Breaking the curse of the Chinese saying that "wealth will not last three generations", Greg Johnson, chairman and chief executive of wealth management company Franklin Templeton Investments, one of the world's largest financial firms, is living proof that business succesSaturday, 22 February, 2014, 4:58am
Ariane de Rothschild, who ranks second only to her husband, Benjamin, at the legendary financial dynasty's Edmond de Rothschild Group, says rich Chinese friends and clients ask her the same question whenever she visits the mainland: how can you keep your family wealth for generation after generation? And how has the Rothschild family done that for centuries?2 Dec 2013 - 11:22am 17 comments
Last month the Hong Kong Institute of Bankers, Treasury Markets Association and Hong Kong Securities and Investment Institute published a consultation paper. It seeks to help Hong Kong gain a larger share of the private wealth management (PWM) business in Asia-Pacific, by establishing a new qualification and a PWM association, to improve standards of training, qualification and the integrity of PWM practitioners.21 Apr 2013 - 4:56am
As net money flows into the Asia-Pacific continue, the wealth management unit of Swiss bank UBS is aiming to tap the investment market by growing its business at double the rate of gross domestic product expansion in the region.15 Apr 2013 - 3:43am
Credit Suisse, the second-largest bank in Switzerland, will focus on developing its wealth management and investment banking businesses in Asia in the next few years to tap the region's rapidly growing prosperity.8 Apr 2013 - 3:17am
Just how big the pool of bad loans is in the mainland's banking system has become a hot topic among economists and bankers, and even China's banking regulator, at financial forums in Beijing recently.19 Dec 2012 - 2:37am
Mainland bad-loan risks are manageable although non-performing loans are on the rise, China Banking Regulatory Commission vice-chairman Cai Esheng said.
Although non-performing loans in some regions, such as Wenzhou, were rising, bad-loan risks were still under control, Cai said at a forum hosted by Caijing magazine yesterday.8 May 2015 - 9:46am
The attraction of equities and other financial instruments will rise and fall with the tide, but investors can always bet on one sure thing: as a long-term play, gold will never lose its lustre.26 Nov 2012 - 9:35am
Credit Suisse, the second-largest Swiss lender, has named Gael de Boissard co-leader of the investment-banking division and said it will merge asset management with the private bank to speed up cost-cutting.21 Nov 2012 - 2:31am
While investment banks across the town are laying off staff, Bank of China (Hong Kong) is on a hiring spree for its newly launched private banking business.
The lender, one of the largest retail banks in the city, yesterday announced the launch of private banking services for customers with at least US$2 million to invest.8 Nov 2012 - 2:22am
Ping An Insurance (Group) said last night its third-quarter net profit was lifted by meaningful top-line growth in its banking operations after it merged with Shenzhen Development Bank in April.31 Oct 2012 - 4:11am
UBS is under investigation in Singapore along with other banks for possible manipulation of Libor and other benchmark rates, the Swiss bank said yesterday.31 Oct 2012 - 3:11am
Asian private wealth manager Bank of Singapore is looking to cash in on China's rising affluence to reach its goal of doubling its global assets under management in four years.8 May 2015 - 9:46am
RBC Wealth Management, the world's sixth largest wealth manager by assets under management, is seeking small to medium-sized asset managers in Asia, and plans to more than double client manager numbers by 2015.15 Oct 2012 - 2:53am
Mainland financial firms are embracing industry changes and opportunities arising from uncertainties about the economy to expand their wealth management offerings to customers.
In their interim results just released, most banks reported year-on-year increases in fee income from wealth management services.3 Sep 2012 - 3:30am