There was a time when wealth management in Asia seemed to be all about equities. And having a deep private banking network, solid trading and risk management capabilities, plus a scaleable electronic system able to continuously feed equity accumulators to clients eager to place a leveraged bet on stock prices rising, was a guarantee of a success.
But that business model faced severe challenges when equity markets in the region crashed last year, leaving investors nursing
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts
- Swaps data: SOFR volume and margin insights