China

Aberdeen eyes fixed income with QFII licence

Aberdeen eyes fixed income with QFII licence

China’s Securities Regulatory Commission granted Aberdeen Asset Management a Qualified Foreign Institutional Investor (QFII) licence allowing Aberdeen to invest in domestic Chinese securities.Free

Raft of Asia hires signals Barclays’ push

Raft of Asia hires signals Barclays’ push

Barclays Wealth have named new market heads for Singapore, Malaysia, Indonesia as well as six additional senior bankers, signalling its concerted push into Asia’s key markets.Free

Deutsche bolsters North Asia capability

Deutsche bolsters North Asia capability

Deutsche Bank Private Wealth Management is making a strong hiring push as it expands its key Hong Kong and China markets, adding fuel to claims that competition for staff in Asia is heating upFree

Deutsche aims to double Asian business by 2013

Deutsche aims to double Asian business by 2013

Deutsche Bank wants to double the size of its Asian wealth management business in the next three years as it puts the region at the centre of its global growth strategy. Free

Global AuM up 12%, wealth revenues drop 7%

Global AuM up 12%, wealth revenues drop 7%

Global assets under management (AuM) rebounded almost 12% to $112trn in 2009, with Asia-Pacific the fastest rising region.Free

Tan DBS move set to spark Asian rivalry

Tan DBS move set to spark Asian rivalry

Asia-Pacific continues to be a key focus for private banks with assets under management growing at a rapid pace. This month, Singapore-based DBS and Standard Chartered have both made major Asian appointments, with UBS and Merrill Lynch also naming new chief executives to lead their Swiss businessesFree

ANZ closes RBS Taiwan private bank purchase

ANZ closes RBS Taiwan private bank purchase

Australian bank ANZ has bought ABN AMRO’s private banking business in Taiwan, as part of a wider purchase of Royal Bank of Scotland’s (RBS) retail, wealth, commercial and institutional bank.Free

UNHW investors in “trust crisis” with advisers

UNHW investors in “trust crisis” with advisers

The global financial crisis has caused a “trust crisis” between ultra high net worth (UHNW) individuals and their investment advisers, driving clients to take a more hands-on role and seeking greater transparency over their financial and philanthropic affairs, according to a new report commissioned by Société Générale Private Banking. Free

Standard Chartered names North East Asia hires

Standard Chartered names North East Asia hires

Standard Chartered Private Bank has recruited three senior bankers as part of efforts to sustain double-digit growth in its North East Asia business.Free

EFG sets up rep office in Shanghai

EFG sets up rep office in Shanghai

China remains one of the most attractive wealth markets and is a country where all serious wealth managers need a presence. Will Cain spoke to Albert Chiu, Asia CEO for EFG Bank, which recently set up a representative office in Shanghai and hopes to benefit from its ‘open-church’ reputation.


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