Will Hong Kong’s IPO market return? Which will be the fastest-growing emerging market in Asia? And will Trump return to the White House, and what could that mean for Asian markets? As we enter the Year of the Dragon, APB posed these questions and more to private banks, asset managers, law firms and consultancies, to find out what the new […]

The post Bank of Singapore, Julius Baer: Top predictions in the Year of the Wood Dragon appeared first on Asian Private Banker.

Until there is more clarity on how the Greater Bay Area (GBA) Wealth Management Connect scheme will include wealth managers and their HNW clients, private banks will remain in a “wait-and-see” mode in the face of competing priorities within the business. With the Memorandum of Understanding signed last week between authorities in mainland China, Hong Kong, and Macau, it has become […]

The post PBs in “wait-and-see” mode for regulatory clarity as GBA Wealth Connect beckons appeared first on Asian Private Banker.

The Shanghai subsidiary of Value Partners Group has obtained a licence to offer investment advisory services in China, the financial firm announced today. The licence, issued by the Asset Management Association of China (AMAC), enables Value Partners Shanghai to provide onshore investment advisory services for private asset management products to eligible third-party institutions. Yu Xiaobo, Value Partners’ investment director and […]

The post Value Partners qualifies for investment advisory services in China appeared first on Asian Private Banker.

A dramatic rise in demand from Indian high net worth individuals (HNIs) for alternative investment funds (AIFs) is part of a structural shift in how domestic investors approach diversification, according to Sandeep Das, Barclays’ head of private clients in India, who told Asian Private Banker a rapidly expanding product universe will further drum up tailwinds for the product class. More recently, bouts […]

The post In India, alt funds are gathering steam at an unprecedented rate appeared first on Asian Private Banker.

China onshore’s private wealth market is expected to reach new heights by the end of 2019 amid shifting investment appetite and demographics, a report from Bain & Company and China Merchants Bank (CMB) has revealed. While growth has recently slowed — CAGR for 2014-16 and 2016-18 dipped from 21% to 7% respectively — Bain and CMB anticipate that investable assets […]

The post China private wealth market to reach RMB 200T by year-end: Bain & CMB appeared first on Asian Private Banker.

EFG International’s head of Asia Pacific, Albert Chiu, has told Asian Private Banker the Swiss bank will use its majority stake in Australian wealth manager Shaw and Partners to make inroads into the country’s large but underpenetrated pool of Chinese HNWIs. “Everybody would agree that China is a global engine of growth, but there is more than one way to […]

The post EFG’s Albert Chiu eyes Aussie-based Chinese HNWIs with latest acquisition appeared first on Asian Private Banker.

Private banks in the region are at an “inflection point” in how they allocate to alternatives, shifting from a ‘best ideas’ approach to a more holistic framework, according to J.P. Morgan Asset Management. Shawn Khazzam, head of alternative solutions group, Asia Pacific at J.P. Morgan Asset Management, told Asian Private Banker that historically, the region’s private banks have allocated to […]

The post PBs in Asia at an “inflection point” in approach to alternatives: J.P. Morgan AM appeared first on Asian Private Banker.

Uncertainty in global markets has led Morgan Stanley to advise its private banking clients in Asia against excessive allocations to traditional asset classes and into alternatives, with the private bank raising close to US$500 million through private equity investments over the last 12 months alone. “With our house view calling for more market volatility since the end of last year, […]

The post Morgan Stanley PWM Asia raises nearly US$500 million in PE investments in 12 months appeared first on Asian Private Banker.

Asian HNWIs’ demand for private equity investments is increasing, and their appetite is expanding beyond direct investments and into funds, especially portfolios that offer exposures to buyout deals, according to Credit Suisse. The Swiss bank saw its alternative assets-related AUM in Asia grow by 60% last year, amid a spur to provide more innovative solutions to clients, according to Donald Rice, […]

The post PE demand robust, Asian HNWIs ride buyout momentum appeared first on Asian Private Banker.

By offering clients exclusive access to a UK private school’s summer camp, a Chinese private bank raked in “a few hundred” new clients along with more than RMB 1 billion in new money, according to Tammy Tan, principal at Boston Consulting Group (BCG). In China, private banks differentiate themselves from their peers and their broader retail banking businesses by offering […]

The post Airport lounges and school camps: How Chinese private banks compete on value-added services appeared first on Asian Private Banker.

China’s Top 10 domestic private banking institutions collectively managed RMB 7.5 trillion (US$1.1 trillion) in client assets at the end of 2016, after growing their combined AUM by 21.9% YoY, according to exclusive data from Asian Private Banker. Over the next two weeks, Asian Private Banker will feature exclusive insights into China’s private banking and wealth management scene, headlined by […]

The post China’s Top 10 private banks grow AUM by 21.9% to RMB 7.5 trillion in 2016 appeared first on Asian Private Banker.

China’s high net worth (HNW) population rocketed to 1.6 million at the end of 2016, an almost ninefold increase from a decade before, while HNWIs’ investable assets reached CNY 49 trillion, according to a report by China Merchants Bank (CMB) and Bain & Company. According to the report, HNWIs’ investable assets will reach CNY 58 trillion this year. Nearly half […]

The post China’s HNW population reaches nearly 1.6 million: report appeared first on Asian Private Banker.