The global wealth of high net worth individuals rose by 7.5% in 2016, presenting an opportunity for wealth managers and technology firms, according to the Capgemini World Wealth Report 2017.
Tag: Wealth Management
Asia’s HNWIs reveal doubts about RMs
High net worth individuals in Hong Kong and Singapore are much more aware of human-related risks associated with their wealth advisors compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.
Survey: Asia WMs single out strict regs as top concern
Tightening regulations are top of mind for Asia’s wealth managers, as well as how to get a share of Asia’s growing wealth pool, according to Singapore-based Arete Financial Partners.
Study: Asia’s WM needs to embrace digital future
The future of wealth management in Asia lies in digital wealth advisory models, according to a study published by Oliver Wyman, a management consultancy.
Jupai loses co-founder and director
Top execs are being reshuffled as Wesley Weishi Yao, co-founder and COO of the US-listed Chinese wealth manager resigns along with an independent director.
StanChart in hiring spree as other PBs pull back
As the private bank industry consolidates in Asia, Standard Chartered reveals several recent senior hires for its Greater China and North Asia (GCNA) private bank and wealth management teams.
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.
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.
DBS PB poaches UBS WM head
Joseph Poon has left UBS Wealth Management to serve as regional head of Southeast Asia for DBS Private Bank.
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.
