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HIGH-END Saturday, 9 May 2015 17:11

AC Milan – Asian Suitors Strung Along

The soap opera that is the financial situation at AC Milan played out another episode this week with Silvio Berlusconi the puppet master tugging the strings in front of his Asian suitors like a modern day Mister Geppetto.

REAL ASSETS Saturday, 9 May 2015 17:04

Vanke New York Residential Development Secures Funds

$360 million in financing for the development of 100 East 53rd Street, a new luxury condo in Midtown East neighborhood has been arranged by the Industrial and Commercial Bank of China, (ICBC) through Holliday Fenoglio Fowler, L.P. (HFF). 100 East 53rd Street is...

HIGH-END Saturday, 9 May 2015 17:03

Rolling Out The Fashion

Soon to be seen on the streets of Hong Kong, Singapore and other major Asian hubs the newest and most fashionable offering from Rolls Royce.

FINANCE Friday, 8 May 2015 16:30

$60 Billion Chinese Property Love In

A report released yesterday by Sydney based Credit Suisse analyst Hasan Tevfik predicted massive inward investment into Australian real estate particularly in Melbourne and Sydney. The report highlighted the proposed new foreign investment rules that could make...

FINANCE Friday, 8 May 2015 16:27

Early May Movers

As we end the first week of the month here is a round up of people moves in wealth management across the region. Hong Kong: Mark Dormer moved from Bank of Singapore to fellow Singapore bank DBS Private Bank, he is covering International clients. Will W. Wang...

FINANCE Friday, 8 May 2015 16:23

Lessons For Asia From Hatton Garden Heist

Joshua Rotbart is the managing director of Hong Kong based company Malca-Amit Precious Metals (MAPM). MAPM is the bullion procurement and bespoke services subsidiary of Malca-Amit Global logistic group. Malca-Amit group is one of the world's leading secure...

FINANCE Friday, 8 May 2015 16:20

Asian Buyers Splash $96m On Van Gogh And Picasso Works

Two notable works of art by Van Gogh and Picasso were purchased at auction in New York this week by Asian buyers. Just over $96 million was shelled out for the paintings. Picasso’s “Femme au Chignon Dans un Fauteuil,” above, which carried a presale estimate of...

FINANCE Friday, 8 May 2015 16:17

Eversheds Hong Kong Continues Asian Drive

Eversheds the international law firm has announced that Muna Dandan, former Head of Legal for Barclays retail and commercial banking business in the Middle East, has joined the firm as a partner to lead the Financial Services Disputes and Investigations (FSDI)...

FINANCE Thursday, 7 May 2015 16:30

HSBC Private Bank Results

Intriguingly the cover of the HSBC first quarter 2015 report featured two iconic images of Hong Kong. Were they sending a clandestine message to shareholders or a warning to the verbose UK politicians? In global private banking revenue was broadly unchanged as...

FINANCE Thursday, 7 May 2015 16:25

Matthews Asia Japan Fund

Matthews Asia has announced the expansion of its Luxembourg-domiciled UCITS fund range with the launch of the Matthews Japan Fund. Matthews is the largest dedicated Asia-only investment specialist in the United States with US$30.0 billion in assets under...

FINANCE Thursday, 7 May 2015 16:21

Asia’s Top Legal Professionals Awarded

Earlier this week the Ritz Carlton hotel in Hong Kong hosted the Chambers Asia Pacific awards. The Chambers' awards recognises law firms' pre-eminence in key practice areas and notable achievements such as outstanding work, impressive strategic growth and...

FINANCE Thursday, 7 May 2015 16:18

Rare Chinese And Asian Banknotes Under Hammer

Archives International Auctions (based in Fort Lee, N.J.) will offer over 500 lots of rare Chinese and Asian banknotes, plus scripophily rarities (stocks and bonds), in a public auction slated for Sunday, May 24th. The event will be held at the offices of...

FINANCE Thursday, 7 May 2015 16:15

Eric Morin To Head Union Bancaire Privee In Asia

A day after Alexander Classen, the Swiss based chief executive of Coutts International rejected the top role of integrating his bank with its new owners, Eric Morin has been confirmed as the man to lead the UBP Asian operations. With effect from May 11 Morin will...

FINANCE Wednesday, 6 May 2015 16:39

Wang Jianlin Now Asia's Richest Man

Wang Jianlin Dalian Wanda Group Chairman has outstripped Li Ka-shing as Asia's richest man mainly due to the rising listed A-share and H-share prices of his Wanda Group over recent months. With a fortune of US$38.1bn, Wang therefore simultaneously overtook Li as...

FINANCE Wednesday, 6 May 2015 16:38

UBS Net Profit Soars 88% Asia Key Contributor

UBS beat analysts forecasts yesterday when they reported a higher than expected surge in profit. Wealth Management delivered an adjusted profit before tax of CHF 856 million, its best quarterly result since 2008. This included an increase in operating income,...

FINANCE Wednesday, 6 May 2015 16:36

ABN AMRO Private Banking Takes Temenos WealthSuite

ABN AMRO, the leading Dutch universal banking group, has decided to implement WealthSuite, Temenos’ best-of-breed, integrated Wealth Management platform for its international Private Banking business. Temenos’ WealthSuite is an integrated suite of front to back...

FINANCE Wednesday, 6 May 2015 16:34

New Hires At Sydney Based Wealth Manager

Koda Capital the Sydney based private wealth manager has appointed three new partners. Between the three they bring with them some 65 years of wealth management experience. With the appointment of a team from Macquarie namely Simon Duckett and Charles Moore Koda...

FINANCE Wednesday, 6 May 2015 16:29

Australian Rates Hit Record Low

Good news for home owners but bad news for savers and pensioners. Australia joined the large club of nations shaving digits of their benchmark interest rates in an attempt to stimulate consumer demand and business. With China slowing which in turn has sent...

FINANCE Wednesday, 6 May 2015 16:22

Hong Kong Home Values Defying Gravity

According to reports out of Hong Kong the local property market continues to move ever upwards. Analysts have frequently dismissed the stamina in the local market claiming it would have to recalibrate and one of these years they may be correct but for now the...

FINANCE Tuesday, 5 May 2015 19:05

Steady Growth For ANZ Global Wealth

Announcing the half year results ANZ CEO Mike Smith said: “This is a good, well balanced financial performance with solid progress made in reshaping our business in response to the more challenging macro-environment.” Profit for Global Wealth increased 11% driven...

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