‘Pandora Papers’ expose hidden wealth and tax avoidance by world’s rich and powerful.
Tag: Private Banking
HSBC PB unveils client messaging platform
Clients can now communicate with relationship managers on messenger apps through HSBC GPB Chat.
StanChart to merge wealth, retail businesses
The bank expects that the changes will help grow its affluent and retail businesses.
Hong Kong’s PB, WM assets up 19% in 2019
Assets sourced from family offices and trusts grew nearly 90% during the year.
Survey: HK retains edge as PWM regional hub
The territory’s proximity to mainland China and its diverse product offerings continue to give Hong Kong an advantage over rival private wealth management (PWM) centers, according to a recent report.
Wealth managers don’t satisfy Asia’s HNW
Complex fee structures and the need for a more personal connection with relationship managers have led to dissatisfaction among Asia’s high net worth investors.
A look at Hong Kong wealth manager turnover
Private bankers are able to bargain for higher pay when transferring to a boutique wealth manager, according to Sunny Kwak, senior consultant for private banking at executive recruitment firm Morgan McKinley.
Asia’s wealthy prefer physical gold, says SSGA
When investing in gold, conservative high net worth individuals in Asia still prefer owning physical bullion to investing in exchange-traded funds, according to State Street Global Advisors.
HK industry body proposes ‘wealth management connect’
Wealth managers in Hong Kong should be allowed to market products to clients in the Greater Bay Area, among suggestions from the Private Wealth Management Association (PWMA) and KPMG.
