Wealth Management

Fees lift Singapore banks’ Q2 profits

Fees lift Singapore banks’ Q2 profits

But their Q2 profits are likely to be lower compared to Q1, analysts said.

Maybank names Alice Tan as head of group wealth management

Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.

OCBC unveils next-generation programme for wealthy customers

An estimated $2.5t in intergenerational wealth will be passed to the next gen by 2030.

Airwallex clinches retail investment license in Australia

It will now be able to offer its Airwallex Yield product to the wider retail market.

StashAway launches fixed-income Income Investing

It has a 5.51% per annum yield maturity.

Digital investment firm Arta Finance clinches approval to launch in SG 

The firm offers access to alternative assets and credit channels.

Siam Commercial Bank names new wealth management head

He is tasked with driving SCB’s goal to be the #1 digital bank in WM.

Why relationship managers must embrace the hybrid approach

It’s not just about giving advice but also using the right tools.

Taiwan’s CTBC Bank unveils new private banking platform

The bank will use the new platform to offer products and services to Hong Kong in Singapore.

St. James’s Place unveil Lumina portfolios

Over 9,000 ETFs and funds were reportedly screened in the selection process.

Comarch aims to bridge Asian banks’ innovation with wealth needs

The Polish tech firm is looking to help banks build their wealth management platforms.

Robo-advisors gain traction amongst younger Singaporeans

40% of respondents under 35 stated using robo-advisories.

DBS targets $370b in wealth assets by 2026

DBS saw a 23% increase in wealth assets in 2023.

High-net-worth market hits 4.8% in 2023

Thanks to an improving equity market and better macroeconomic environment.

HSBC Singapore to open three wealth centres by 2025

The bank aims to boost client-facing roles by more than a third by 2028.

UOB poised to benefit from growth of SEA's mass affluent segment

UOB has woven partnerships with privilege banking to appeal to the segment.