Wealth Management
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Shadow bank Zhongzhi filed for bankruptcy in January 2024.
HSBC to distribute Schroders multi-asset income fund
The launch of the fund comes as a response to the current high inflation and interest rate environment.
1 in 3 Singaporeans use digital investment apps
There is a desire in the local population to increase private wealth, says UnaFinancial.
Corporate bonds, liquid assets key to investment wins in 2024: Standard Chartered
The expected US recession next year will significantly impact how bonds perform.
APAC M&A down 18.8% 11M’23
The region saw a total of 13,151 deals in the eleven months to November.
APAC wealth management integration set to grow by 5% in 2027
Rapid expansion in wealth and cross-border activities positions Asia-Pacific as a global leader in wealth management.
Hang Seng Bank warns customers of fraudulent Facebook accounts, links, and websites
Customers are advised to report any suspicious emails, messages, accounts, or websites claiming to be Hang Seng Bank.
Weekly Global News Wrap: State-owned Russian bank files lawsuit against JP Morgan; Morgan Stanely names new wealth management head
And minority- and women- owned investment banks are making small waves in Wall Street.
GBA’s financial services industry more ‘bullish’ for future prospects: PwC
Tech advancements are paving the way to new opportunities for cross-industry servicing.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
Schroders SG, KBank launch China Private Equity Fund in Thailand
The fund offers investors access to China’s RMB private equity market.
Citibank Singapore launching new satellite wealth advisory hubs in 2024
The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.
Citigroup’s net income rises 2% to $3.5b in Q3
Revenue was 9% higher at $20.1b during the quarter.
RHB Islamic Bank targets $1.28b in wealth management by 2026
Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.
Financial fitness is a major factor when it comes to the quality of life: Study
Developed markets scored lower than those in emerging markets.
Weekly Global News Wrap: Morgan Stanley rolling out gen AI support for FAs; Russia’s Sovcombank sues HSBC to recover debt
And private equity firms allege fraud as they seek $750m from Morgan Stanely.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
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1. Etiqa, Maybank launch Singapore's first Takaful in 10 years 2. Johor-Singapore economic zone seen attracting regional firms: OCBC 3. OCBC launches bespoke tokenised bonds for corporate investors 4. HSBC clinches Citi banker to head int’l wealth hub in Singapore 5. DBS Bank India names Rajat Verma as CEOResource Center
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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.
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