The firm hires Song Kun from Merrill Lynch as senior client partner and adds Jimmy Lee and Lee Chin Lit from Clariden Leu, while reorganising its internal structure to retain ...
The region now boasts 3.3 million high-net-worth individuals and has driven the global level of wealth above pre- crisis levels of 2007, finds the World Wealth Report 2011.
The regulator says Merrill failed to assess the objectives of investors. It also fines Core Pacific-Yamaichi International (HK) over the sale of Lehman-related structured products.
Sam Tabar, who has joined Bank of America Merrill Lynch from PMA to lead its capital-raising efforts for hedge-fund clients, is expecting a wider range of strategies among Asia ...
Yu leaves retirement to become the firm’s Asia-Pacific chairman in a newly created role, and will represent American affiliate Columbia Asset Management.
The city’s high-net-worth population is still well behind its 2007 peak asset level despite having rebounded, according to the Asia-Pacific Wealth Report 2010, which ...
Michael Benz jumps ship from UBS to BoA Merrill to replace Antony Hung as head of wealth management for the region.
The ranks of the truly wealthy have swelled, with Asia leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.
The Securities and Futures Commission imposes a penalty of HK$3.5 million for mis-marking.
They are also very bearish on Malaysia and New Zealand, preferring Indonesia and Taiwan. Global allocators are boosting Japan weightings and shunning Europe.
While higher volumes and faster trading have been welcomed, the Tokyo Stock Exchange’s new trading platform creates a challenge for alternative venues.
Hong Kong's high-net-worth crowd were the hardest hit in Asia-Pacific by the financial crisis, according to the annual wealth report from Capgemini and Merrill Lynch.
The latest Merrill Lynch fund manager survey shows that investors are putting their cash to work as optimism about the global economy reaches its highest level since 2003.
Merrill Lynch says a consumer boom would likely benefit growth and asset prices in Asia far more than anywhere else.
The global financial crisis has caused the assets of the world's high-net-worth individuals to fall by an unprecedented 19.5% to $32.8 trillion.
The majority of fund managers surveyed are overweight equities for the first time in 18 months.
Banc of America Securities-Merrill Lynch's Michael Hartnett notes, however, that the rush to take risk is reminiscent of bubble-like behaviour.
Capital introductions specialist Jim Fallon returns to the prime broking industry after a spell at Tremont.
However, asset allocators are still underweight equities, indicating they have not fully embraced the idea of a new bull market, says Merrill Lynch.
Investors are fairly positive about prospects of global economic growth, thanks mostly to China, but that's still not reflected in actual investments.