The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.
Tag: Private Banking
HK’s private wealth association names new MD
Hong Kong’s Private Wealth Management Association’s new managing director, Peter Stein, will focus on wealth management talent development.
Rothschild joins trend by closing Hong Kong branch
The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Asia’s wealth business `rationalisation’ to continue
The BOS purchase of Barclays’ assets has completed, but it is only one of several wealth management acquisitions in Asia as the trend toward scale continues, according to Mark Wightman, EY’s Singapore-based partner for wealth and management advisory.
Bank of Singapore to open PB services in Dubai
The bank intends to offer services including wealth planning advisory to its HNWI and UHNW clients in the Middle East.
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.
China bank PB activity slows in 1H
Assets under management at the private banking units of 10 key mainland banks grew an average 13.5% in the first half of this year, after an explosive surge in 2015.
SFC: Hong Kong PB AUM rises sharply
Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
China’s PBs grow AUM as global banks slow
Asia-based private banks grew AUM 17% on average last year versus a 1% drop globally, according to a recent report by Scorpio Partnership.
Thai bank signs Singapore pact to train RMs
Siam Commercial Bank has partnered with the Singapore-based Wealth Management Institute to address rising demand for RMs.
