The sharp increase in wealth management products to $3.6trn raises credit and liquidity risks at Chinese banks, the ratings firm said.
Tag: Wealth Management
Wealth management fees hit 5-year high in Singapore
Wealth management fees more than doubled between 2010 and 2015 at Singapore’s three banks, as Asia Pacific surpassed North America as home to the largest number of high net worth individuals.
When clients go against advice
What can wealth managers do when clients insist on investing in something that is clearly not in their best interest?
OPINION: Talking clients through a market plunge
As volatility roars back, with major markets all negative year-to-date, client expectations also go through wild swings.
Asia strength shines through Credit Suisse $2.9bn net loss
The bank’s net new assets in Asia doubled y-o-y in Q4, but Credit Suisse reported the worst annual loss since 2008.
Report: Barclays wants to sell Asian WM unit
The UK-based bank is exploring the sale of the Asia unit amid declining revenue for its global wealth management business, according to reports.
London & Capital remains a China bull
Philippe Legrand, co-founder of the wealth management firm in Hong Kong, reveals two recent fund selections that underscore his asset class views going into 2016.
Chinese boutique fund house sets up EAM desk
Shenzhen-based boutique Munsun Asset Management is building a team to service private clients, as it sees Chinese individuals and families looking to diversify their international exposure.
China policies unnerve wealth managers
Discretionary wealth manager Arbuthnot Latham has slashed its China allocation and invests in only two funds for its Asia exposure, said Peter Doherty, investment manager for the London-based private bank.
