HNWIs in Asia-Pacific are most likely to adopt wealth management offerings from big tech firms.
Tag: Wealth Management
Lu International gains HK licences
The subsidiary of China online wealth management firm Lufax can now tap Hong Kong retail customers after receiving regulatory approval.
Stan Chart reshuffles wealth unit
The bank has plucked a new global head of wealth management from Bank of Singapore to replace Didier von Daeniken.
Noah WM reports slight profit in 2019
A tough Q4 has impacted the NYSE-listed Chinese wealth management firm.
Standard Chartered launches WM tool
Clients now have quick access to relationship managers as the bank embeds a personalised function in its wealth management app.
Restructuring HSBC merges WM clients
A combined unit will address “the entire spectrum of private wealth, from retail clients to ultra high net worth”.
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.
St James’s Place plans HK growth
The UK wealth manager aims to expand its share of the territory’s mass-affluent market to 15% in the next five years, according to its Hong Kong head.
CMB and JPMAM form strategic partnership
Under the agreement, JP Morgan Asset Management (JPMAM) will be a “preferred product provider” to CMB Wealth Management (CMBWM), offering access to its offshore and onshore funds.
Noah WM reports Q3 income plunge
The Shanghai-based wealth management firm reported income dropped 50% in the third quarter due to factors including China’s slowing GDP.