Wealth Management
RHB Islamic Bank targets $1.28b in wealth management by 2026
Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.
RHB Islamic Bank targets $1.28b in wealth management by 2026
Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets.
Weekly Global News Wrap: Morgan Stanley rolling out gen AI support for FAs; Russia’s Sovcombank sues HSBC to recover debt
And private equity firms allege fraud as they seek $750m from Morgan Stanely.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
StanChart names Mike Tan as new global head of wealth planning and family advisory
He will start in his new role on 25 September.
Liyen Wee takes spot as VP, head of wealth at Cohen & Steers
She will be headquartered in Singapore under David Conway’s management.
The majority of Singaporean and Hong Kong youth believe that financial advice-seeking is beneficial
The study reveals that family comes in third most reliable source of financial advice.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
Check out how APAC family offices moved their investments in Q2
There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.
Hang Seng Bank opens two new cross-boundary wealth management centres
One is in Shenzhen and the other is in Tsim Sha Tsui.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
StashAway, family office firm to offer clients with more investment options
ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
HSBC launches global private banking business in India
It will service clients with investable assets of over $2m.
Family offices spur growth of financial wealth in Singapore
There are now 800 family offices in the city, compared to only 100 five years ago.
End of cheap money era: Maybank’s Alvin Lee on investing in an era of wealth preservation, protectionism
Globalization is no longer the best strategy for banks if they wish to thrive in the new era of investing.
HSBC winding down wealth, personal banking business in New Zealand
The bank can no longer justify investing into this business, it said in a statement.