Tag
85 stories in this topic
Wellington Management has enhanced its alliance with Standard Chartered Bank by launching exclusive no-load share classes of the Wellington Asia Quality Income Fund for the bank’s customers in Singapore. This strategic initiative enhances its competitive…
BNP Paribas Wealth Management has recently established an Artificial Intelligence (AI) Center of Excellence in Singapore. This new AI hub signifies the bank’s commitment to harnessing digital innovation in Asia’s burgeoning financial sector. The Four Pillars…
DBS bank reported a record-breaking income for the third quarter of 2025, largely due to strong fee income from wealth management. However, the bank’s net profit experienced a slight dip of 2 percent year-on-year, almost S$3 billion ($2.3 billion). This was a…
UBS, a Swiss multinational investment bank and financial services company, has signaled its plans to significantly expand its footprint in the United States’ financial market. This move demonstrates UBS’s dedication to deepening its presence across the…
Goldman Sachs, headquartered in New York, is extending its international presence with the establishment of an onshore wealth management operation in Saudi Arabia. The banking giant is initiating an onshore private wealth management presence in Riyadh, Saudi…
In the ever-evolving landscape of taxation, Vietnam’s Ministry of Finance has stirred the pot with a proposal to overhaul the Personal Income Tax Law, aiming to streamline tax brackets from seven down to five. While maintaining the maximum marginal rate at…
Hermes, the esteemed French luxury brand, has demonstrated impressive sales growth in the first half of the current year. This surge in revenue was experienced across all regions as affluent customers continued their patronage of the brand’s distinguished…
The Ripple Effect of Risky Currency Derivatives The fallout from the sale of high-risk currency derivatives is prompting UBS to scrutinize the actions of several of its client advisors. Reports from Bloomberg reveal that the bank is investigating six…
Shangri-La Asia, a leading player in the Asian hospitality sector, has named Kuok Hui Kwong as its new chief executive officer, effective August 1. Kuok is the daughter of Robert Kuok, who stands as Malaysia’s wealthiest individual. Solid Leadership…
Saving for that dream vacation has officially eclipsed financial security as the leading aspiration for wealth among investors. In a revealing study by HSBC, Singapore is crowned as Asia’s premier offshore wealth destination. Singapore’s Winning Streak in…
While Singapore’s net financial assets per capital grew 4.4 percent year-on-year, global economic instability and trade wars are weighing heavily on the global middle class, according to Allianz’s new Global Wealth Report. With net financial assets per capita…
A generational shift is on the horizon for Swiss wealth managers, with the U.S. offering valuable insights into how to navigate this evolving landscape. The independent wealth management industry in the U.S. has seen substantial growth over the past few…
Allianz has kicked off 2025 with an impressive bang, announcing record results for the first quarter. The insurance giant posted an operating profit of €4.2 billion, despite facing a one-off negative tax impact related to the expected sale of its holdings in…
Multipolitan has released its inaugural Wealth Report for 2024, titled Navigating the Future of Wealth. This insightful report examines the profound changes in the global wealth landscape, primarily driven by a historic transfer of assets from Baby Boomers to…
Swiss wealth and asset manager Vontobel delivers strong first-half results as the wealth management unit performs strongly. However, institutional investors «continue to defer investments which was reflected in negative outflows. The firm plans to hire over…
Zwei Wealth seeks to become the family office in your pocket. An experienced wealth manager joins the Zurich-based wealth advisor. Daniel Hug becomes a partner of the wealth advisor Zwei Wealth co-founded by former UBS chief economist Klaus Wellershoff, the…
Weekly Briefing
Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.