The new study finds that the rapid growth of the number of ultra-high net worth individuals in Asia – with for example, China having the second highest concentration of billionaires in the world— coupled with the upcoming intergenerational tra
The fund, which holds nearly 2 per cent of all European shares, also has to adjust to lower real-return expectations and the government must cut back on how much of the oil money it spends if it wants to preserve the fund, Norges Bank, which manages the f
Collardi also voluntarily reduced his base salary by 10 percent for the 10-month period through June 2012, according to the annual report. That salary totaled 943,467 francs last year.
The Hong Kong-born martial arts movie star, who has a massive following in China, was appointed this month as the company's first ever brand ambassador.
The US wealth management market benefits from the vast scale of many industries that are global leaders, including the pharmaceutical, aerospace, technology, and defense industries.
Independent Financial Advisors (IFAs) will receive no trail commission from the new ‘X’ share class, which have a 75 basis point annual management charge (AMC), and distributors will not be able to rebate any charges back to consumers.
At the same time, deposit growth at Chinese banks last year slowed to 12.7 percent after rising 20 percent in 2010, central bank data show.