Saturday, 16 November 2024

FINANCE Tuesday, 2 June 2015 16:25

Hong Kong Auctions Booming

With recent stock market gains and the talk of a new Chinese billionaire being created each week the expectations were high for the latest Sotheby’s and Christies auction offerings in Hong Kong.

FINANCE Tuesday, 2 June 2015 16:24

Nomura Creates Biggest REIT In Japan

Nomura Real Estate Master Fund Inc. will merge with two other Nomura REITs to create the biggest real estate investment trust in Japan with 900 billion yen ($7.3 billion) of assets. The master fund will merge with Nomura Real Estate Office Fund Inc. and Nomura...

FINANCE Tuesday, 2 June 2015 16:22

BNP Paribas Appoints New Country Head

BNP Paribas have announced the appointment of Philippe Noirot as the Head of Country for South Korea and CEO of BNP Paribas S.A., Seoul branch Noirot will be responsible for managing the bank’s overall activities in Korea. He will report to Eric Raynaud, CEO of...

FINANCE Tuesday, 2 June 2015 16:21

UBS Launches New Wealth Management Service In Taiwan

UBS Wealth Management has announced that its application to launch a new wealth management service, UBS Advice, had been approved by the Taiwan Financial Supervisory Commission. UBS Advice will be launched in July 2015. Already available to UBS clients in Hong...

FINANCE Tuesday, 2 June 2015 16:16

ASIC Enhances Financial Advisers Register

The Australia Securities and Investments Commission has now launched the second stage of the Financial Advisers Register (FAR) which now includes information about advisers’ qualifications, training and memberships of professional bodies. The register, which has...

FINANCE Monday, 1 June 2015 16:40

Asset Growth At China Merchants Bank Wealth Unit

Speaking in Hong Kong last week China Merchants Bank said its private banking business is continuing to show strong growth and that the bank is keeping an eye out for suitable overseas acquisitions. Wang Jing, general manager of private banking, said CMB's...

FINANCE Monday, 1 June 2015 16:38

The Monday Moves In APAC

Katsunori Sago, a former deputy president of Goldman Sachs Japan is set to be named as head of asset management at Japan Post Holdings. Observers believe the significant hire signifies a move that could accelerate a Japan Post shift into foreign equities and...

FINANCE Monday, 1 June 2015 16:35

Second Asian Owner Makes The Champions League

A week after AWT reported on Singaporean tycoon Peter Lim’s Valencia qualifying for the Champions League here one more Asian owner will line up with his charges hoping to make it through to the extremely lucrative group stages. Vincent Tan was on hand to watch as...

FINANCE Monday, 1 June 2015 16:32

Japanese Bank Eyes More Asian Acquisitions

Reports from Japan have linked Japan’s Shinsei Bank with GE’s Asia Pacific consumer finance business lines. Earlier this year the US conglomerete announced its intention to divest most of its finance units as part of a restructuring. GE Capital’s Japanese...

FINANCE Monday, 1 June 2015 16:32

Deutsche Asset And Wealth Management Expansion In Asia

According to recent media reports Deutsche Bank AG has hinted it may boost the number of its asset and wealth management staff in Asia by between 5 to 10 percent this year as part of their revamped strategy to boost growth. Ravi Raju, Asia-Pacific head of...

FINANCE Saturday, 30 May 2015 17:23

Singapore's MoneySmart to launch PFM tools with eWise

eWise, the leading international provider of Personal Financial Management (PFM) and Account Aggregation solutions, announce that MoneySmart.sg will launch in the second half of 2015 an advanced Personal Financial Management tool using the eWise Money Management...

FINANCE Saturday, 30 May 2015 17:21

East Capital Secures License’s In Hong Kong

East Capital, a specialist in emerging and frontier markets, is pleased to announce its subsidiary, East Capital Asia Ltd., has been granted both an asset management license (type 9) and a securities advice license (type 4) from the Hong Kong Securities and...

FINANCE Saturday, 30 May 2015 17:15

Asian Commercial Property Yielding Steady Returns

According to the latest Asia Pacific Prime Office Rental Index released by Knight Frank, the index increased 1.3% in the first quarter of 2015, and now sits 5.3% above its pre-crisis (Q2 2008) peak. Rental growth was experienced in 13 of the 19 markets tracked,...

FINANCE Saturday, 30 May 2015 17:13

Australia’s Richest Person Loses Control Of Family Trust

Gina Rinehart has lost control of a A$5 billion family trust that holds 24 per cent of Hancock Prospecting after a court appointed her eldest daughter Bianca Rinehart trustee. NSW Supreme Court appointed her daughter trustee of the Hope Margaret Hancock Trust,...

FINANCE Friday, 29 May 2015 16:40

Friday Round Up Of Professional Moves

After breaking exclusive news on Royal Bank of Canada yesterday here is the final round up of professional moves around the region. Marco Wu has joined Goldman Sachs in Hong Kong where it is expected he will be covering greater China UHNW clients. Lyxor Asset...

FINANCE Friday, 29 May 2015 16:39

CIMB Private Banking To Offer SMA

UOB Asset Management (Malaysia) in conjunction with BNY Mellon Managed Investments have joined together with CIMB Private Bank to bring Malaysia’s first global Separately Managed Accounts to its UHNW clients. CIMB Private Banking said SMA would provide investors...

FINANCE Friday, 29 May 2015 16:39

Strong Results At Sotheby’s Hong Kong Wine Auction

With equity markets volatile rare wine might look like a better bet to hold or drown your sorrows. Sotheby’s sale of finest and rare wines held last Saturday in Hong once again produced strong results. The auction featuring Burgundy Direct from Maison Camille...

FINANCE Friday, 29 May 2015 16:37

Alibaba’s Internet Bank Set To Open

MYbank the Alibaba supported Internet bank has been given the green light to commence business by the Chinese authorities. At present the Chinese banking sector is dominated by the state owned banks with China Minsheng Bank being the only privately held bank. The...

FINANCE Thursday, 28 May 2015 16:29

AWT EXCLUSIVE: Head Of South East Asia At Global Bank Departs

The Asian Wealth Times understands that the head of wealth management for South East Asia at Royal Bank of Canada will leave the bank at the end of this month. The bank confirmed this to AWT late on Wednesday evening. Highly respected and experienced private...

FINANCE Thursday, 28 May 2015 16:27

EXCLUSIVE: FinTech On The Move At NextBank Asia

A high profile banker said last year that the FinTech innovators were going to eat her lunch. Judging from the drive, enthusiasm and innovative brain power gathered together in Singapore yesterday, (and today), it is clear that the bankers breakfast and dinner...

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