Bank results herald a new world in banking: KPMG report

Australia’s major banks (the majors) continue to perform well on the global banking stage, but their results show they are not immune from interconnectedness with global funding markets and the structural change the new regulatory environment demand


Credit Suisse to Seek China Stock Trading License

China agreed last week to let foreign investment banks raise their stakes in domestic joint ventures to 49 percent from 33 percent, and to shorten the qualification period for a trading license to two years from five.


The changing face of Indian HNI

This is also corroborated by Swiss private banking group Julius Baer who projects India’s HNI population to more than double to 4,03,000 by 2015. It is clear that there will be several “wealth management teams” that will salivate at this


AMP 'on track' to meet Axa deadline

AMP is on track to meet its deadline to integrate the giant wealth management business with Axa Asia Pacific (APH) by early next year after a protracted three-year takeover saga.


Rich Malaysians grow wealth aggressively

A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.


Arts attract philanthropic funds

Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.


Yachts Set Sail for Singapore

Over the past month, Singapore played host to the Singapore Yacht Show and Boat Asia; both focused on showcasing million-dollar boats luring wealthy buyers to Southeast Asia’s increasingly crowded marinas.