05/03/2022
Last week, Ping An – HSBC’s largest shareholder with 9.3 percent ownership – reportedly approached the bank's board of directors in private about spinning off its Asia business for a separate listing in Hong Kong.
05/03/2022
As a result, the current Cantonal Bank Act remains in force. The canton retains its majority stake and the state guarantee continues to apply. The bank also retains its legal form as a special-law stock corporation.
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.
05/02/2022
In practice, this means that wealth managers need to go back to basics, identify the parts of the whole, and invest accordingly for long-term strategic success.
04/29/2022
The survey among entrepreneurs and wealthy individuals in the UK found that entrepreneurs are more likely than wealthy individuals overall to have amassed wealth through investment in property, and less likely to have done so through a pension.
04/29/2022
This has exacerbated other challenges facing the industry, including intense fee pressure, rising costs and changing investor preferences.