

Global family offices eye increased APAC investments
Over a third of single-family offices plan to increase investments in Asia-Pacific (Apac) excluding Greater China in the next five years,...
May 23, 2024


Prudential shuts down HK wealth business
Prudential has discontinued its Hong Kong wealth management business, Pulse Wealth, as part of an effort to streamline operations, the...
May 10, 2024


Seoul’s billionaire count exceeds Tokyo’s in latest wealth report
Seoul ranks 19th globally, with over 80,000 millionaires, according to the 2024 World’s Wealthiest Cities report by Henry & Partners and...
May 10, 2024


AIA launches wealth centre in Singapore for affluent clients
Hong Kong-based AIA has opened a new Wealth Center in Singapore, targeting affluent and high-net-worth individuals and families. Located...
May 2, 2024


SG’s Temasek Trust starts new philanthropic advisory firm
Temasek Trust, founded by Singapore’s state investment fund Temasek Holdings, has launched TT Foundation Advisors (TTFA), a new provider...
Apr 30, 2024


SCB Julius Baer appoints new CEO in Thailand
Peerapong Jirasevijinda has been appointed as the new CEO of SCB Julius Baer, the joint venture between Julius Baer and Siam Commercial...
Apr 22, 2024


Endowus launches full-service wealth management in Hong Kong
Singapore-based Endowus has expanded its wealth management services to Hong Kong, launching a full-service platform. The digital wealth...
Apr 18, 2024


HSBC targets wealth management growth in China, India
HSBC Holdings Plc is intensifying efforts to enhance its wealth management capabilities in China and India to match those in Hong Kong,...
Apr 9, 2024


Dubai Sheikh halts launch of USD500m HK family office
Sheikh Ali Al Maktoum, claiming ties to Dubai’s ruler, postponed the opening of his Hong Kong family office, initially set for Thursday,...
Mar 28, 2024


BNP Paribas targets Thai wealth market with onshore expansion
BNP Paribas has expanded its wealth management services into Thailand, establishing an onshore presence through BNP Paribas Securities...
Mar 25, 2024


Hong Kong summit to highlight global family office strategies
The Wealth for Good in Hong Kong Summit, featuring David Wertheimer of the Chanel family and members of Dubai’s ruling family alongside...
Mar 25, 2024


China's affluent families see wealth decline for second time in 15 years
According to the Hurun Wealth Report, China’s affluent families with assets of at least CNY6m declined by 0.8% to 5.14 million, marking...
Mar 21, 2024


Over 2,700 family offices established in Hong Kong
Hong Kong hosts over 2,700 single-family offices, with a government initiative to reinforce its status as a wealth hub in Asia. According...
Mar 19, 2024


Singapore’s sees 1,400 single family offices set up by end of 2023
Singapore’s appeal to the ultra-rich has continued to grow, with the city-state drawing hundreds of new single family offices (SFOs) in...
Mar 8, 2024


Global ultra-wealthy population to surge by 28.1% in 2028
The global population of ultra-wealthy individuals is expected to grow by 28.1% by 2028, with significant contributions from India and...
Mar 1, 2024


Hong Kong to increase taxes for high earners
Hong Kong has committed to reducing its fiscal deficit, expecting the fourth budget shortfall in five years, with the current financial...
Feb 29, 2024


Private credit in Asia-Pacific forecast to surge in 2024
Private credit firms, including Apollo Global Management and Blackstone, foresee a growth exceeding 10% in Asia-Pacific lending for 2024,...
Feb 29, 2024


Asia dominates HSBC wealth growth with over half of new assets
HSBC's Wealth and Personal Banking (WPB) unit attracted USD84bn in net new assets in 2023, with USD47bn coming from Asia, emphasising the...
Feb 22, 2024


BRICS millionaire population set to surge by 85% in next decade
Henley & Partners, in collaboration with New World Wealth, forecasts an 85% increase in the millionaire population within the BRICS...
Feb 19, 2024


Billionaires’ wealth soars by USD3.3tr, outpacing inflation
Since 2020, billionaires globally have increased their net worth by USD3.3 tr, eclipsing inflation rates threefold, an Oxfam report...
Jan 16, 2024

