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.
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
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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.
Investors seeking low-risk investments have always been attracted to floating-rate notes (FRNs), and increasingly to the floored and collared variety, according to the latest investment quarterly report from RBC Wealth Management. “The interest rate...
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
Household wealth in the US is rising, according to Société Générale Private Banking (SGPB). “As wealth has increased on the back of rising housing and equities prices, US households have been more inclined to consume [which is known as a positive...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.