Rajiv MenonFinance
Vietnam Cuts Reserve Price by 44% for Truong My Lan Luxury Yacht
The Reverie Saigon will go under the hammer on Oct. 28 alongside two companion vessels after six previous auctions failed to attract a single bidder.
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wealth
Every story tagged wealth on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged wealth
85 stories in this topic
Aiko TanakaFinance
Vingroup Deputy Chair Pham Thu Huong Enters Global Top 1,000 Wealthiest at $4.5B
A 51 per cent surge in Vingroup shares lifted Pham Thu Huong into 963rd place globally, making her Southeast Asia’s second-richest woman.
Maria SantosFinance
CIMB Expands Wealth Services into Singapore and Thailand, Targeting Southeast Asias Rising Affluent Class
CIMB Group, Malaysia’s second-largest bank in terms of assets, has announced its intention to expand its private wealth business to Singapore and Thailand by the end of the year. This move is part of a larger plan to double the bank’s wealth assets under…
Rajiv MenonGeneral
Bangkoks Ultra-Rich Population on Pace to Lead Southeast Asias Wealth Boom
Bangkok is emerging as Southeast Asia’s most dynamic hub for ultra-high-net-worth (UHNW) individuals, illustrating Thailand’s increasing allure for global wealth despite ongoing economic and geopolitical instability. The UHNW populace in Thailand’s capital is…
Minjun ParkFinance
UOB Private Bank Taps Dennis Hong to Fuel North Asias Wealth Management Expansion
United Overseas Bank (UOB) Private Bank has announced the appointment of Dennis Hong to the position of Regional Market Head for Greater China and North Asia, commencing in September 2026. This decision aligns with UOB’s ongoing plan to fortify its wealth…
Aiko TanakaFinance
OCBC Boosts Hong Kong Wealth Management Team by 30% Amid Rising Demand
The Oversea-Chinese Banking Corporation (OCBC) has announced plans to bolster its wealth-management staff in Hong Kong by 30% this year. This move is a strategic reaction to an increasing demand from its clientele for investment and financing services.…
Rajiv MenonFinance
OCBC Posts 5% Surge in Q1 Profits, Bolstered by Wealth Management and High Fees
In the first quarter, the Oversea-Chinese Banking Corporation Limited (OCBC) experienced a decline in its net interest income. However, this was counterbalanced by increases in wealth-led gains and higher fees, resulting in an overall rise in total income.…
Aiko TanakaFinance
BNP Paribas Switzerland Pivots to Wealth Management, Targeting Swiss Entrepreneurs and High-Value Lending Market
BNP Paribas, the French multinational bank, has recently finished the restructuring of its Swiss operations, with a primary emphasis on Wealth Management. From this point onwards, the bank’s primary concern will be to expand its wealth management sector,…
Maria SantosFinance
HSBC Bolsters China Wealth Management with Strategic Duo Appointment: Max Xu and Samuel Chen
HSBC, the London-based financial institution, recently announced two significant additions to its Chinese wealth management and private banking sector. New Leaders at the Helm Max Xu has been appointed the head of international wealth and premier banking…
Sarah ChenFinance
UBS Wins U.S. National Charter: Broadening Services for Wealth Management Clients
UBS is set to transform its U.S. entity, UBS Bank USA, into a nationally chartered bank following approval from U.S. regulatory bodies. The announcement was made via LinkedIn by Rob Karofsky, President of UBS Americas. A Significant Milestone for UBS Karofsky…
Minjun ParkFinance
HSBC Unveils Premier Elite Space in Singapore: The Largest Wealth Center Yet
HSBC has made a significant stride in expanding its footprint in Singapore by opening its fourth and largest wealth center in the city-state. Situated on the 33rd floor of the Singapore Land Tower, the wealth center spans 7,884 square feet and is equipped…
Rajiv MenonFinance
Gold Glitters High in Vietnam: Bullion Boosted by Global Rally and Wealth Day Purchases
On Wednesday, the price of gold in Vietnam experienced a rise, mirroring the global surge in bullion rates after a decrease during the earlier session. Saigon Jewelry Company reported a rise of 0.38% in gold bar prices, reaching VND185.3 million ($7,090.80)…
Sarah ChenFinance
DBS Wealth Management Hits Record-Breaking Asset Surge in 2025
DBS’ wealth management business achieved remarkable success in 2025, setting records in both assets under management and net new assets. Unprecedented Growth According to the bank’s Chief Financial Officer, assets under management soared by 19 percent,…
Rajiv MenonFinance
HSBC Empowers Staff with Innovative Wealth Academy in Singapore: A Game-changer in Wealth Management Training
In a bid to bolster the skills of its customer-facing staff in the area of wealth management, HSBC has inaugurated a new learning initiative in Singapore, partnering with an academic institution and an aviation firm. HSBC has unveiled its Wealth Academy in…
Minjun ParkFinance
Veteran Citi Executive Carl Ashton Leaps to UBS, Boosting Australia’s Wealth Management Unit
UBS Global Wealth Management has recently expanded its team, bringing in industry expert Carl Ashton. Stationed in the Singapore office, Ashton will be focusing on the Australia market. A Wealth of Experience Ashton is no stranger to the finance industry,…
Sarah ChenFinance
Ida Liu, Ex-Citi Veteran, Takes Reigns as HSBC Private Bank’s Global CEO: A New Era of Cross-Border Wealth Management
Former Citi veteran, Ida Liu, has been announced as the new Global CEO of HSBC Private Bank, effective from January 5, 2026. This strategic move aims to enhance the bank’s leadership among ultra-high net worth clients, bolster cross-border connectivity in…