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Global wealth up 4.6% to $317trn with Switzerland at the top: Credit Suisse report

By: Pedro Goncalves | 18 Oct 2018

Total global wealth rose 4.6% to $317trn in the 12 months from mid-2017 to mid-2018, outpacing population growth, according to Credit Suisse Research Institute’s 2018 Global Wealth…

Maitland launches multi-family office in South Africa

By: Pedro Goncalves | 18 Oct 2018

Maitland is expanding its operations with the opening of Maitland Family Office in a bid to attract HNW families, individuals and entrepreneurs in South Africa. The new…

Adviser-client relationships not swayed by royal commission findings

By: Pedro Goncalves | 18 Oct 2018

About 56% of consumers feel the revelations of the royal commission have had no impact on the way they interact with their financial adviser. Honesty and trustworthiness…

Malaysia to ease foreign ownership rule for insurers

By: Pedro Goncalves | 18 Oct 2018

Malaysia is getting ready to review its foreign ownership rule for insurers as the new goverment looks to roll back several of the previous economic reforms that…

HSBC set to become first foreign firm to float on Shanghai exchange

By: Christopher Copper-Ind | 18 Oct 2018

London-headquartered HSBC Holdings looks likely to become the first foreign company to trade on a Chinese stock exchange as part of a long-planned partnership between the Shanghai…

Singapore ranks second in global competitiveness study

By: Pedro Goncalves | 18 Oct 2018

A new World Economic Forum (WEF) ranking for the most competitive and innovative economies ranked Singapore in second place worldwide, just behind the United States. A total…

Surge in Hong Kong cybercrime makes 2 million victims

By: Pedro Goncalves | 18 Oct 2018

The number of fraudulent banking websites reported in Hong Kong has surged this year, with over two million Hongkongers thought to have been affected by cybercrime. In…

New UAE visa laws allow visitors to extend stays by 60 days

By: Pedro Goncalves | 18 Oct 2018

The recent reforms to the UAE visa system will now grant people on visit or tourist visas a 30-day visa extension twice, for a total of 60…

HSBC Singapore names veteran banker as new chairman

By: Pedro Goncalves | 17 Oct 2018

HSBC Singapore has appointed Mukhtar Hussain as its chairman and director, as the bank mounts an aggressive push to tap the burgeoning wealth in Asia and looks…

Comment: Tech-savvy customers look for high-tech solutions

By: Stephen Lester, Propositions Director, Paragon Customer Communications | 17 Oct 2018

Technological innovations are now available that can be used to improve communication between investment professionals and their clients. The intelligent use of customer data is just one…

Lyxor expands operations in the LatAm market

By: Pedro Goncalves | 17 Oct 2018

Lyxor Asset Management is expanding in the LatAm market with the launch of new operations in Brazil, Chile and in the US offshore segment. Since 2016, the…

CBA’s head blames greed for bank’s failures

By: Pedro Goncalves | 17 Oct 2018

Commonwealth chief executive Matt Comyn admitted greed played a part in the failures of the Australian bank, following an announcement that CBA has spent A$850m on customer…

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