The development marks L&T's foray into private wealth management, providing it with a robust platform of assets to start, said sources directly familiar with the matter.
The Maybank Diamante Private Client programme was rolled out simultaneously on Monday in Malaysia, Singapore, Indonesia and Brunei and is intended to provide seamless banking services to premium clients.
Multinational families increasingly are turning to high-end estate and tax planners to reduce tax bills when they shift money to children living in the U.S., whether or not their kids are U.S. citizens.
Prior to joining HSBC, Vohra was general manager, private bank, retail banking and wealth management for ANZ Singapore.
As the Western economies continue to struggle to pull themselves out of the storm of post-crisis blues and the cyclone – the European sovereign debt situation – howling through the European Union, the weather in South East Asia looks rather ro
Standard Chartered, the emerging markets lender focused on Asia, reported its ninth consecutive year of record earnings, with pre-tax profits rising 11pc to $6.8bn.
Indian philanthropy suffers from some redundancy, the study found, with most philanthropists preferring to set up programmes through their own foundations, rather than investing in pre-existing non-governmental organizations, or programmes already in pla
Satur, who earlier headed the securities arm of UBS in Australia and the equity trading divisions in the United States, is setting up the macro hedge fund and seeking to raise up to A$ 500 million ($535 million), the sources said.
Using the most recent International Monetary Fund data available, Forbes said Singapore “thrives as a technology, manufacturing and finance hub with a GDP (PPP) per capita of nearly US$56,700 (SG$71,200).”