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Wealth and Asset Management

06/14/2023

Pictet WM Asia CIO: «China Probably Not Far From the Bottom»

From its April peak, the CSI 300 has shed nearly 9 percent to hit 2023’s trough in early June but has since posted a 2.5 percent rebound.

06/13/2023

HSBC to Shut Down New Zealand Wealth Unit

The bank has stopped accepting new retail customers in New Zealand and the wind-down is expected to occur over several years in phases.

06/12/2023

Family offices set to reshape wealth management landscape

The objective is to help no fewer than 200 family offices establish or expand their operations in Hong Kong by late 2025.

06/12/2023

Citi Named Digital Bank of the Year in Asia Pacific

The Asset also named Citi Digital Bank of the Year in Hong Kong, India, Indonesia, Thailand, and Sri Lanka.

06/12/2023

Schroders, BNP Paribas among foreign firms rushing to tap China’s US$18 trillion wealth-management opportunity

BNP Paribas and Agriculture Bank of China launch wealth-management joint-venture as regulator vows consistent and continued financial opening

06/12/2023

DBS Launches Bank-Backed Multi-Family Office

Singapore’s VCC structure is designed specifically for family offices in the city-state with both operational and tax benefits.

06/09/2023

Leader for NAB Private Wealth takes world stage

Private banker gets international accolade

06/07/2023

Private Banks: Outsourcing Consolidation

With only 1.2 billion dollars assets under management, it is small in size, yet the deal proves the buyer's growth ambitions in Asia.

06/07/2023

With Asia's wealth management revenue set to hit $90 bil by 2025, private banking to enjoy 'significant' growth: WWF-SG

WWF-Singapore conducted a pilot study from October 2022 to February with seven private banks that have presence in Singapore and headquarters in the US, Europe and Asia.

06/07/2023

UBS Executive August Hatecke Likes Singapore Well Enough

As research by finews.asia shows, a decision has yet to be made, and will come in a few weeks at the earliest and once the integration of Credit Suisse has been completed.

06/06/2023

RCBC named Best Bank for next-gen and millennials wealth management in PH

The Asiamoney Private Banking Awards recognize institutions that are critical to the region’s wealthy individuals and families, helping them navigate the worst of the volatility of the past year.

06/06/2023

Leading law firm for wealth management in Asia Pacific

With a private client and tax team of over 40 in Asia and over 200 across 17 offices globally, Withersworldwide continues to be the world's largest law firm for wealth management.

06/01/2023

Refik Anadol’s ‘Glacier Dreams’ debuts in Singapore as a new multi-sensory experience in Julius Baer’s NEXT initiative

Inspiring joy and hope, ‘Glacier Dreams’ will be projected on the façade of ArtScience Museum

05/31/2023

Standard Chartered and Singapore FinTech Association partner on blockchain paper to drive sustainability in supply chain payments

Concept paper deep dives into sustainability practices across global value chains and reveals specific tools to encourage alignment and integration among stakeholders

05/30/2023

Union Bancaire Privée acquires Angel Japan Asset Management

The transaction will see UBP further strengthen its presence in Japan and is a clear demonstration of UBP’s ambitions to expand its footprint in Asia-Pacific.

05/30/2023

Wellington Management cuts 5% of staff following strategic review

The $1tn firm becomes the latest asset manager to lay off members of its workforce to reduce costs.

05/30/2023

Singaporean wealth management fees are set for weak growth in 2023

In their Q4 2022 results, Singaporean major banks revealed that their revenue was negatively impacted by low wealth management fees

05/29/2023

Credit Suisse Loses Against Georgian Oligarch in Singapore

The move marks another setback for the bank in its legal battle with the Georgian oligarch.

05/29/2023

UBS, CS Offer Inflow-Linked Bonus to Bankers in Asia

This is more attractive than typical bonuses which are linked to fee-generating assets which requires clients to invest, in addition to opening an account and banking their assets.

05/29/2023

Credit Suisse Throws UBS a Few Curves in China

The current situation in China makes that abundantly clear.

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