Wealth
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 2028STANDARD Chartered has vowed to double down on...
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 years, it said on Tuesday (Dec...
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 on Wednesday (Nov 27), as the banking giant...
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 growth since 2020, according to a report released...
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 and panoramic views. It showcases some of the...
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 cent increase over the same period a year...
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, two executives at the company said.New York-based...
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 to double headcount for private wealth...
