Barclays, the epitome of British wealth management, is quietly shifting private bankers out of London ahead of the U.K.'s European Union exit, finews.asia has learned.
Financial services firm Barings is adding resources in the Asia Pacific region as part of its long-term growth strategy. There is also a new Head of Wealt- and Retail Distribution for Greater China and Southeast Asia.
With Asia on the cusp of a wave of inter-generational wealth succession, structuring of personal wealth through a trust is essential for the preservation of assets. Sourcing the best partner has never been more important.
Crealogix, a Swiss software provider which also has a Singapore office, has designed a robo adviser solution for private bank Hauck & Aufhaeuser. The offering is mainly aimed at new, wealthy customers.
Rising interest rates and a change of U.S. trading policy suggest that money will be treated differently, according to Konrad Hummler. Will it precipitate a return of competition among banks?
Maybank Singapore wants to capture a bigger share of young and wealthy clients in the region. It will soon launch its first branch that combines the concept of a café and banking services.
The Hong Kong Monetary Authority has requested stored value facility operators and banks to adopt processes that enhance user protection, amidst a surge in cyber crimes involving fake bank websites.
The exit of Kathy Shih from UBS leaves a gaping hole at the Swiss bank. finews.asia's Editor-at-large Shruti Advani looks back on what the Asian wealth doyenne taught women in finance.
The surge in the number of billionaires in China, the world’s most populous country, has made it an Eldorado for private banks. But it is a business not without risk though.
UBS' strategy update shows one thing very succinctly: CEO Sergio Ermotti doesn’t intend to get caught out before he calls time on his career at the bank.
Ultra-rich clients of private banks are often spoiling for a fight – and their wealth managers need to be ready to give them one, ex-hostage negotiator Matthias Schranner tells finews.asia-TV.
UBS won't stray from its wealth management-centered strategy in the next three years. But the Swiss bank is putting the unit on a spending diet – except at bonus time.
UBS' long-standing head in Asia is retiring after more than three decades with the Swiss bank. Her protégé joins the bank's top management as a result.
UBS' third-quarter profit jumped by nearly one-third, helped by big spending cuts. The Swiss bank was cautious for the rest of the year for its heavyweight wealth arm.
U.S. banking giant Citi is the first bank to introduce text, audio and video banking for the affluent segment in the territory. Following the launch, the technology is also going to be introduced in other parts of Asia.
The detention of a UBS banker in China highlights the sensitive issue of capital fleeing the country. Swiss banks have been among the beneficiaries of the wealthy socking away money abroad.
Southeast Asia's ride-hailing giant Grab has tied up with MasterCard to issue prepaid cards targeting Southeast Asia's unbanked or under-served population. The tie-up follows similar moves of its peers in other regions.
Swiss bank UBS has cautioned investors that Asia is beginning to cool. The red-hot Hong Kong real estate market is in particular focus.
Goldman Sachs faces the wrath of British customs in one of the largest corporate tax rulings of the decade.
Credit Suisse CEO Tidjane Thiam is ducking press at quarterly results next week. The move is a break with tradition.
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