All articles by Verdict Staff
Verdict Staff
DBS China rolls out cross-border RMB lending in Suzhou Industrial Park
DBS China has rolled out cross-border Renminbi (RMB) loans for companies operating from the Suzhou Industrial Park (SIP) in China as part of the new SIP cross-border renminibi (RMB) transactions initiative.
MAS imposes $40,000 fine on Standard Chartered Bank
Monetary Authority of Singapore (MAS) has imposed a fine of $40,000 on Standard Chartered Bank (SCB) for failures relating to how financial advice was provided to clients.
Offshore wealth management booms as global wealth surges
Private wealth booked across borders reached $8.9 trillion in 2013, an increase of 10.4 per cent over 2012 but below the increase in total global private wealth of 14.6 per cent, according to The Boston Consulting Groups (BCG) fourteenth annual global wealth management report.
Vulpes plans to unveil quant fund Nova in July
Singapore-based Vulpes Investment Management is reportedly planning to roll out its first quant fund in July this year, as part of its plan to tap the growing demand of such products in the Asian market.
China’s wealth management products reach $2.1tn, says central bank
Wealth management products (WMPs) in China have recorded massive growth, reaching up to RMB12.8tn ($2.1tn) by the end of May 2014, said a senior official of China’s central bank.
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U.S. Trust Survey finds modern American family dynamics complicate wealth management
The 2014 U.S. Trust Insights on Wealth and Worth(R) survey released today provides a new, in-depth look at the structurally diverse modern American family and finds the dynamics add complexity to money issues already heightened in families with increased wealth.
Baird hires two advisors from RBC
Robert W. Baird & Co has hired two financial advisors from RBC Capital Markets that manage about $230m in client assets.
Wealth manager Towry restructures management team
UK-based Towry has restructured its management team following its acquisition of Baker Tilly’s financial management arm.
Schwab challenges RIAs to seize coming decades most significant opportunity for growth
Affluent investors who currently control nearly $3.5T in investable assets represent one of the most significant opportunities for RIA firm growth in the decade ahead, according to a research by Schwab.
Banque SYZ & CO opens new office in Dubai
Banque SYZ & CO has opened a new representative office in Dubai, which will focus on the clientele of institutional and private investors in the Gulf Cooperation Council States (GCC).