Asia-based private banks grew AUM 17% on average last year versus a 1% drop globally, according to a recent report by Scorpio Partnership.
Tag: Asia
Hong Kong firms seek alts growth through merger
Carret Private Investments intends to merge its Hong Kong private wealth management business with QL Asset management in hope of expanding the asset base in alternatives.
StanChart: Equities the key theme for H2
Portfolios should still have a significant allocation to equities,
Standard Chartered Bank’s Wealth Management Advisory Group said.
JPM sees modest Brexit impact on EMs
The macro drivers for EM equities are largely unaffected and the firm maintains its overweight.
Volatility ramps up among top UK funds
Even the top five performing UK equity funds in Asia have lower performance and higher volatility than last year as the Brexit vote nears.
Hermes’s five-year plan includes strong Asia buildout
Harriet Steel, Hermes Investment Management’s global head of business development, joined the company in 2011 and immediately set about transforming how the business was perceived.
Changes at the top for Rothschild WM in Asia
The firm brought over Mike Hue from ABN Amro PB and announced other senior management changes.
Templeton hires for new multi-asset role in HK
Franklin Templeton has plucked Ricky Chau from ICBC Credit Suisse for the newly-created role.
Pioneer sees China as key investment risk
China’s miscommunication to the markets and lack of transparency in carrying out financial reforms are investment risks for the region, according to Monica Defend, Pioneer Investments head of global asset allocation research.
Regional AM partnerships on the rise
More Asian asset managers are partnering with peers to grow assets and extend distribution channels, according to consultant Cerulli Associates.
