Wealth Management
SCB taps Baker & McKenzie for inheritance asset legal support
The partnership aims to provide clients with legal and tax advisory services.
Hong Kongers seek digital channels, F2F meetings in wealth mgmt services
Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.
Health, retirement are affluent Asians’ top financial worries in 2024
Globally, 3 in 10 Baby Boomers surveyed are still behind their savings goals, says HSBC.
Weekly Global News Wrap: Tech, rate woes weigh on regional lenders; VP Bank exiting Hong Kong?
And Russia’s Sberbank says it's business in India is booming.
Millennials, Gen Z embrace investing earlier than older gen
Financial security and family support are their top goals in investing.
7 in 10 wealth owners keep assets in at least 2 countries: survey
The report surveyed 13,500 individuals with a net worth between $3m and $99m.
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Citi names Yeo Wenxian as wealth head for South Asia
Yeo will also take over as CEO of Citibank Singapore Limited.
Weekly Global News Wrap: Morgan Stanley offers Bitcoin ETFs; Berkshire Hathaway sells $3.8b BofA stocks
And Wells Fargo is under investigation over issues in its AML programs.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
Maybank names Alice Tan as head of group wealth management
Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.
OCBC unveils next-generation programme for wealthy customers
An estimated $2.5t in intergenerational wealth will be passed to the next gen by 2030.
Airwallex clinches retail investment license in Australia
It will now be able to offer its Airwallex Yield product to the wider retail market.
StashAway launches fixed-income Income Investing
It has a 5.51% per annum yield maturity.
Digital investment firm Arta Finance clinches approval to launch in SG
The firm offers access to alternative assets and credit channels.
UOB Indonesia’s privilege banking clients granted free access to airport lounges
Customers can get up to 10 complimentary passes annually.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
