02/29/2012

Rich Indians among top philanthropists

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

02/28/2012

UBS trader Satur to start A$500 mln hedge fund-sources

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.

02/28/2012

HSBC Pays More For Asia / Latin American Staff

HSBC has revealed that it is coming under increasing pressure on the reward front as it undertakes more of its business in fast-growing economies like Brazil, China and India.

02/27/2012

Forbes ranks Singapore as 3rd richest nation

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).”

02/27/2012

HSBC Profit Surges 28%

The year-over-year improvement was primarily led by strong performance by the Commercial Banking and Retail Banking and Wealth Management segments

02/24/2012

Crescent Wealth partners with US fund manager

Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.

02/22/2012

HSBC To Overhaul UK Bonuses

HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.

02/22/2012

Chastened UBS uses 150th events to polish image

The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.

02/22/2012

Western Australia plans sovereign wealth fund

The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.

02/22/2012

Hong Kong headache: UBS faces 10-fold rent increase

The bank has enjoyed a sweetheart, 10-year lease on space in Two International Finance Centre, which dominates Hong Kong's Victoria Harbour skyline, in a deal struck when the city was staggering from one of its worst economic crises.

02/21/2012

Bendigo Wealth explores scaled advice

The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.

02/21/2012

UBS Sees 25 Asia Family Office Clients This Year

UBS AG’s Global Family Office division aims to begin serving 25 clients in Asia this year, with assets of at least $200 million each, Amy Lo, managing director and head of ultra-high net worth, Asia-Pacific, told journalists in Singapore today.

02/21/2012

Wealth tax to span watches, paintings...

Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.