Wealth Management
StashAway’s Hong Kong assets expand by 20% in Q1
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
HSBC unveils US thought leadership programme for Asian UHNWs
The three day programme will connect the UHNWs to tech leaders.
KBank Private Banking, EQT Partners unveil new private equity fund
The minimum investment is THB500,000 with an 18 month lock-up period.
StanChart’s Signature CIO Funds attracts over $1b
The funds have returned over 28% since launch, the bank said.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Deutsche Bank cuts 10 private banking roles in Asia: report
The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
Maybank Singapore unveils online investment service for as low as S$200
From now until 30 June, the sales charge for the first $2,000 will be waived.
StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform
It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.
VP Bank names Will Wang as wealth head in Hong Kong
Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.
BPI Private Wealth aims to double assets and capture 25% local HNW market
CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
How have banks’ wealth management pivots played out?
There’s up to $25b in fees to be made in Asia, but it’s a tough market, an analyst said.
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.
Investor demand for China’s wealth management product still muted
Balance may grow in 2024, according to Fitch Ratings.
Bank of Singapore names Credit Suisse banker as Greater China COO
Ronnie Cheung was appointed as Credit Suisse’s Hong Kong COO in 2021