Wealth Management
MUFG Bank to acquire robo-advisor WealthNavi for $662m
MUFG Bank to acquire robo-advisor WealthNavi for $662m
The bank is offering 1,950 yen per share.
WealthTech Endowus breaks US$7b mark in assets under advice
Its Private Wealth client offering has surpassed US$2b in assets managed.
Endowus Hong Kong’s client base increased sevenfold
The group has surpassed US$200m in private markets and hedge funds.
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong
Chi brings over 20 years of experience into her new role.
Citi poaches JPMorgan banker to lead FX institutional sales in 4 APAC regions
Anand Goyal will begin in December, and will be based in Singapore.
Digital wealth platform Arta Finance launches in Singapore
Arta said that 1.6 million non-SG investors will have $4.8t in assets in the city by 2028.
7 in 10 consumers use ‘financial gymnastics’ to maximise rewards
Credit cards remain to be the top choice, with 47% saying that this drives their usage decisions.
HSBC enhances Premier offering with health protection, future planner tool
The tool will provide recommendations and access to a relationship manager.
EFG Bank clinches three Citi bankers to bolster Hong Kong operations
Seamus Yin, Miao Miao, and Lianghan Chen all previously worked at Citi Private Bank.
SG WealthTech platform StashAway launches HNWI wealth offering in the UAE
Clients in MENA with $100,000 of assets with StashAway will be upgraded to Reserve.
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Citi Trust to be acquired by JTC
Citi Trust handles $70b of assets owned by UHNW clients.
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.
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The trial, which will take effect on 1 July, is a step in the right direction.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?