West to East was the dominant topic at the recently-concluded Wigmore Association Summit, a semiannual global collaboration of the chief investment officers of six family offices r
04/04/2012
“What Asset-Liability Strategy for Sovereign Wealth Funds?” - EDHEC
The survey presents the results of the Deutsche Bank research chair’s foundation paper – a dynamic asset-liability management (ALM) model developed to guide asset allocation and risk management decisions at the SWF level, and describes the res
04/03/2012
UBS beats Citigroup to stay top of the stockbroking league tree
UBS has kept the lead in its battle with Citi for top spot on the stockbroking league table, as trading picks up.
04/02/2012
Why China's Rich and Russia's Rich Share Many Traits
While in terms of their current geopolitical interests, histories and cultures, Russia and China are vastly different, their super-rich share many common traits.
04/02/2012
Citi's Duttagupta on Asian Wealth, Investor
The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citi said today in the report published in pa
04/02/2012
What rich Asian women want for their money
Starting today, StarBizWeek features a column on personal finance called Money & You, which will focus on money matters as they relate to YOU. Our two writers will take turns every fortnight to shed light on personal finance matters.
04/02/2012
RBC Wealth Management Wants You
The broker wars of 2012 are heating up as a foreign invader tries to crack the U.S., Asian, British and Latin American markets.
03/30/2012
Local banks' bonuses outshine foreign ones
DBS which posted record profits for 2011 on average paid higher bonus than last year, said DBS spokeswoman Karen Ngui.
03/30/2012
New silk route to Singapore
Every year, hundreds of Chinese private bankers gather in Hongqiao, a nondescript corner of smog-shrouded Shanghai, to learn the basics of wealth management.