03/09/2022
DBS CEO Gets a Pay Bump
The bank reported a record net profit of S$6.8 billion for 2021, up 44 percent from 2020.
Wealth and Asset Management
03/09/2022
Trend: Millennials and Gen Z reshaping asset management industry
“One of the structural changes facing the unit trust industry is the accelerated shift to digital platforms,” says Lum Ming Jang, chief investment officer at Public Mutual Bhd.
03/08/2022
Top UBS Wealth Manager Targets $5 Trillion Held by Women in Asia
UBS estimates that wealth for women in Asia outside of Japan will jump to $7.3 trillion by 2025, an increase of about 50% from $4.8 trillion in 2020.
03/08/2022
Westpac Invites Bids for Wealth Platform BT Panorama
Australia’s third-largest lender is allowing interested suitors access to confidential information about the business, according to the people, who asked not to be identified as the process remained confidential.
03/07/2022
Wilsons acquires Chancellor for private wealth, flags more M&A
It is understood Wilsons won a competitive process to buy Chancellor Portfolio Services, adding the firm’s clients, client assets and advisers to its private wealth advisory division.
03/07/2022
AMP backs Australians making a difference with annual launch of A$1 million grants program
The grants are designed to help individuals who are working on a project that has positive community impact but needs a financial boost to take it to the next level.
03/04/2022
UBP partners with CRUX AM
Through this partnership, CRUX will therefore advise UBP on the Bank’s Asia equity funds and mandates
03/04/2022
New study sees Singapore as top family office hub
As Hong Kong continues to struggle with the pandemic, Singapore looks destined to become the region’s family office hub.
03/02/2022
SJP partner firm sets up shop in Hong Kong
As it merges with seven other St James’s Place businesses in the special administrative region
03/01/2022
NRI’s I-STAR/GV provides SaaS to Westpac wealth business
Apart from facilitating HIN administration, Trade Settlements, Transfers & Conversions, the I-STAR/GV platform enables automation and STP based processing of Corporate Action event lifecycle, thereby optimizing operations.
03/01/2022
Schroder BOCOM Wealth Management has opening ceremony in Shanghai
It is also the second venture between the two groups since forming the Bank of Communications Schroders Fund Management Co., Ltd. in 2005.
03/01/2022
China extends wealth management scheme
The pilot programme for retiree products is expanded to other cities.
03/01/2022
Chubb Life Hong Kong wins Whole Life Product Category at the Benchmark Wealth Management Awards 2021
The winning product, Chubb MyLegacy Insurance Plan (Chubb MyLegacy), is a savings insurance plan that provides long-term financial growth combined with flexibility in choosing how to design the plan
03/01/2022
Macquarie, KKR face off for Westpac business unit
The two companies are reportedly set to bid for the big bank's wealth management business
02/28/2022
Aussie wealth firm Koda apologises for pushing Russian stocks
“Geopolitical events tend to be short-lived … Russian stocks are very cheap on any metric and offer a 20 per cent-plus dividend yield.”
02/28/2022
The Gen Y factor: how a new breed are reshaping family portfolios
The next-generation of family offices in Asia are taking a fresh look at asset classes, as interest turns away from traditional investments and towards exciting new ventures.
02/27/2022
Wealth planning firm opens Hong Kong office
Carlie Anderson Strategic Wealth Planning, are establishing offices in the heart of Hong Kong to better Serve Investors in a rapidly growing Asia Pacific Market.
02/27/2022
Hana Bank to expand art wealth management
Based on the partnership, Hana Bank will provide consulting services for clients interested in purchasing and selling artworks.
02/25/2022
Nomura to Expand Asia Wealth Business
The report said Nomura has already hired more than 50 relationship managers from other banks, including BNP Paribas and Deutsche Bank.
02/25/2022
China to expand wealth management pilot scheme for retirement savers - regulator
The China Banking and Insurance Regulatory Commission will also allow more wealth management companies to participate in the pilot, it said in a statement.