News

News

China to overtake US as world’s largest NWB market

Posted by Anton Murray Consulting on . Posted in News

Households with financial assets of US$100,000 to US$2 million comprise the world’s fastest growing wealth segment when measured by growth trends across 32 countries around the world. Yet its growth dynamics, lifestyles, values and investing habits are generally underreported compared with other segments.

New wealth builders (NWBS) today have US$88 trillion in global assets and are expected to grow at a compound annual growth rate (CAGR) of 7.1%, to reach US$145 trillion by 2020. Since 2010, the group has grown faster than any other wealth sector– including high net worth or mass market segments–and is forecast to grow even faster in the next decade, says a new Economist Intelligence Unit (EIU) global report, sponsored by Citi, The New Wealth Builders.

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UBS targets Asia for Wealth Management Growth

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Matthew Miller

UBS AG (UBSG.VX), the world’s biggest wealth manager, expects Asia Pacific assets to account for as much as 30 percent of the funds it oversees within the next 10 years, the Swiss bank’s chief executive said.

UBS’s wealth management business looked after about $2.04 trillion (1 trillion pounds) in invested assets at end-2014, half of which in the Americas, according to bank filings.

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Why haven’t ‘Flash Boys’ claims been proven?

Posted by Anton Murray Consulting on . Posted in Investment Banking News

It’s a year since Michael Lewis‘ explosive claim in “Flash Boys” that the market is rigged. Why haven’t any of his claims been proven yet?

As we approach the one-year anniversary of one of the most controversial books ever written about the financial industry – a book that resulted in four congressional hearings, enjoyed several weeks on the New York Times best-seller list and sparked countless debates – key questions still linger concerning the very issues that Michael Lewis claims to have exposed in Michael Lewis’ “ Flash Boys .”

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Gender diversity matters, says Aberdeen AM

Posted by Anton Murray Consulting on . Posted in Funds Management MC

Taylee Lewis

Speaking at the launch of the Women on Boards 2015 Diversity Index in Sydney yesterday, Aberdeen global chief investment officer Anne Richards highlighted the benefits of gender diversity.

“When we look at businesses in which we invest, [gender diversity] is one of the questions that we ask,” Ms Richards said.

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Credit Suisse’s New Boss Could Axe 2,900 Investment Bank Jobs – Analysts

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Steve Slater 

Credit Suisse’s (CSGN.VX) next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.

Thiam is expected to cut 150 billion Swiss francs (98 billion pounds) of assets from the bank’s fixed income, commodities and currencies (FICC) business and focus more on private banking in Asia, analysts at JPMorgan said.

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APAC M&A Deal Value Hits New Highs in H2 2014

Posted by Anton Murray Consulting on . Posted in Investment Banking News

Deal value continues to grow in M&A markets across Asia as the second half of 2014 set a new high benchmark for year-on-year figures. Confidence in the boardroom has been underlined by the return to the fray of the ‘mega-deal’ and a renewed appetite for exploring the middle-market (deals between US$51 million – US$500million) for its M&A potential.

Deals in the second half 2014 amounted to US$313 billion, a substantial increase of US$66 billion from the same period in 2013. Cash rich companies, confident in the stability of financial markets, were involved in an impressive 1,922 deals, a significant 24% increase over 2013.
In its newsletter series, Asia-Pacific M&A Barometer, Ascent Partners and Mergermarket, continue to examine market trends and opportunities across the region. The newsletter aims to give insightful analysis of sectors and deals, as well as overview of private equity and inbound transactions.

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