According to the report, the growth of global private wealth slowed down to 1.9% in 2011. The increase was considerably weaker than in the past two years. Global wealth grew by 9.6% in 2009 and 6.8% in 2010 but the euro zone crisis and a near default on U
The new entity will be named UBS (China) Ltd., and is scheduled to start operations in Q3, the bank said in a statement.
Barclays has announced that it has appointed Rickie Chan as Market Head, Hong Kong, to its wealth and investment management division
Manulife Financial Corp. and AIA Group Ltd. are among companies that were invited to make second- round bids for ING Groep NV ’s Asian insurance business, said four people with knowledge of the matter.
. Ex-UBS employees, including former Managing Director Sachin Karpe, are accused of unauthorised transactions on 39 client accounts, of which 21 reported substantial losses.
The services will include advice in the areas of succession planning, asset preservation, asset consolidation, and philanthropy.
The world's biggest bank by market value, ICBC is the top player by volume on China's gold and futures exchanges, but its participation in foreign markets is limited to over-the-counter trading, which reached a total $90 billion last year.