With equity markets volatile rare wine might look like a better bet to hold or drown your sorrows. Sotheby’s sale of finest and rare wines held last Saturday in Hong once again produced strong results. The auction featuring Burgundy Direct from Maison Camille...
MYbank the Alibaba supported Internet bank has been given the green light to commence business by the Chinese authorities. At present the Chinese banking sector is dominated by the state owned banks with China Minsheng Bank being the only privately held bank. The...
The Asian Wealth Times understands that the head of wealth management for South East Asia at Royal Bank of Canada will leave the bank at the end of this month. The bank confirmed this to AWT late on Wednesday evening. Highly respected and experienced private...
A high profile banker said last year that the FinTech innovators were going to eat her lunch. Judging from the drive, enthusiasm and innovative brain power gathered together in Singapore yesterday, (and today), it is clear that the bankers breakfast and dinner...
The latest Westpac MNI China Consumer Sentiment Indicator was unchanged at 111.1 in May, slightly below the average of the past 12 months of 112.4. While sentiment remains at a low level, the recent stabilisation in the survey provides a tentative signal that the...
8 Securities, a leading mobile trading and investing service in Asia have announced the launch of Japan's first robo-advisor service. 8 Now! is a simple way for individuals to create and automate a professionally designed global portfolio at a fraction of the...
Here is a brief roundup of the senior moves across the region so far this week: The managing partner of KKR Asia Joseph Y Bae will relocate to the private equity firm’s New York headquarters. It is thought that Bae will continue oversee the firm’s Asia operations...
In 2013, after DBS Bank announced its intent to commit SGD10 million over three years to enliven Marina Bay, the bank proceeded to introduce a slew of activities to attract people from all walks of life to the bay. With the burgeoning success of these community...
The Westin Sydney hotel has been sold to a joint venture between Singaporean developer Far East Land and the Hong Kong-listed Sino Land Company for A$445.3 million. The deal was announced in a statement on their respective sites. GIC purchased the property for...
The US based funds management firm Ariel Investments announced its expansion into the Asia-Pacific region with its first offshore office to be established in Sydney. The firm has appointed Australian institutional investment veteran Ian M. Webber to lead its...
A spokesman for UK supercar manufacturer McLaren has indicated that sales in Asia and in particular China, are gaining strength. With more Chinese entrepreneurs entering the UHNW category through IPO’s and with recent gains across equities markets some of that...
Passion Investing continues to gain ground and more serious attention from Asian investors. Vintage cars, art and the perennial favourite fine wine are all seeing strong growth across Asia. In the recent Knight Frank Wealth Report the Fine Wine Icons Index was up...
According to reports out of Australia UBS Group AG is closing its Australian wealth management unit. It was widely known that the Australian business had been under review. Last month the president of UBS wealth management Juerg Zeltner confirmed a strategic...
United Overseas Bank Limited (UOB) have announced that it had helped more than 500 companies expand their business into Southeast Asia since the launch of its Foreign Direct Investment (FDI) Advisory Unit four years ago. Recognising the need for a dedicated unit...
The Hong Kong Monetary Authority (HKMA) has issued an alert to members of the public to a fraudulent website with the domain name: "http://new.positio.pl/tmp/HKSBC". The website purports to be the official website of The Hongkong and Shanghai Banking Corporation...
Responding to the growing and ever more educated demand the CWT Group is about to launch a sophisticated state of the art wine storage facility in Singapore. Set not amongst the ostentatious curtain walled towers of the central business district or wedged into...
UOB Asset Management Ltd (UOBAM) and Wellington Management Singapore Pte Ltd signed a Memorandum of Understanding (MOU) to develop investment solutions designed specifically for UOBAM’s increasingly sophisticated client base in Asia. The MOU will bring together...
A quick round up of the most recent senior moves across the region. Matthew Kirkby has left his role at CIMB Malaysia and joined HSBC as head of large corporate business for Asia JP Morgan Private Bank have added Lawrence Ang to the Hong Kong team. Allen Chiu has...
PwC have announced that it has launched its Asian Investment Fund Centre in Singapore, which will focus on enhancing its presence in the asset management industry across the region. This initiative will allow PwC’s asset management practice in Asia to move into...
Peter Lim the Singapore based tycoon with several high profile sporting investment interests has seen his Valencia team secure the fourth spot in La Liga guaranteeing them a place in the Champions League play-offs. Should the Spanish team make it through to the...
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