Asset Management Firms Need a Wake-Up Call - Research

According to a new industry analysis surveying 96 money managers worldwide that oversee approximately $21 trillion in assets, profit margins since the financial crisis have been managed by controlling compensation and benefits expense.


DBS sees pressure on margins as Q2 profit beats forecasts

The warning mirrored comments by rival Oversea-Chinese Chinese Banking Corp as Singapore lenders brace for an Asian slowdown amid concerns that Europe's debt crisis could dampen business and trade activities in the region.


The New Normal For Asia

The importance of access to accurate and target specific information is a vital element of any financial institution’s roadmap in Asia.


Australian Corporate Philanthropy Needs Direction

The report also found however that the reporting regime around the donations was opaque and that improved reporting standards and disclosure would lead to better targeted philanthropy and significant reputational enhancement for the companies concerned.


OCBC private banking reports AUM increased by 20%

As a share of total revenue, wealth management contributed 26%, unchanged year-on-year. OCBC’s private banking business continued to expand, with assets under management growing 20% year-on-year to US$36 billion (S$45 billion) as at 30 June 2012.


Private banking: Wonder of world wealth

The global banks are allocating more resources to private banking and wealth management in a bid to capture the growing wealth globally and switch to more stable fee-based revenues.


China's banking sector faces increasing risks

As competition for deposits has intensified, Chinese banks — particularly small non-state-owned entities — have been rapidly expanding their WMP offerings, Fitch said in a report released on July 27.


UBS confident in net new money despite challenges‎

In challenging conditions marked by increased volatility and greater client caution, UBS continued to execute its strategy and to deliver on its enduring commitment to clients, achieving pre-tax profit of CHF 951 million.


Millionaires reach the million mark

And the report showed how Chinese individuals with more than 10 million yuan (€1.27 million) broke through the one million mark for the first time, up 6.3 per cent on 2011.


More $$$ to manage

Citing a private bank in Europe, Lim said it had 32,000 high net worth customers in Malaysia as of September 2011 and the number is forecast to grow to 68,000 by 2015.