Business
AI to transform wealth management, Microsoft executive says
ARTIFICIAL intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology’s potential to…
Tag
wealth
Business
Pension segment and new licence to grow wealth management business: iFast CEO
THE core wealth management business of iFast recovered in 2024, with net inflows of S$3.3 billion compared to S$2 billion the year prior.…
News
‘Kingdom of the Planet of the Apes’ Takes Top VFX Society Award; ‘Dune 2’ Claims Three Trophies as VES Spreads the Wealth
“Kingdom of the Planet of the Apes” won the top Visual Effects Society Award for outstanding VFX in a photoreal feature at the 23rd Visual…
News
Trump wants a sovereign wealth fund for the US. What are they?
SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion estimated to…
Business
Apollo to boost staffing for Japan and Asia wealth, top regional executive says
APOLLO Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global…
Business
Morgan Stanley to hire more Asia wealth relationship managers
MORGAN Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes…
Business
HSBC appoints Citi veteran as its new head of international wealth hub for Singapore
HSBC has appointed 22-year veteran Jil Chin as its new head of international wealth hub for Singapore, as the company leads efforts to…
Business
Singapore bank earnings to continue riding higher-for-longer rates, wealth sector growth in 2025
SINGAPORE banks will likely post earnings growth in 2025, led by higher-for-longer rates and a strong wealth management business, analysts…
Business
World’s 500 richest people surpass US$10 trillion in wealth in 2024
THE world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of…
Business
The battle of the wealth hubs: Singapore, Dubai and Hong Kong
Asian financial hubs emerge as strong contenders in a global wealth migration wave Source link
Business
UBS reorganises US wealth management unit in growth push
UBS Group made organisational changes to its wealth-management unit in the US as it seeks to lift profitability in a market that’s central…
Business
China mulls moving Cinda stake to sovereign wealth fund in weeks
THE Chinese government plans to transfer ownership in one of the nation’s biggest bad-debt managers to a unit of its sovereign wealth fund…
Fashion
Fortunes of Apac billionaires outstripped global wealth growth last decade: report
ASIA-Pacific’s (Apac) ultra wealthy had the fastest growing fortunes among billionaires across the globe over the last decade, a UBS…
Fashion
FashionValet founders charged after sovereign wealth fund loss
MALAYSIAN prosecutors charged the founders of a local online fashion retailer over the alleged misuse of funds invested in their company…
Business
Russian money ‘not our business’, says StanChart CEO Bill Winters, as bank doubles down on wealth management
The bank aims to attract US$200 billion in new assets over the next five years, expand relationship-manager team by 50% by 2028 STANDARD…
Business
Standard Chartered targets US$200 billion in new wealth assets over next five years
STANDARD Chartered will target US$200 billion in new assets and double digit growth in income from its wealth business over the next five…
Business
Standard Chartered mulls sale of wealth, retail operations in Africa
STANDARD Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said…
Fashion
Hong Kong’s private wealth assets rise for first time since 2020
HONG Kong’s total private wealth assets under management rose slightly last year to about HK$9 trillion (S$1.6 trillion), the first annual…
Fashion
Wealth hubs go on charm offensive to lure UK super-rich
THE Jumeirah hotel in London’s Knightsbridge has rooms at more than £6,000 (S$10,185) a night, with marble bathrooms, private dining rooms…
Business
Apollo assets reach US$733 billion with boost from wealth clients
APOLLO Global Management’s push to target wealthy individuals helped boost the firm’s assets under management to US$733 billion, a 16 per…
Business
Blackstone targets new European markets in global wealth push
BLACKSTONE’S private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off,…
Culture
Apollo plans to double Asia-Pacific headcount in private wealth
APOLLO Global Management is looking to boost hiring in the Asia-Pacific region as it seeks to grow assets from wealthy clients. “We plan…