Visit the Bill and Melinda Gates Foundation website and the first message that greets you is “All lives have equal value”. It’s a comforting thought if not the current reality as the global health emergency shows up glaring fault lines in inequality. The crisis has also thrown philanthropy into high gear.
The launch in the Asian market comes from the bank's restructured wealth and personal banking division, created by HSBC as part of an operational overhaul.
The new COO, who replaces a colleague who has moved to a London-based role, comes from JP Morgan. The bank has recently created a new wealth and personal banking unit, part of a general restructuring.
The organisation has been building a presence in the Asian market, tapping into a shift of how funds are bought and sold by banks, wealth managers and other parties.
The Asia-Pacific wealth management market proved an important driver of the Swiss firm's growth last year.
The pandemic adds to other forces that increase the use of the internet in steering money into investment funds in China, a report says.
A regular round-up of compliance news, such as fines, permissions, new technology solutions to make tracking risks easier, and other developments. ...
Visit the Bill and Melinda Gates Foundation website and the first message that greets you is “All lives have equal value”. It’s a comforting thought if not the current reality as the global health emergenc...
Among the casualties of the COVID-19 crisis are private equity and venture capital, at least in terms of their fund-raising prowess. These sectors have, however, amassed considerable "dry powder" in recent years...
Hedge funds haven't had an easy past decade, as a bull market in equities and low volatility and ultra-low interest rates hurt certain strategies. In recent weeks, however, parts of this sector are posting impre...
The market slump has wiped hundreds of billions from the portfolios of the world's richest men and women. A study from Asia shows that among the handful who bucked the trend, all of them were from China. ...
A prevalence of PDF documentation creates significant data extraction challenges for alternatives-focused wealth managers. But as firms turn to technology, those choosing cheaper generic tools are likely to find...
Ralf Huber is Co-Founder of Apiax, a regtech focused on transmuting complex regulations into digitised compliance rules. Here, he outlines the dangers of compliance becoming a “black box” and explains how a ...
Dermot Corrigan is CEO of smartKYC, a firm taking a truly multi-faceted approach to client screening. Here, he explains why wealth managers are missing out by focusing overmuch on “red flags” – when in fa...
With some parts of wealth management there's a "race to the bottom" on fees while firms are also trying to prove their added value propositions, including those alternative investment areas such as private credi...
Tom Wooders is Head of Sales, Clearing and Wealth Solutions at GPP, which provides wealth platform, execution, settlement and custody services to a broad spectrum of financial institutions. In this exclusive int...