Wealth

Citi nets DBS’ Yeo Wenxian as head of wealth for Asia South
Citi nets DBS’ Yeo Wenxian as head of wealth for Asia South
August 6, 2024
CITI Wealth on Tuesday (Aug 6) announced the appointment of Yeo Wenxian as its new head of wealth for Asia South, commencing Nov 1. The Singaporean executive is also...
Citi hires DBS’ Yeo Wenxian as head of wealth for Asia South
Citi hires DBS’ Yeo Wenxian as head of wealth for Asia South
August 6, 2024
CITI Wealth on Tuesday (Aug 6) announced the appointment of Yeo Wenxian as its new head of wealth for Asia South, commencing Nov 1. The Singaporean executive is also...
Maybank appoints Alice Tan as head of group wealth management
Maybank appoints Alice Tan as head of group wealth management
July 30, 2024
She joined the company in 2014, and was among the pioneers of its private wealth-management businessMAYBANK Singapore on Tuesday (Jul 30) said that it appointed Alice Tan as its...
Japan’s Nomura triples profit in Q1 on wealth management gains
Japan’s Nomura triples profit in Q1 on wealth management gains
July 30, 2024
Nomura’s net profit in the April-June was 68.9 billion yen (S$597.2 million) versus 23.3 billion yen a year earlierNomura Holdings, Japan’s largest brokerage and investment bank, reported a 195...
Singapore continues to see strong growth in wealth inflows; MAS working to reduce wait time
Singapore continues to see strong growth in wealth inflows; MAS working to reduce wait time
July 18, 2024
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered...
Singapore continues to see strong growth in wealth inflows; MAS working to reduce wait time
Wealth inflows continue strong growth; MAS aims to cut processing time for tax perks
July 18, 2024
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered...
Morgan Stanley traders, bankers top estimates as wealth lags
Morgan Stanley traders, bankers top estimates as wealth lags
July 16, 2024
MORGAN Stanley’s traders joined the party across Wall Street in the second quarter even as the firm’s larger wealth business fell short of expectations. The bank’s trading business posted the...
Singapore average wealth continues uptrend as inequality surpasses several regional peers: UBS report
Singapore average wealth continues uptrend as inequality surpasses several regional peers: UBS report
July 10, 2024
AVERAGE wealth among adults in Singapore has steadily increased since the global financial crisis in 2008, but the Republic’s wealth inequality has also risen in the same period and...
Barclays aims to triple staff across key Asia wealth markets
Barclays aims to triple staff across key Asia wealth markets
July 10, 2024
BARCLAYS plans a major hiring spree in Asia to expand client assets over the next few years, focusing on the ultra-rich and family offices in India and Singapore, according...
BNP, UBS are said to show interest in HSBC’s German wealth unit
BNP, UBS are said to show interest in HSBC’s German wealth unit
July 4, 2024
HSBC Holdings’s sale of its German wealth-management unit is attracting initial interest from peers including BNP Paribas and UBS Group, sources familiar with the matter said, as the London-listed...