Wealth Management News

Skandia International, part of Old Mutual Wealth, is developing its growth strategy in Asia with the expansion of its regional presence by entering into a strategic partnership with Jardine Lloyd Thompson Asia (JLT) and unveiling a new life cover solution to meet the needs of high net worth individuals and businesses in Asia. The partnership […]

Daniel Yu Deutsche Bank expects Asia to provide the biggest opportunity for its asset and wealth management business. Michele Faissola, head of Deutsche Asset and Wealth Management (DeAWM), expects the bank’s Asia business to grow by over 20% in the next three to five years on an annualized basis. The region, he underscores, will be […]

Hong Kong’s IPO activities for the first half of 2014 reached a decade high in terms of number of newly listed companies, thanks to strong interest from investors and abundant liquidity in the capital market. Given the current market situation, PwC expects the city could remain as one of the top three global IPO markets […]

Client assets at Citi’s Wealth Management businesses in Asia have topped the quarter of a trillion dollars mark for the first time in the bank’s history. At the end of May, Citi Asia had US$251 billion in client assets under management, up 10% year-on-year. This growth was driven primarily by an increase in new clients […]

Nomura has announced a series of moves to drive growth across its wealth management business in Asia, including Japan. The bank has set up a new wealth management business division within the retail group, integrating the current Japanese and Asian teams.

Sarah Thompson and Joyce Moullakis Macquarie Group has laid off up to 35 people in its Asia-Pacific region structured and derivatives products division, sources said on Friday night. The cuts included as many as five local employees, while the remainder are thought to be based in Asia, with Hong Kong operations likely to bear the […]