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.
Wealth and Asset Management
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.
10/13/2022
Allianz Global Wealth Report 2022: The last hurrah
This amounts to adding two eurozones to the global financial pile.
10/12/2022
Goldman Sachs: Up to $8 Billion Capital Gap at Credit Suisse
Credit Suisse is two weeks away from unveiling its strategic review with the spotlight placed on a variety of issues, most notably questions about how the bank will fund its investment bank restructuring, in addition to the sale of assets like its securit
10/12/2022
HSBC China doubles down on global private banking expansion
With an expanded private banking footprint in cities beyond Beijing, Shanghai, Guangzhou and Shenzhen, HSBC becomes the first international bank to set up a dedicated private banking service team in Western China.
10/11/2022
HSBC Extends Private Banking Coverage to Western China
The new locations will make it the first global bank to set up a dedicated private banking services team for western China.
10/11/2022
UBS Secures New Office Space in Hong Kong
The project is expected to be completed by 2025 and UBS is expected to occupy the new premises in early 2026.
10/10/2022
Hong Kong to woo family offices from Middle East, Europe as city reconnects with investors after Covid-19 isolation
A team of InvestHK officers will visit Dubai and Abu Dhabi from October 17 to 22, followed by a trip to London and Zurich in November
10/10/2022
Asia and Middle East Families Withdraw Assets at Credit Suisse
One Asian family office that pulled out cash said it was told by the bank that there was a queue of unprocessed transactions that resulted in some temporary backlogs.
10/10/2022
Wealth Management Connect: higher investment quota, greater choice are key to improving bay area’s cross-border scheme
Many investors want the cap on individual investments raised by at least five times from the current 1 million yuan (US$140,528)
10/06/2022
New challenges alter the game for private banking
Announcing the winners of The Asset Triple A Private Banking and Wealth Management Awards 2022
10/05/2022
Credit Suisse Loses Handful of Private Bankers in Hong Kong
They include managing director and China market leader Luke Chiu, director and team leader Nelson Hui alongside two relationship managers, Hong Kong team director Steven Lau and another two senior private bankers last month.
10/03/2022
Rich kids’ boot camps return as private banks woo next-gen wealth
While the private banks tried to replicate in-person shindigs with Zoom seminars and learning portals during the pandemic, these didn’t always succeed in sufficiently engaging the next generation.