Mr Picha said the new service, called the Global Asset Allocation Advisory, requires a minimum investment of 5 million baht.
Asian private bankers’ compensation will level off as firms begin to recognize that the costs don’t “make economic sense,” according to Citigroup Inc. the second-largest private bank by assets in the region.
Russ MacKay, the Associate Portfolio Manager of McLean & Partners, a respected wealth management company, also expects that China’s consumer inflation will fall from 3.4%.
SINGAPORE When Bob Diamond came to Singapore in 2004 to open Barclays' back office at The Atrium, the bank then employed about 500 people, with 150 in investment banking.
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.