The number of Asians with at least $100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic center of gravity” continued moving east, Citigroup Inc.’s private bank said.
Royal Bank manages about $20 billion for customers living in those markets through local offices and wants to expand that to $50 billion, Barend Janssens, head of wealth management in emerging markets for the Toronto-based lender, said today in an intervi
A subsidiary of China's sovereign wealth fund yesterday signed a memorandum of understanding with Dublin's debt agency to explore investment opportunities in Ireland, but gave little detail on what it might be interested in.
Add to Portfolio * Go to your Portfolio » Offering a platform of products tailored to the needs of Asian clients, who naturally tend to favor Asia-centric products, is a must, of course.
Temasek Holdings, the smaller but more visible of Singapore's two sovereign funds, is moving into a new phase with its investment strategy, and could look more like Blackstone Group, another $160 billion institution, which has grown from a focused pr
Historically, setting up private trusts offshore has been a preferred vehicle for Asia’s wealthy families and individuals to manage their assets as they crave the discreetness and protection that offshore trust laws offer in times of war or major li
Product providers are reassessing their offerings to the independent adviser market, according to ANZ Wealth, with new strategies under development to address massive issues.
It’s rare that questions of honor are raised in the buyout industry. But according to Tom Murphy, who manages investments for as many as 40 of Australia’s richest families, it’s time they were.
What this means is that investors - whether retail traders, gold exchange-traded funds (ETFs), or private banking clients - will soon be able to trade and store their gold in Singapore free of GST.
Roughly $96 billion in assets ranging from entire businesses to portfolios of loans, have been put up for sale, a banker who has been pitched the deals in Asia said.
The markets included 300 individuals from Singapore with an average annual income of S$159, 290 (US$126,000).
A Belgian national, has spent 14 years in management positions at the company, including spells as chief operating officer and head of international banking and products for Morgan Stanley’s wealth-management unit.
Looking ahead, however, respondents placed a greater emphasis on advice, with 90% expecting financial companies to educate them in relation to investment and wealth strategies.