Wealth
Abu Dhabi sovereign wealth fund plans debut dollar bond sale
Abu Dhabi’s sovereign wealth fund ADQ is set to follow the emirate’s government into the debt market with its first dollar bond.ADQ, which is wholly owned by the government...
Norway sovereign wealth fund backs HSBC bonus policy reform
NORWAY’S US$1.6 trillion sovereign wealth fund, one of the world’s largest investors, will support HSBC’s proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager’s...
Perpetual in talks with KKR for corporate trust and wealth management unit sale
AUSTRALIA’S Perpetual has entered into exclusive talks with global investment firm KKR & Co for potential sale of its corporate trust and wealth management business, the financial services firm...
HSBC says growing Chinese wealth fuels client investments in US
HSBC’s wealthy clients in China and Hong Kong are still eager to invest in the US, according to Michael Roberts, the bank’s CEO for the USA and Americas.
China’s economic...
China’s Noah to hire 50 to 100 wealth managers in Hong Kong, Singapore
NOAH Holdings is seeking to as much as double the number of managers it employs in Hong Kong and Singapore to look after wealthy clients to handle an increased...
Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
MORGAN Stanley’s first-quarter profit beat estimates on Tuesday (Apr 16), fuelled by a resurgence in investment banking and growth in wealth management, sending shares up 1.8 per cent.
Investment banking...
Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
MORGAN Stanley’s first-quarter profit beat estimates on Tuesday (Apr 16), fuelled by a resurgence in investment banking and growth in wealth management, sending shares up 3.7 per cent.
Investment banking...
13 months’ jail for third money laundering individual who lied to CAD about wealth source
A THIRD individual in the more than S$3 billion money laundering case has been sentenced to 13 months’ jail.Wang Baosen, a Chinese and Vanuatu passport holder, pleaded guilty on...
