wealth management

Why a savings account alone is not enough to achieve your financial goals
SINGAPORE (Oct 29): Singapore’s emerging affluent are still far from achieving their top financial goals with their current wealth management strategies, finds a recent study commissioned by Standard Chartered Bank. The Emerging Affluent Study 2018 – Climbing the Prosperity Ladder is the culmination of 11,000 emerging affluent consumers’ views from 11 markets across Asia, Africa and the ...
How do Asia's real 'crazy rich' manage their wealth?
SINGAPORE (Aug 24): A new billionaire is created in Asia every other day, according to UBS and PwC in a joint report on the billionaire set. There were 162 new billionaires in Asia in 2016, compared with 39 in the US and 24 in Europe. While the US still commanded most of the wealth, Asia is likely to overtake it in four years, if the current trend of growth continues. Many of these ...
Schroders launches new fund to deliver stable returns with reduced risk in 'all market conditions'
SINGAPORE (Aug 16): Schroder Investment Management (Singapore) has launched its new fund, the Schroder ISF Global Target Return, which aims to “grow wealth and preserve capital in all market conditions” by flexibly investing across asset classes globally. This includes a diversified range of growth, defensive and diversifying assets from more than 40 countries across 15,000 stocks, 18,000 ...
Hiring for these banking & financial services roles remained robust in 2Q: Randstad
SINGAPORE (Aug 6): Randstad Singapore says 2Q hiring activities have increased for front- to middle-back office operations in the banking & financial services sector, following a quarter of strong economic growth that was partly driven by the finance and insurance sectors. According to the Randstad Banking Market Outlook Q2 2018 report, the trend of increased hiring was especially so among ...
Here's why Singapore trumps Hong Kong as Asia's premier wealth management hub
SINGAPORE (July 27): Singapore has edged out Hong Kong in the fight to be the top premier wealth management hub in Asia, according to The Deloitte International Wealth Management Centre Ranking 2018. The city-state was ranked second globally, just behind Switzerland. “Technology-driven innovation cycles have become even shorter, and digitally enabled business models are becoming the ...
Interaction and advice makes wealth managing that much more meaningful
SINGAPORE (July 18): When it comes to wealth management, a constant dialogue with clients makes all the difference, says Dominique Jooris, South Asia CEO at Pictet Wealth Management. In an exclusive interview with The Edge Singapore, Jooris says “These dialogues are why one would go to a private bank. This is the type of service you would find here, that you would not find at commercial ...
HSBC launches Jade membership programme targeting 'sweet spot' in Southeast Asian wealth space
SINGAPORE (June 28): HSBC Bank (Singapore)  today announced the launch of a new membership programme, HSBC Jade, targeting individuals looking for high net-worth (HNW) solutions in Singapore. In a Thursday press release, the bank says its Jade membership programme will offer a unique combination of personalised relationship management, advanced wealth solutions and luxury lifestyle ...
iFAST enjoys more room for growth after hitting record-high AUA, says DBS
SINGAPORE (Apr 30): DBS Vickers Securities is maintaining “buy” on iFAST Corp with a target price of $1.26, after the wealth management fintech player last week reported improved revenue and overall profitability in its latest set of 1Q18 results. See: iFAST's 1Q earnings double to $2.8 mil on higher revenue & record assets under administration In a report on Monday, lead analyst ...
OCBC Securities' Dennis Hong to succeed Raymond Chee as MD from May 1
SINGAPORE (Apr 23): OCBC Bank has appointed Dennis Hong (pictured) as the new Managing Director of its wholly-owned brokerage subsidiary, OCBC Securities, from May 1. Hong succeeds Raymond Chee – who has served in that capacity since Aug 2012. In the interim, Chee will stay on as Executive Director of OCBC Securities. He will take on his new role as General Manager of the bank’s ...
Asia's top 20 private banks push past US$2 trillion AUM milestone
SINGAPORE (Apr 12): The top 20 private banks in Asia saw their combined assets under management (AUM) soar past the US$2 trillion ($2.6 trillion) milestone in 2017, according to data compiled by Asian Private Banker. The private banking arm of DBS Group Holdings saw its AUM climb 33.6% y-o-y to US$108.5 billion in 2017, while Oversea-Chinese Banking Corporation’s (OCBC) Bank of Singapore ...