The wealth of Asia Pacific high net worth individuals (HNWI) stood at $9.7 trillion at the end of 2009, up 30.9% from a year earlier and above the $9.5 trillion held by Europe’s HNWIs, according to the Merrill Lynch CapGemini 2010 World Wealth Report
Hong will provide client coverage and facilitate cross-divisional collaboration within the bank as the most senior representative in Hong Kong for Credit Suisse’s private banking business
Sovereign and Quasi-sovereign entities, which make up the majority of institutional assets in Asia-Pacific, are strategically critical to growing HSBC's regional institutional business, said Rudolf Apenbrink, chief executive officer of HSBC Global Asset...
Paul Hodes will relocated from Malaysia to Singapore to look after traditional managed investments in Asia for Citi's wealth management unit.
Philip Harris is to head the newly created Private Client Wealth Management team as RBC continues to build on its platform in the UK
Investec unveils its first boutique products aimed at the wealth and discretionary management market
Peter Flavel is expected to join JP Morgan Private Wealth Management Asia in the fourth quarter as part of US bank's expansion in the region
Hong Kong affluent individuals hold average liquid assets of $301,289, almost double Singapore’s at $183,145 and Taiwan’s at $155,162.
Chris Lee has taken over global market investment products and the db-x division in Asia for Deutsche Bank. Formerly head of the structured products group at UBS, Lee started at Deutsche in the last week of June.
Hong Kong's population of wealthy individuals more than doubled last year - the strongest crisis rebound in the world.
German bank moves to increase its private banking coverage for North Asia
US bank seeks to put in place senior management to take on the lucrative Asian wealth market.
Citi Private Bank has added three private bankers in its New York office. All have moved from US Trust, Bank of America Private Wealth Management, with two joining as managing directors and one as a senior vice-president
Recently, reduced household incomes from the decline in home and equity prices, as well as rising unemployment, have forced Americans to reconsider how they spend and invest their personal finances. For those in retirement, wealth preservation and investment...
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