China continues to dominate US in billionaire rankings
Beijing ahead of New York as it is named city with most UHNWs for the fifth year running
Asia
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SJP bucks trend of anaemic growth among DFMs despite scandals
Woodford holdings and sales perks fail to derail flows at FTSE 100 wealth firm
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Shareholders to sue Australia’s IOOF
As they claim to have suffered financial loss due to alleged corporate misconduct
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Calls for Prudential to spin out US and Asia businesses
Second largest shareholder argues combination of PruAsia and Jackson has ‘no strategic rationale’
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Hong Kongers to buy insurance without meeting intermediary
To avoid unnecessary contact and reduce risk of spreading the coronavirus
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PEOPLE MOVES: UBS, J Safra Sarasin, HSBC
Swiss bank hires CEO from ING Group, while rival names Asia chief executive
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Cayman tops ‘financial secrecy’ index
While the United States overtakes Switzerland for the first time
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US wealth management group acquires Australian firm
Deal will expand the business’ international presence
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Goldman Sachs AM launches four retail funds in Singapore
They were previously only available to accredited private banking and institutional investors
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UK banking group opens Singapore wealth centre for HNWs
Office provides solutions to clients outside of their current market of residence
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Singapore life firms to offer free coronavirus coverage
As Manulife commits S$1m to help customer with virus-related costs
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Old Mutual International rebrands
Firm says this will help ‘further raise the profile of the value of advice’