Sampoerna family moves into banking

Although the sector has already seen the presence of various big banks, Bank Sahabat Sampoerna president director Indra W. Supriadi said the market was still large enough for a new player.


More Wealthy Chinese Said to Prepare Exits

The recent interest builds on a trend of growth in applications from Chinese seeking to emigrate to places like the U.S., Canada and the U.K. in recent years, including to programs that promise citizenship in exchange for investments: In the U.S., 75% of


NAB achieves solid wealth result

Despite sluggish investment markets and an increase in insurance lapses, NAB wealth grew both funds under management (FUM) and cash earnings before investment earnings on shareholders (IoRE).


A Luxury Slowdown in China? Don’t Hold Your Breath

Mainland-Chinese customers generate roughly one-third of Gucci and Prada’s world-wide sales, he added, and it’s not uncommon for rich Chinese to spend one-quarter of their disposable income on luxury goods.


HSBC In Talks To Sell South American Operations

The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."


Wealth-X Profiles Global Single Family Offices

Wealth-X, the global UHNW prospecting, intelligence and wealth due diligence firm, has unveiled detailed information on nearly 700 global single family offices representing over $1 trillion of assets under management.


Noah Holdings reports 10.8% increase in revenue

Noah Holdings Limited, the leading independent service provider focusing on distributing wealth management products to the high net worth population in China, today announced its unaudited financial results for the first quarter of 2012.


Luxury travel website launched for Indonesia

A new luxury website and social media activity targeting Indonesians interested in travelling to premium destinations have today been launched by Auckland Airport as part of its Ambition 2020 initiative, designed to grow greater value from international a


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.