Northern Trust Secures 22 Client Wins, with Six in Asia Pac

NTHFS provides middle-office and administration services including trade processing, valuation, real-time reporting, cash management, accounting, collateral management and investor servicing. It has more than US$170 billion in hedge fund assets under admi


Wealth managers quietly shed jobs

All major Australian wealth groups are believed to be undertaking significant strategic changes following a reduction of fund inflow and poor equity markets.


BofA Ditches the Middle Class

BofA’s non-U.S. business reaches out to “mass affluent” clients whose wealth is measured in hundred of thousands of dollars, rather than its ultra-wealthy clients worth tens of millions.


Chinese flying high as demand grows for private jets

The government first allowed people to own and fly private aircraft in 2003; now there are between 130 and 150 mainland-registered private business jets in China, and the market is set to increase tenfold in coming years.


Europe's old wealth seeks new home in Asia

These days, that Italian clan and other ultra-affluent families are moving assets to Singapore by setting up family offices in a city-state often touted as the Switzerland of Asia.


Estate of the art

According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.


China’s new wealthy take tips from the West

China’s new wealthy take tips from the West Wealthy Asians in China and elsewhere are recognising the need to properly manage and pass on their money, and are receiving advice from Western families, notes Scorpio Partnership.


RBC ready to pounce on Asian opportunities

Royal Bank of Canada has its sights set on expansion in Asia, with an eye to building its wealth management business to take advantage of China’s rising prosperity.


Citi woos the urban middle class

According to estimates, this customer base is largely urban, tech-savvy and uses a host of services other than the traditional banking tools.


ANZ culls wealth mmanagement team

"The changes in our Wealth business are in response to a challenging environment which has emerged in recent years," the spokesperson said.