BNY Mellon Wealth Management intends to launch "comprehensive discretionary investment and wealth management services to high net worth individual investors" after receiving approval from Hong Kong's regulators, the bank said.
Asia-Pacific is set to become the region with the largest number of high net worth individuals (HNWIs) and highest wealth growth by the end of 2015, after recording world leading growth in 2013.
Axa Hong Kong (Life) and Axa Singapore (Life) are to target Asia’s growing number of high net worth individuals with a new range of products and services, and have named David Varley to oversee the operation.
BNY Mellon has partnered with nine global asset managers for its separately managed account services catering to high net worth individuals in Singapore and Hong Kong.
Vistra, the Geneva-based trust, corporate services and fund services group, has acquired a Netherlands-based consultancy, HVK Family Office Services.
London & Capital, the London-based wealth manager, has named Cindy Lim to a key client relationship management role in its immigration division, as it expands its business looking after so-called "high value" immigrants to the UK.
London & Capital, the London-based wealth management firm, said a new division launched last year to cater for high-net-worth immigrants to the UK is off to an “impressive start”.
A J P Morgan Private Bank study has revealed that three quarters of high net worth investors (HNWIs) in Europe believe the eurozone will survive the ongoing crisis.
High net worth individuals are more altruistic than wealth advisers think, according to a global study published by Liechtenstein-headquartered private bank Kaiser Partner.
For the first time in the 16 years that Capgemini has surveyed the worlds wealthy, Asia came out on top as the region with the most people with $1m or more in total wealth, the latest World Wealth Report reveals.
Lombard International Assurance has hired long-time Aegon executive John Bissett to further strengthen its private banking team, and signalled that it is planning to make additional appointments.
Nine in ten affluent Asians expect their financial services provider to offer education on investments and wealth management, according to a major study conducted by Standard Chartered Bank and Scorpio Partnership, a global strategy research company.
