Strategy

Latest News for Strategy

• September 6, 2010 - Julius Baer Reiterates Asia Growth Ambitions
  

  Swiss private banking group Julius Baer, which has already pushed to establish a footprint in the Asia management market, said it intends to significantly expand its presence on a number of fronts. The bank said it plans to upgrade its Hong Kong presence to a booking centre before the end of this year, to open a representative office in Shanghai, China, and a trust company in Singapore next year, upon application and regulatory approvals.

• September 3, 2010 - Morgan Stanley Beefs Up Australian Wealth Unit With New Hires
  

  Morgan Stanley Smith Barney has named three senior financial advisors to its Australian wealth management division. Mark O'Sullivan, James Gosnell, and Chris Watson have joined the company's Sydney office as advisors.

• September 3, 2010 - Withers Enters Consultancy Deal With Chinese HNW Advisor
  

  International law firm Withers has entered into a consultancy agreement with BeA-asia as it seeks to explore China's rising high net worth community. The deal follows on the law firm's decision to set up an office in Hong Kong in 2008 and is in line with plans to gain a better business presence in Greater China.

• August 31, 2010 - Northern Trust Wins Branch Licence From China Regulator
  

  Northern Trust has scored another win in Asia after the China Banking Regulatory Commission approved its application for a branch licence in Beijing. The company's presence in China dates back to 1999 when it secured a cooperative relationship with the Bank of Communications.

• August 31, 2010 - Clariden Leu Adds Three To Singapore Team
  

  Clariden Leu is making waves in Asia with the recent appointment of three executives to its Singapore team. Vincent Wang joins the company as head of treasury and execution for Asia and Liew Chin Choy steps in as head of mid-of.

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Latest Features for Strategy

• May 6, 2010 - Scramble For India's Wealth Market Sees Poaching Battle Between Local Firms
  

  Private banking might be at an early stage in India, but it is already fiercely competitive. A raft of big international names, plus some long-time local players, continues to invest in the potential of the Indian market, as a number of local moves attest. More recently, the poaching war has not been between they usual foreign suspects, but between home-grown players who are luring talent from international rivals.

• February 23, 2010 - Worries That Australian Wealth Market Lacks Competition
  

  Competition, or rather the lack of it, is becoming a major factor in Australia’s wealth management industry as several players fight against the trend for consolidation. AMP’s bid for the Australian assets of French bancassurance giant AXA is all about shoring up the company’s wealth franchise against the encroachment of the Big Four banks, one of which – the NAB – is the rival bidder in the A$13 billion ($11. 7 billion) battle.

• January 31, 2010 - Australia's Pension Industry Is Driving Self-Managed Family Offices
  

  Australians, perhaps more than most other nationalities, are into do-it-yourself activities. In wealth management, that has manifested itself firstly in the move for self-managed superannuation (or pension) funds, and now in a growing interest in what are – effectively – self-managed family offices. It is well documented that Australia has the world’s fourth largest funds management industry, with A$1.

• January 12, 2010 - China - The Gold Rush Steps Up A Gear
  

  Private banks and wealth managers in the Asia Pacific are greeting 2010 with great enthusiasm and the mood is particularly exuberant in China. By any measure, the region survived the global financial crisis in better shape than anywhere else in the world, and the projections for future growth are staggering. According to the most recent Merrill Lynch and Capgemini report on wealth management trends, the Asia Pacific.

• December 8, 2009 - More Banks In Asia Join Shariah Finance Trend
  

  In the private banking and wealth management sector, London has emerged as the centre for Islamic financial products for wealthy Muslims. But as providers look for new clients among affluent, but slightly less affluent clients, they are beginning to launch Islamic products in home markets targeting middle market high net worth individuals. The last few months of 2009 has seen a flurry of activity among providers offering Islamic style wealth management products not only in the Gulf States but also in South-East Asian markets, in particular Malaysia.

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