08/29/2023
BNP Paribas WM's Lemuel Lee on the power of being prepared
The newly-appointed Hong Kong head talks about the bank's ability to provide a palette of cash management solutions kept its clients happy, in a year of market turmoil.
Wealth and Asset Management
08/28/2023
Citi: Top Line Growth Across the Board in Hong Kong
The treasury and trade solutions arm recorded a 27 percent revenue increase, driven by net interest income and fee-generating mandates.
08/25/2023
Farro Capital parent launches immigration subsidiary
Farro & Co is the new international mobility and immigration solutions subsidiary launched by multi-family office Farro Capital's parent company.
08/25/2023
Citi: APAC Family Offices Lead in Equity Allocations
As a result, family offices in Asia took on more risk assets with an average allocation of 39.5 percent to equities – the highest among all regions.
08/24/2023
Malaysia Faces Private Banking Talent Crunch Amid Growing Wealth Sector
The nation's wealth sector is still in its growth phase when compared to established hubs such as Hong Kong and Singapore.
08/23/2023
Clearview to divest from wealth management within FY24
Claims and lapse underwriting experienced profits and life underlying NPAT margin was 12.4 per cent.
08/23/2023
Unravelling the Market Mystique: A Deep Dive with GAM’s Head of Asia
From the aftermath of the pandemic-induced economic shutdown to the evolving nature of investment avenues, here's a detailed dissection of the year's market landscape.
08/23/2023
HSBC bullish on opportunities in Asia as region’s wealth creation outpaces peers
The bank’s investments and wealth solutions team are focused on helping their clients make the most of the wealth opportunity in Asia
08/23/2023
Asia’s family offices to play a bigger role in private markets
This scenario, which seemed a pipe dream just a few years ago, could be steadily taking shape in this region.
08/22/2023
StanChart’s Asia CEO Ready for Bumpy Road, Bets on China Wealth
Asia CEO sees ‘fundamental’ need for China wealth to diversify
08/22/2023
Data Management, Analytics, AI and ML: Helping Elevate the Wealth Management Proposition
He believes AI- and ML- enhanced data is central to the future of the industry but warns that the pace of adoption will also be reined in by the compliance and governance difficulties in assessing and then controlling the solutions.
08/22/2023
Australia’s secretive family offices in decade-long boom
Family offices are increasingly sophisticated, with 6 per cent of those surveyed having more than $1 billion in assets under management and 60 per cent having an investment committee.
08/22/2023
Citi Private Bank bullish about 2023, growth in ultra-high-net-worth clients mainly from S’pore
Mr Lee said many Citi clients also moved up from Citigold Private Client to the private bank.
08/21/2023
Citigroup Expands Wealth Client Base in Asia Amid Global Push
A report from Boston Consulting Group indicates that the region boasts approximately $55 trillion in financial wealth, standing second only to North America.
08/21/2023
UBS Co-Head of Asia ECM Syndicate to Exit
UBS is undergoing the restructuring of Credit Suisse following a government-brokered takeover in June.
08/18/2023
Citigroup adds thousands of Asia wealth clients in global push
The customers were taken on during the first half of the year, according to a spokeswoman for the New York-based firm.
08/18/2023
Hang Seng Bank Expands Its Cross-Border Wealth Management Presence
These new additions join the bank's existing hubs in Sheung Shui, Central, Kowloon Tong in Hong Kong, and Guangzhou in mainland China.
08/18/2023
UBS Seeks to Hire Several Private Bankers to Serve India’s Rich
Firm returns to India private banking with Credit Suisse deal
08/17/2023
Wealth of Vietnam’s richest man Pham Nhat Vuong balloons by more than 8 times to US$44.3 billion on VinFast debut
But the rise in Vuong’s fortunes may be short lived if his company follows the trend of others listed by special purpose acquisition (SPAC)
08/16/2023
IQ-EQ lands major mandate with Flexstone Partners
The firm delivers customised private equity, real estate, private debt and infrastructure solutions with specific expertise in hard-to-access small- and mid-cap markets worldwide.