Wealth Management

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.

Citigroup’s net income rises 2% to $3.5b in Q3

Revenue was 9% higher at $20.1b during the quarter.

RHB Islamic Bank targets $1.28b in wealth management by 2026

Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.

Financial fitness is a major factor when it comes to the quality of life: Study

Developed markets scored lower than those in emerging markets. 

HSBC names Lok Yim as regional head of APAC global private banking

Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.

Liyen Wee takes spot as VP, head of wealth at Cohen & Steers

She will be headquartered in Singapore under David Conway’s management.

The majority of Singaporean and Hong Kong youth believe that financial advice-seeking is beneficial

The study reveals that family comes in third most reliable source of financial advice.

Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates

And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.

Check out how APAC family offices moved their investments in Q2

There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.

Hang Seng Bank opens two new cross-boundary wealth management centres

One is in Shenzhen and the other is in Tsim Sha Tsui.

StashAway, family office firm to offer clients with more investment options

ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.

HSBC launches global private banking business in India

It will service clients with investable assets of over $2m.