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May 10

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...

Seoul’s billionaire count exceeds Tokyo’s in latest wealth report

May 10

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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...

AIA launches wealth centre in Singapore for affluent clients

May 2

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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...

SG’s Temasek Trust starts new philanthropic advisory firm

Apr 30

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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...

SCB Julius Baer appoints new CEO in Thailand

Apr 22

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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...

Endowus launches full-service wealth management in Hong Kong

Apr 18

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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...

HSBC targets wealth management growth in China, India

Apr 9

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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,...

Dubai Sheikh halts launch of USD500m HK family office

Mar 28

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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,...

BNP Paribas targets Thai wealth market with onshore expansion

Mar 25

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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

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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...

China's affluent families see wealth decline for second time in 15 years

Mar 21

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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 19

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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 8

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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...

Global ultra-wealthy population to surge by 28.1% in 2028

Mar 1

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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...

Hong Kong to increase taxes for high earners

Feb 29

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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...

Private credit in Asia-Pacific forecast to surge in 2024

Feb 29

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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,...

Asia dominates HSBC wealth growth with over half of new assets

Feb 22

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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...

BRICS millionaire population set to surge by 85% in next decade

Feb 19

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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...

Billionaires’ wealth soars by USD3.3tr, outpacing inflation

Jan 16

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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...

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