02/23/2021
HSBC wealth management revenues fall
The firm added that it would invest close to $6bn in its wealth management and international wholesale banking businesses over the next five years, with most of the investment directed toward Asia.
Wealth and Asset Management
02/22/2021
Citi is considering divesting some foreign consumer units
The company is weighing divesting certain units across retail banking in the Asia-Pacific region, including those in South Korea, Thailand, the Philippines and Australia, according to people familiar with the matter.
02/22/2021
Well-known wealth management adviser joins fast-growing firm
The business has been growing over the last 10 months, with employee numbers now standing at 26.
02/22/2021
CIMB Private Banking takes No. 1 spot in Euromoney survey
Chief executive officer of CIMB Investment Bank Bhd, Jefferi Hashim, said, “We are honoured by the recognition as the industry’s best by our peers.
02/22/2021
These Swiss banks pay the highest wages
According to the annual evaluation by finews.ch based on personnel costs , the average annual wage per full-time position at CS and Vontobel fell significantly; namely by almost 7,000 francs at CS and almost 4,000 francs at Vontobel.
02/22/2021
HSBC to move top brass out of Canary Wharf in 'pivot to Asia'
The rejig comes just a year after HSBC announced plans to slash around 35,000 jobs over the next three years
02/22/2021
Upgrades Everywhere by Gary Dugan
The global economy has far more momentum than previously thought. In the past week, economists have been moving their GDP forecasts up by 1-2%.
02/22/2021
Sprouts of spring by Rathbones
Softly, softly is the idea this time round.
02/22/2021
January Jitters Don't Change Our Positive Outlook
Hopes were high at the start of 2021 as investors looked towards the economic recovery
02/22/2021
The commercial case for diversity and inclusion
Building the commercial case for companies to become more diverse and inclusive which can help to deliver better financial performance and more positive social outcomes.
02/22/2021
Looking forward to the Year of the Ox
Having fallen victim to the SARS outbreak earlier in the decade, the Hong Kong people were quick to react.
02/19/2021
China:Cross-border wealth management grows in Greater Bay Area
Among retail customers in the Chinese mainland who do not own Hong Kong wealth management products, 70% expressed interest in purchasing one in the next three years.
02/19/2021
Credit Suisse's Private Bank Sputters
On the wealth management side, recurring fee and commission income fell sharply, and transaction-and performance-based revenue edged lower.
02/19/2021
UK private bank reportedly up for sale
Business is worth around £50m
02/19/2021
Northern Trust Expands Foreign Exchange Currency Management Services Footprint with Key New Mandates
Clients Focus on Managing FX Exposures Through Advanced Currency Hedging Solutions
02/19/2021
CIBC Private Wealth, US, Wins Private Asset Management’s “Best Private Wealth Manager Over $5bn – Performance” Award for 2nd Consecutive Year
This is the 11th investment-related PAM award that CIBC Private Wealth has received for the firm’s investment platform over the past 10 years
02/19/2021
China Merchants Bank rises among global private banking elite
CMB was one of the pioneers of China’s private banking industry.
02/19/2021
Credit Suisse Chief Adds Caution to Optimism
But despite the annual profit slip, the bank could build on the momentum based on its fourth-quarter results and positive data from the bank’s latest media conference.
02/19/2021
Leading Asset Managers Make Major Acquisitions Targeting Wealth Channels
An investment in new products and technologies that target individual investors and I don’t believe this cycle of investment is over.
02/19/2021
Wealth Manager Moves Into Swiss Ski Resort
Even if the pandemic has changed the way we work by developing virtual relationships with our customers