Its executive vice-president and head of consumer banking Ronnie Lim said the four areas are product innovation, infrastructure, customer segment strategy and advisory support.
Women in Asia still face barriers in the workforce, particularly in upper management, according to a new report by McKinsey & Company this week — echoing our own findings in the May 2012 cover story of FinanceAsia magazine.
For the second year in a row, Australia has ranked third behind France and the US as the most attractive destination for Chinese millionaires to holiday, according to a report by Shanghai-based private wealth researcher Rupert Hoogewerf.
India’s problems from a record current account deficit to stalled policy reforms and economic growth running at its weakest pace in nine years, are well known and explain a slump in the rupee to a record low.
The number of Indian ultra-high-net-worth households (HNHs) is estimated to have grown by 30 percent year on year to around 81,000 in 2011 and is expected to triple to around 286,000 over the next five years, the report stated.
Private wealth in Asia excluding Japan grew more than five times faster than the 2 per cent global average in 2011, to $24tn, or a fifth of global wealth, according to Boston Consulting Group.
The new product will be introduced to advisers and customers via a new investment bond product known as the ‘Flexible Investment Account', an online investment bond that allows lump sums, regular premiums and ad hoc investments, subject to the
Additionally, CIA did not have an AFSL, and was therefore trading illegally under the Corporations Act.