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FINANCE Tuesday, 5 May 2015 16:46

Chinese Investors Buy Into US Golf Heartlands

Founders Group International (FGI) has acquired the majority of National Golf Management's assets, giving the company a vested interest in the most visited golf destination in the world. Formed in 2014 through various purchases and the 2015 acquisition of...

FINANCE Tuesday, 5 May 2015 16:43

More Moves In Hong Kong Wealth Management

It is only the first week of May but the changes keep coming at Hong Kong private banks with two notable moves already this week. Will W. Wang joined BSI as the head of investment counseling. Wang came from Barclays in Hong Kong where he was the head of active...

FINANCE Tuesday, 5 May 2015 16:40

Westpac Adds Wealth And Fintech Experience

The former AMP chief executive Craig Dunn has joined Westpac Banking Corp's board as an independent director. Dunn is also the chairman of Stone & Chalk a new physical Fintech hub being built in Sydney. Westpac is among the foundation members of the hub. Dunn who...

FINANCE Monday, 4 May 2015 16:28

UOB Opens Doors In Myanmar Today

Singapore headquartered bank UOB will open its doors to business today in Myanmar with a new branch in Yangon. It joins nine banks from Malaysia, Thailand, China, Japan and Australia who were granted provisional licences to operate in Myanmar all hoping for...

FINANCE Monday, 4 May 2015 16:18

DBS Joins Hong Kong Incubator In Fin Tech Push

The FinTech industry has seen rapid growth over the last few years and a new collaborative initiative between DBS Bank (Hong Kong) Limited and Nest, the leading Hong Kong-based investment and startup incubation firm, aims to create opportunities for innovators...

FINANCE Monday, 4 May 2015 16:15

Fosun Group Seals Another Deal

Hot on the heels of acquiring a substantial commercial property in Milan, (as reported here on Asian Wealth Times last week), China’s Fosun Group is making the news again with reports out of New York that the Shanghai based conglomerete will co-develop a luxury...

FINANCE Monday, 4 May 2015 16:10

Hong Kong Banker Swaps Singaporean Banks

For Singaporean based private banks Greater China is a key hinterland for revenue and asset growth outside of their home base. Bank of Singapore and DBS compete on home soil and now they are contesting overseas. In the most recent move DBS have come out on top in...

FINANCE Friday, 1 May 2015 16:37

Final April Moves

Here is a round up of the latest moves in wealth management as April comes to a close. Richard Straus has joined Bank Julius Baer as the new market head for Taiwan, he will be based in Hong Kong. Straus moved from Citi Private Bank where he had been head of...

FINANCE Friday, 1 May 2015 16:24

Standard Chartered Renew Liverpool Agreement

Standard Chartered Bank recently announced a three year extension to their main sponsor agreement with Liverpool Football Club taking the Bank's partnership with the Club through to the end of the 2018/19 season. Banking campaigns and promotions across Asian...

FINANCE Friday, 1 May 2015 16:22

Accenture And Top Banks In Asia FinTech Innovation Search

Accenture and a group of 10 leading financial institutions yesterday opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the...

FINANCE Friday, 1 May 2015 16:19

Research Report Econote No. 34

Our regular contributor Dr Andrew Freris is making his Econotes research available to our subscribers. This is Econote No.34 Dr. Andrew F. Freris a well known figure throughout Asia. He possesses 47 years of market experience which includes senior positions with...

FINANCE Friday, 1 May 2015 16:15

Steady Growth Of China's Mass Affluent

According to the newly published 2015 Chinese Mass Affluent Report compiled by Forbes China and CreditEase the number of Chinese consumers with investable assets of between US$100,000 and US$1 million may jump by more than 10 percent from a year ago to 15.3...

FINANCE Thursday, 30 April 2015 20:33

1.6% Rise In UOB Net Profit

Singapore’s third biggest lender The UOB Group, delivered net earnings of S$801 million for the first quarter of 2015 an increase of 1.6% over the first quarter of 2014, and 1.9% higher than fourth quarter of 2014. Operating profit rose 10.7% from a year ago and...

FINANCE Thursday, 30 April 2015 19:53

OCBC Group Reports Record First Quarter

OCBC the parent group of Singapore headquartered private bank The Bank of Singapore announced strong first quarter results from the city state this morning. Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) reported a net profit after tax of S$993 million...

FINANCE Thursday, 30 April 2015 16:43

Sotheby's To Auction Rare Beijing Map

A rare, large and detailed map of Beijing will go under the hammer at Sotheby's in London later today. The rare Chinese woodcut map of Beijing city in the 19th century shows the inner and outer cities of the capital, including hutongs, temples, palaces, gardens,...

FINANCE Thursday, 30 April 2015 16:36

Deutsche AWM Goes Live with Eagle

Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced yesterday that Deutsche Asset & Wealth Management has gone live with Eagle’s data management solution to support its global operations. Deutsche...

FINANCE Thursday, 30 April 2015 16:33

More Moves In Wealth Management

Standard Chartered Private Bank has lost the services of its Indonesian market head Torsten Linke. He had been with the Singapore based team since 2009. Senior portfolio manager Jessica Xu has left the Hong Kong operations of BSI Bank. The Malaysian banking and...

FINANCE Thursday, 30 April 2015 16:30

Prime London Property Prices Stall

Asian investors from Malaysia, Hong Kong and Singapore are watching with interest as the capital values across London’s prime residential areas begin to stall. With the May 7 UK general election now only days away and with politicians ramping up pressure on...

FINANCE Wednesday, 29 April 2015 17:23

Record Prices For Grosvenor Asia Pacific In Tokyo

Announcing their 2014 results Grosvenor the privately owned property group has reported a strong performance in their Asia Pacific unit with most activity coming out of the buoyant Japanese residential property market. Grosvenor Asia Pacific achieved record sales...

FINANCE Wednesday, 29 April 2015 17:22

Asia’s Wealth Hubs In FACTA Delay

Both Hong Kong and Singapore, Asia’s two wealth management hubs have agreed with the US authorities to extend the reporting dates for their respective institutions. FATCA requires all Financial Institutions outside of the United States to submit regular...

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