Wealth Management

Developed markets scored lower than those in emerging markets. 

And private equity firms allege fraud as they seek $750m from Morgan Stanely.

Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.

He will start in his new role on 25 September.

She will be headquartered in Singapore under David Conway’s management.

The study reveals that family comes in third most reliable source of financial advice.

And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.

There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.

One is in Shenzhen and the other is in Tsim Sha Tsui.

Tommy Leung will take over the role on 19 October.

ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.

And UBS makes changes in global wealth management business.

It will service clients with investable assets of over $2m.

There are now 800 family offices in the city, compared to only 100 five years ago.

Globalization is no longer the best strategy for banks if they wish to thrive in the new era of investing.

The bank can no longer justify investing into this business, it said in a statement.