11/30/2022
Nomura Seeks Revenue Boost From Wealth Unit
Alongside its advisory unit, the two are considered capital-light businesses which are expected to see a boost in growth and productivity.
Wealth and Asset Management
11/25/2022
HSBC's Private Bank Offers DPM on Mobile App in Asia
The latest offering – exclusively available in Asia – is part of HSBC’s broader plan to extend its private banking capabilities to the affluent and high net worth segment.
11/23/2022
Deutsche Bank Targets Asia, Middle East for Wealth Ambitions
De Sanctis highlights Saudi Arabia, Indonesia as key markets
11/21/2022
Goldman’s China Wealth Product Debut Draws Limited Demand
The funds raised, amid heightened market volatility, accounted for just a fraction of the fundraising ceiling of 5 billion yuan.
11/18/2022
Vontobel’s Asia Wealth Chief Returns to Switzerland
The Zurich-based bank will remain available as a structured solutions partner to institutional clients and financial intermediaries in Hong Kong.
11/18/2022
Sell-offs in Chinese wealth management products amplify bond rout, while banks scramble to calm investors
The sell-offs were triggered by panicking retail investors, following slumps in the bond market in recent days
11/18/2022
Goldman's JV with ICBC raises $21 mln in maiden China wealth product
The fund raising was significantly smaller than that of BlackRock's China wealth management venture, which raised 2.4 billion yuan in its first product in September last year, and well below the product's fundraising ceiling of 5 billion yuan.
11/17/2022
Saxo Markets sees opportunity in wealth management
Financial advisors can use technology to provide multi-asset capabilities, strong client management and wealth management tools, said Ivan Chang.
11/16/2022
Credit Suisse cuts jobs in Asia
In addition, at least two other Singapore-based bankers from the division and two employees with the rank of director from the investment banking and capital markets divisions have been dismissed.
11/16/2022
Ex-Citibank duo set up wealth management firm
It will offer services to clients in Asia and Middle East region
11/15/2022
How HSBC Global Private Banking is adapting to meet the changing needs of its clients
Wealth creation is still on the rise, with the number of affluent individuals in Asia-Pacific expected to outstrip all other regions
11/14/2022
Labuan IBFC receives commendation as international domicile at the European Captive Awards 2022
Accolade acknowledges continued strong interest in the domicile’s captive structures, particularly from the European segment
11/11/2022
Vontobel Bids Farewell to Private Clients in Hong Kong
Vontobel launched a private client business in Hong Kong eight years ago, at a relatively late juncture.
11/11/2022
Credit Suisse flattens its Apac wealth management organisational structure
Credit Suisse flattens its Apac wealth management organisational structure
11/11/2022
CIMB's Andrew Lee finds safety in domestic bond funds
CIMB Private Banking's investment head has been less impressed by the performance of absolute return funds.
11/09/2022
Hurun: Chinese Billionaire Wealth Falls Sharply
This year has seen the biggest fall in the Hurun China Rich List of the last 24 years,» said Hurun Report Chairman and chief researcher Rupert Hoogewerf.
11/08/2022
Hana Bank Picked as Best Private Bank in Korea
Hana Bank expressed gratitude to customers, saying that its asset management services would be further expanded to better cover their every age period.
11/07/2022
HSBC investor Ping An publicly calls for break-up and ‘aggressive’ cost cuts
China’s biggest insurer says bank lacks Asia experience on board
11/07/2022
HSBC Nears Halfway Point for China Wealth Hiring Target
In addition to headcount, HSBC has been also expanding its physical presence within the mainland.
11/03/2022
DBS Group: Third-quarter net profit rises 32% to SGD 2.24 billion while return on equity reaches 16.3%, both at new highs
Nine-month net profit up 8% to SGD 5.85 billion