Foreign wealth management talent is reluctant to relocate to Asia and anyway, locals are much better suited for the role, according to recruitment firms.
Tag: Asia
SJP builds out Asia presence
St James’s Place has doubled its adviser numbers in Asia and is planning to extend the base from expats to local HNWI, said Mike Gravestock, partnership director for Asia and international.
The rise and rise of Asia’s consumers
Rising household wealth is transforming Asian economies and creating opportunities for global investors, according to Sharat Shroff, portfolio manager at Matthews Asia.
Vanguard reshuffles top Asia management
Citing a China build out, the firm has promoted David Cermak to head of Asia and Charles Lin to lead China business.
Half of new billionaires in Asia but Europeans fare best
Led by China, Asia created one billionaire nearly every three days and accounted for over half of new billionaires in 2015 despite global billionaire wealth declining last year by $300bn to $5.1trn, according to a joint UBS Group and PwC report.
US digital wealth manager eyes Asian young professionals
Hedgeable is targeting early-stage investors in Hong Kong and Singapore, who it says are neglected by traditional private banks.
Janus Henderson’s Rob Adams outlines the merged fund manager’s Asia strategy
Two complementary franchises can coexist, argues Janus Henderson’s new Asia boss.
Asia’s pool of liquid assets is set to grow
Rising levels of high net worth cash should give Asia’s private banks plenty of opportunities, says wealth management research firm.
StanChart Private Bank shuffles Asia team
Richards-Evans leaves StanChart and Vishal Jain takes wider South Asia role at the bank.
Why it pays to be selective in EMD
While more fuss will be made of the eighth anniversary of the fall of Lehman Brothers, it is also worth remembering next year will mark 20 years since the preceding Asian financial crisis.
