Managers of Wealth

The Evolution of DPM in Asia’s Wealth Management Market

It is slow and gradual, as yet, but this evolution offers an unprecedented opportunity to change the way the industry engages with its clients.

Optimism rises among financial services firms as business volumes stabilise

Firms are planning to cut headcounts once again in the next quarter, the report said, but the rate of cuts is expected to slow once again to a 17 per cent drop.

Latest Asset Tracing Trends in BVI, Hong Kong and South Korea

Randall Arthur, Joyce Xiang and Calvin Koo looked at judicial assistance between Hong Kong and Mainland China, as well as the recently amended Hong Kong money laundering statutes.

Negative rates in UK? How to protect yourself if Bank takes interest rates below zero

The main risk for savers is that, if rates do go negative, the return on cash – already paltry – could also turn negative. At the very least, negative rates would mean they are unlikely to rise anytime soon.

Almost half of UHNW families do not have a structured process for identifying risk, says Stonehage Fleming survey

Almost a quarter of respondents identified failure to engage the next generation as a key risk.

Debt cancellation needed to help poorest countries - World Bank president

Amid warnings the pandemic could push 100 million people into extreme poverty, Malpass renewed his call for private banks and investment funds to get involved too.

Covid forces Hong Kong elite to stay home and consider uncertain future

The region’s wealthy reflect on succession, creating liquidity to fund new opportunities and private jets

How to Manage Your Finances After Covid-19

Private wealth managers say that extended periods of restricted personal interaction and communication among family members can exacerbate existing tensions about estate succession and wealth management.

Fashion house Mulberry mulls an uncertain future as the pandemic pushes it into another loss.

There are bright spots in the business, with a 30% rise in sales in the Asia Pacific region offsetting the 14% decrease in the rest of the world.

3 Critical Steps Luxury Brands Must Take To Rebound From COVID-19

These costs have compounded now that customers around the world are reducing their store trips.

Singapore looks to lure next-generation business owners and entrepreneurs with updates to its permanent residency scheme

The program grants Permanent Residency to individuals who meet specific criteria.

Cognitive Decline Can be Financially Devastating: RBC Wealth Management

In fact, 80% of survey respondents reported some level of financial mismanagement by the individual they care for.

Do You See Me?: 8 Ways to Let Your People Know They Matter

A common mistake among leaders is assuming they’re supposed to know almost everything—that their high status means others have little to contribute to their work.

Brexit uncertainty causes ‘hiring paralysis’ for London asset managers

Trend contrasts with number of fund management employees in rival EU markets increasing

Hedge fund administration – past, present and future

The decision to outsource drove immense economies of scale through central platform administrators providing gold-standard financial technology, experienced back-office and accounting teams and complex valuation modeling.

Rolls-Royce taps investors and lenders for billions to keep it rolling – don’t expect a quick payoff

Engine problems, Brexit and the pandemic have all contributed to the woes of a company, writes Jim Moore

ONS figures reveal precarious state of financial wellbeing in young adults

The ONS study proves that children have a decent grasp on the power and purpose money so it is only right we tap into that and teach them the skills they need to have a positive relationship with money.

Teodoro Cocca: «UBS and Credit Suisse Are Targets»

Conversely, this means some banks actually made remarkable progress on growth, profitability, or efficiency in recent years.

It could be an unsettled autumn for investors

Markets face a number of uncertainties in the coming months of COVID-19 restrictions

Dirty money has ‘metastasized’ within global banking system, top regulator says

New York’s financial regulator acknowledged that the financial system is “awash with trillions of dollars in dirty money,” and has called on banks to help fix it.

Comment & Analysis