05/06/2022
Singapore imposes new rules on family offices
New rules that kicked in April 18 will mean that family offices, through which the ultra-wealthy manage their fortunes, face a stricter regime to enjoy tax-exempt incomes.
05/05/2022
Michelle Lau will join UBS Global Wealth Management as its head of wealth planning, Southeast Asia.
05/05/2022
Majority of flows were sourced from customer deposits, in line with the Bank’s objective to further strengthen its liquidity.
05/04/2022
The deal marks T. Rowe Price’s entry into Singapore’s retail fund market, and its first direct tie-up with a Singapore retail bank
05/04/2022
Reed will be succeeded by North Asia head of private banking Nick Chan who will take on a broader remit to lead RBC Wealth Management's sales and relationship teams across Hong Kong and Singapore.
05/03/2022
Innovative technology and digitalisation permeating everyday urban life in a fast-changing China
05/02/2022
Bankers stressed, however, that while the mood has changed in Asia at least for the next few quarters, the global wealth managers still saw Asia as their best growth opportunity.
04/29/2022
Southeast Asia’s largest bank, DBS, reported its first quarter net profit came in at S$1.8 billion (US$1.30 billion), down 10 percent from the year-earlier quarter.
04/29/2022
The banker and his peers declined to be named as they were not authorised by their organisations to speak to the media.
04/28/2022
They must also hire at least two IPs, though they may get a one-year grace period to hire the second one. Section 13O previously had no minimum AUM or IP hiring requirements.
04/28/2022
The Asia-focused London-based lender beat the $1 billion average estimate from 16 analysts as compiled by the bank.
04/26/2022
In Hong Kong, we were the first bank to gain approval to offer remote, branch-like sales and services.
04/26/2022
In addition to the bottom line, the bank’s assets under management in Asia also plunged in the first quarter.
04/26/2022
The figure for Asia-Pacific wealth management, however, fell 38% year-on-year to $288 million.
04/25/2022
As China pushes out a new framework to expand its private pension scheme, foreign asset managers such as BlackRock are looking to launch more products to meet the rising demand.
04/22/2022
To be sure, the potential pool of customers for banking and wealth management growth in Southeast Asia is huge.
04/22/2022
This marks the fourth city in mainland China that HSBC has rolled out a private banking business including Beijing, Shanghai and Guangzhou.
04/21/2022
As part of the agreement, Huobi Tech has made a strategic investment in a Raffles FO venture company established to serve as the launchpad for the platform.
04/19/2022
The announcement comes after media reports indicated AMP was in discussions to sell Collimate in a bid to simplify its business.
04/19/2022
This is the latest in a series of global acquisitions for Apex