02/24/2022

OCBC Targeting Wealth Management Growth

Headcount growth, partly for the wealth management segment, was cited by the bank as a key driver of a 7 percent increase in operating expenses for the full year.

02/17/2022

Netwealth share price nosedives despite record income

“Netwealth expects to benefit from growth in its affluent, high net-worth and private wealth groups as its platform functionality supports and enables the unique and differentiated needs of the segment,”

02/14/2022

Blackstone acquires majority stake in wealth management firm

The deal, which according to market participants valued the company at around $1 billion, was through a secondary transaction with senior employees also selling an 11% stake to Blackstone. Blackstone and ASK Group declined to comment on the financial term