A study reveals that the average number of millionaires per physical branch of a private bank or wealth manager in Asia stands at 5,593, far exceeding the global average.
BlackRock hired a previous McKinsey partner as its new head of Asia Pacific, taking over from Ryan Stork.
UOB Asset Management entered a deal to acquire 75 percent of Indonesia-based PT PG Asset Management.
The private bank at Barclays has lost a banker known as a «big-hitter» at its London offices. He has resigned after twelve years with the firm.
French Insurer Axa acquires the remaining 50 percent stake of the domestic sharholders of Axa Tianping Property & Casualty Insurance in China.
A survey in Asia reveals that high-net-worth clients have shown increased interest in succession planning. A top risk lies in beneficiaries not being able to properly manage inherited assets.
One year ago, a whistleblower raised alarm about bond fund manager Tim Haywood. As the asset manager struggles find a way out of crisis, the bond star is still in the dark about his fate.
Trade Bank of Iraq, Standard Chartered Bank and General Electric close a multi-million deal that will benefit the Iraqi people for generations to come.
British bank Standard Chartered generates a lot of its revenues and profits from emerging markets. Is CEO Bill Winters worried about the escalating trade war between the U.S. and China?
As competition for high net worth customers heats up, Singapore's banks find creative ways to capture new customers at en bloc sales.
Where banking is headed: creating and assembling platforms that go beyond the traditional financial services, writes Sebastian Wedeniwski, Standard Chartered’s Chief Technology Strategist, on finews.asia.
The location of Singapore has blessed all lovers here with close proximity and inexpensive ferry rides to pretty islands. So skip the Maldives and the splurging and head to these hotspots instead.
It seems that the aim of the new regulations in the EU is to strengthen the protection of advisory clients in the financial business, preventing another financial debacle, as we experienced in 2008.
New Pictet partner Boris Collardi is breaking with a long-held tradition. The shift is emblematic of wider changes in private banking.
UBS is poaching a high-ranking human resources executive from J.P. Morgan, finews.asia has learned. Her hire comes as the bank grapples with a rape case.
The Government of Montenegro voted on the parameters for its Residence and Citizenship by Investment Program. The country will start accepting applications starting in January 2019.
Singapore's third-party institutional-grade custodian service KeySafeBank signed two MoUs agreements with NEM Singapore and PAL Network.
A report, based on a comprehensive study of 16 cities in developed and emerging markets across Asia, examines nearly 60 criteria to determine the best locations in Asia for finance sector occupiers.
Singapore’s ruling People’s Action Party will likely name Heng Swee Keat as its first assistant secretary general, media said, indicating he is expected to become Singapore's next prime minister.
It is always impressive to see how wrong humans, and in particular male investors, are about their past performance, writes Christina Boeck in an exclusive essay for finews.first.
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