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Australian expats hailed Singapore as the best country to live even as it stands as one of the most expensive places for expats in the world, with 80% open to recommending the country to other expats, according to the Atlas Wealth Management Expat Insights Survey. The city ranks as the fourth costliest place for expats […]
Standard Chartered Private Bank has strengthened its South Asia presence with eight new hires for its Global South Asian Community (GSAC) team. Murtaza Gilani joins as senior vice-president, team leader, GSAC, Private Banking. He has experience in wealth management for affluent and high-net-worth clients in South Asia and the Middle East, and has held senior […]
The life insurance industry in Singapore reported a 20% on-year increase in new business premiums for the first half of this year to reach a total of £1.15bn (S$2.02bn). The performance was boosted by strong sales of investment-linked plans and a positive attitude towards protection and retirement needs. “This year’s midpoint is already much higher […]
Rothschild & Company, the Paris-based international financial advisory group, is to close its Singapore wealth management office and operate its Asian business from its Hong Kong regional office. The firm’s global advisory and trust businesses in Singapore will not be affected. A Rothschild spokesman confirmed: “Rothschild remains committed to Asia and all their clients in […]
Indosuez Wealth Management is bolstering its Asian business with a slew of new hires in Hong Kong and Singapore to enhance its services and offerings for high net worth clients. Joining the Singapore team as relationship managers on the non-resident Indian (NRI) team are Surmit Chaturvedi and Poonam Kaur. Alan Mufatti and Sharon Han are […]
DBS Bank, Singapore’s largest lender, is ramping up its affluent banking offering in Taiwan by opening a new stand alone branch as more wealth units are planned for the country. DBS has just launched a new treasures private client services branch in Taipei. It targets clients with 30 million New Taiwan dollars ($987,297) in assets, […]
Same sex couples in civil partnerships will now be eligible for spousal visas in Hong Kong after the Court of Final Appeal decided in favour of the LGBT expat community. The top court’s landmark decision puts Asia’s premier financial hub at the forefront of the nascent movement for gay rights in Asia in a first […]
The Monetary Authority of Singapore (MAS) has reprimanded Taiyo AM for being repeatedly late in its submissions to the regulator, in some cases by more than three years. MAS said in a enforcement action note that Taiyo had delayed more than once the submission of its annual declaration and auditor reports and changes to its […]
HSBC has launched a new digital concierge service for high-net-worth individuals in Singapore in a bid to strengthen ties with wealthy clients via the additional service offering. The digital platform concierge HSBC Jade will be accessible to customers who deposit at least £670,000 in cash and or in investments with HSBC qualify for personalized investment […]
Hong Kong-based wealth manager NaviCom International Investment is expanding its business in Asia with a second office Singapore. The firm has secured a capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS) and the new office is expected to be operational by the end of this year. It will offer fund management […]
Hong Kong is trailing behind close regional competitor Singapore in the asset management business, according to a report from research specialists Asian Private Banker. Hong Kong managed $31.8bn in private wealth compared to Singapore’s $53.4bn. Singapore also has more independent asset managers (IAM) with an estimated 90 IAMs whilst Hong Kong is home to 70 IAMs. […]
Hawksford has acquired People & Projects Ltd (P&P), an acquisition which will strengthen its current presence in Hong Kong and Singapore, and provide it with an extensive footprint across major cities in China. The transaction demonstrates Hawksford’s commitment to the Asian market and takes the corporate, private client and fund administration company’s global headcount to […]
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