To strengthen its advisory and investment solutions capabilities in North Asia, Barclays Wealth has recruited Fabian Neo as head of FX advisory and Chi Lee as head of active advisory and investment solutions.
In the face of dramatic market fluctuations, Hong Kong’s securities watchdog is reiterating to investors the importance of understanding the structures of products they are buying, and of closely monitoring the credit risks of product issuers and their counterparties.
DBS Bank will invest S$250 million over the next five years in its private banking platform in Singapore and Hong Kong – directed at developing its people, products and platform.
Following the rapid rise of gold and intervention to control further Swiss franc appreciation, ABN AMRO is recommending investors to focus on cash-generative companies and real estate to provide solid yields as alternative safe havens.
Grahame Petersen has been appointed as group executive for business and private banking at Commonwealth Bank.
The Hong Kong Monetary Authority has granted a banking licence to Banque Privée Edmond de Rothschild under the Banking Ordinance.
Man Group is strengthening its investment management operations in Asia by appointing David Mercurio as head of Asia equity and co-head of global equity strategies, and Pierre Lagrange as chairman of Man Asia.
A recent survey by HSBC has revealed that the youngest affluent populations in Asia are in China, Indonesia and India, with average ages of 36, 38 and 39 respectively.
The majority of middle-income earners in Asia feel a greater need to protect their lifestyle, according to a recent survey by ING Insurance, with around half of respondents saying they intend to buy an additional insurance policy in the next 12 months.
近日，汇丰银行发布《汇丰亚太区富裕人士调查》，结果显示，中国内地富裕人士人均流动资产超过百万人民币（159,253美元）。过去十二月，近六成的内地富人资产净值有所增长，居亚洲平均水平。
近日，台湾金管会宣布，拟修正《证券商办理财富管理业务应注意事项》的相关规定，放宽券商以信托方式办理财富管理业务的自有资本适足比率门槛，由现有的250%下调为200%。
EFG Bank is the best private bank to work for in Asia, according to Hubbis’ 2nd annual peer's poll of the industry.
Hong Kong’s securities regulator has fined a local broker for failing to keep recordings of phone conversations involving a client placing orders.
Global securities regulators have released their report on principles for the regulation and supervision of commodity derivatives markets.
AXA Investment Managers has hired Sandra Lau in a funds distribution sales role, with a focus on South-east Asia.
To implement proposals that refine the requirements for professional investor status, Hong Kong’s Securities and Futures Commission has announced the amendment of the Securities and Futures (Professional Investor) Rules 2011.
Aberdeen Asset Management has hired a senior business development manager for its private banking channel business in Hong Kong.
DBS Bank has re-affirmed its commitment to growing its China business after releasing a record-high half-year earnings report, with net profit growing 160% compared with last year, and surpassing its 2010 full-year earnings.
Singapore Exchange has issued a consultation paper with a proposal to enhance its default management framework for exchange-traded and over-the-counter derivative contracts.
Les Menkes has resigned from his position as head of onshore private wealth management for Morgan Stanley in Asia.
Forbes and Hurun Research Institution have released their 2011 China rich lists, with Liang Wengen, chairman of construction equipment manufacturer Sany Heavy Industry, taking the number-one spot in both of them.
The shortage of talent in Asia’s wealth management industry has made poaching dominant as a growth and recruitment strategy among many banks and other firms – but a new survey shows it is not an effective approach.
