10/24/2023
Citi: Asia Wealth Client Referrals in Numbers
25 percent of acquisitions from the overall wealth business were also sourced from the credit card business.
Wealth and Asset Management
10/24/2023
Pantheon opens two new offices
Extending its footprint into two important private wealth hubs
10/23/2023
Endowus’ Van: Acquisitions are always on the radar
The online investment platform's CEO Gregory Van says the company is using its recent $35m fund raise to support growth, raising brand awareness and investing in AI, while keeping its eye on acquisition opportunities.
10/20/2023
World's Best Private Bank Awards 2024
The winners are not always the biggest institutions, but rather the best—those with qualities that individuals rate highly when choosing a provider.
10/20/2023
DBS: SFOs want to double down on philanthropy but lack expertise
The bank's latest Asian single family office report found increased interest in philanthropy, though firms are wary of a shortage of specialist knowledge in some areas and want to clamp down on risks.
10/19/2023
Is a New Swiss-Linked Financial Scandal Looming in Asia?
It involved a group of native Chinese with foreign passports laundering criminal funds from illegal gambling and other criminal activities in and through Singapore.
10/18/2023
UBS GWM to Retain Australia and India Businesses, Shuts Thailand Wealth Management Onshore Unit
Although a final decision is pending, sources suggest that Credit Suisse's onshore wealth management units in India and Australia are relatively secure.
10/18/2023
Why single family offices are transitioning to multi-family models
Winfield Global Capital made the transition to a MFO model in 2022.
10/18/2023
Citibank Singapore to Open Two Satellite Wealth Hubs
New locations in Parkway Parade and Holland Village will complement main Orchard hub to bring wealth advisory services closer to affluent clients
10/17/2023
A unique online private wealth platform for Singapore
The clients of Swissquote in Asia appreciate that most transactions can be done online without complicated manual processes.
10/16/2023
Citi: Hong Kong HNW Population Shrinks Again
The survey was based on interviews with 1,700 individuals aged between 21 and 79 from October to December 2022 and from April to June 2023.
10/16/2023
How Wealth Managers Should Weigh Up the Value Proposition of the Investment Platform and Wealth Service Providers
The degree of importance of each component may differ for each client, so finding the right provider that matches the client’s expectations will ultimately result in trust gained.
10/16/2023
Charles Russell Speechlys formally launches its Private Office
This new pioneering initiative will cater for the changing demands of global private capital clients, entrepreneurs, families, and their businesses.
10/13/2023
Geneva Private Bank Accelerates Asia Hiring
The Geneva-based bank, owned by the de Picciotto family, manages about $153 billion in assets, 14 percent of which are in Asia.
10/12/2023
UBP to boost Asia wealth management headcount by 50% in 2023
UBP wants to continue to grow clients in both North and Southeast Asia regions
10/10/2023
Citigroup to sell China consumer wealth business to HSBC
The consumer banking business mainly served rich clients with deposit, fund and structured product offerings.
10/10/2023
Pessimism reigns across the wealth management industry
After a difficult 2022, wealth management profitability is on track to see further declines in all regions in 2023.
10/09/2023
Hong Kong Wealth Firms’ Gloom Spreads With Drop in Assets
Concern over geopolitical tensions jumps among wealth firms
10/09/2023
Hong Kong's Private Wealth Managers Brace for Slower Growth Amidst Global Challenges
The report highlights that challenging external factors, notably the macroeconomic environment and market volatility, continue to be the primary concerns for the industry.
10/06/2023
Hong Kong’s Wealth Managers Expect Lower AUM Growth in Five Years
The number is higher than only 8 percent of wealth managers in a survey in 2022.