11/02/2022
Swiss bank Julius Baer plans expansion in Hong Kong after pandemic to tap wealth management opportunities in China, Asia
“Hong Kong will continue to be a growth story for Julius Baer in the years to come.”
Wealth and Asset Management
11/01/2022
Lightnet Group Partners with Raffles Family Office to Expand Payment Ecosystem to Revo - Asia’s First Digital Asset-Based Multi-Family Office Platform
The partnership reaffirms Lightnet’s vision to revolutionise the payments and remittance space with next generation infrastructure and services across the entire spectrum, from the unbanked or underbanked, to wealthy individuals and family offices.
10/31/2022
Cambridge Associates’ Pang: FOs can save wealth legacies
As trillions of dollars are transferred to the younger generation, family office advisers try to limit the conflict among heirs, says Cambridge Associates’ Mary Pang.
10/31/2022
Credit Suisse: «One Bank» Model in a Two-Bank Structure?
At the time, his proclamation to remain committed to the approach was already bold, given the bank’s renewed focus on tighter risk management and reduced structural autonomy in Asia – the lone region in the whole global wealth business
10/31/2022
Hostplus hands Bell Asset Management $500m mandate
He added that he looks forward to working with Bell to manage a global small and mid-cap strategy for Hostplus' developed markets portfolio.
10/28/2022
Credit Suisse: APAC is the Lone Region With Positive Flows in 2022
Credit Suisse Posts Fourth Consecutive Quarterly Loss
10/27/2022
Nordea Asset Management Seeks to Operate an Investment Hub in Singapore
Nordea Asset Management opened a local distribution office in Singapore in 2013.
10/26/2022
The Evolution of Wealth Management in Indonesia
“This is the promised land of opportunity, the skies are blue, and the potential is simply vast.”
10/24/2022
LGT Group forays into Indian wealth management space via LGT Wealth India
Majority owned by LGT Group, LGT Wealth India employs more than 200 staff and has a presence in 14 cities across India, including Mumbai, Delhi, Chennai, and Bengaluru, the company said in a statement
10/21/2022
AUM Growth Outlook Slips for Hong Kong Wealth Managers
There is less optimism about the future of wealth management in Hong Kong this year, according to a report jointly authored by the Private Wealth Management Association and KPMG China.
10/21/2022
Axa IM ponders China wealth management expansion
The French investment manager could join a growing list of foreign firms seeking to expand into wealth management in China.
10/21/2022
AMP Limited provides Q3 22 AUM and cashflows update
AMP Bank’s total loan book grew by A$0.6 billion to A$23.3 billion in Q3 22.
10/19/2022
Utmost Group announces the planned closure of AAM Advisory in Singapore
Utmost acquired AAM as part of the acquisition of Quilter International in 2021.
10/19/2022
BNP Paribas Joins China Wealth Market Race With New Approval
Asset-management unit, AgBank allowed to set up joint venture
10/19/2022
BNP Paribas Green Lighted for China Asset Management JV
The new platform will be funded by BNP Paribas Asset Management and ABC Wealth Management, a wealth arm of AgBank.
10/19/2022
Ares Management Launches Secondaries Team in Asia Pacific
Danielle Lau Joins as Managing Director to Invest in Real Estate Secondary Market Opportunities
10/18/2022
Digital wealth manager buys stake in Hong Kong family office
Combined group has $4bn in AuM
10/18/2022
Puhui Wealth Investment Management Co., Ltd. Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal
At the hearing, the Company intends to present its plan to regain compliance with the Rule to the Panel.
10/17/2022
ABS launches new guidelines for sustainable private banking, wealth management practices
ABS director Ong-Ang Ai Boon said the guidelines will help private banks and their clients in their transition towards a low-carbon economy.
10/14/2022
Raffles Family Office Launches Digital Asset Platform
The platform aims to become a one-stop solution offering aggregator, independent asset management, gatekeeper, and private wealth advisory services to UHNW families with traditional assets as well as crypto-native investors.