Wealth Management
St. James’s Place unveil Lumina portfolios
St. James’s Place unveil Lumina portfolios
Over 9,000 ETFs and funds were reportedly screened in the selection process.
Comarch aims to bridge Asian banks’ innovation with wealth needs
The Polish tech firm is looking to help banks build their wealth management platforms.
Robo-advisors gain traction amongst younger Singaporeans
40% of respondents under 35 stated using robo-advisories.
DBS targets $370b in wealth assets by 2026
DBS saw a 23% increase in wealth assets in 2023.
High-net-worth market hits 4.8% in 2023
Thanks to an improving equity market and better macroeconomic environment.
HSBC Singapore to open three wealth centres by 2025
The bank aims to boost client-facing roles by more than a third by 2028.
UOB poised to benefit from growth of SEA's mass affluent segment
UOB has woven partnerships with privilege banking to appeal to the segment.
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
HSBC unveils US thought leadership programme for Asian UHNWs
The three day programme will connect the UHNWs to tech leaders.
KBank Private Banking, EQT Partners unveil new private equity fund
The minimum investment is THB500,000 with an 18 month lock-up period.
StanChart’s Signature CIO Funds attracts over $1b
The funds have returned over 28% since launch, the bank said.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Deutsche Bank cuts 10 private banking roles in Asia: report
The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
Maybank Singapore unveils online investment service for as low as S$200
From now until 30 June, the sales charge for the first $2,000 will be waived.
StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform
It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity