Mobius hands reins to Dover; Eastspring names investment services head; T. Rowe Price hires Japan chief; UBS WM adds vice-chairman; RBC WM appoints SE Asia head; Fullerton hires in fixed income; new Northern Trust sec lending head; State Street buys GE AM; Citi poaches ANZ economist; DBS hires tech head; and HK SFC shuffles committees.
Asian Infrastructure Investment Bank installs CIO; search firm Stemp starts IM practice; RBC WM names Asia team lead; Nikko AM adds EM debt PM; Amundi replaces alternatives CIO; Pimco appoints Emea chief; and JP Morgan Private Bank hires Emea equities head.
The latest Asia Pacific Wealth Report highlights which regional markets are growing fastest in terms of high-net-worth population and wealth, and where they are putting their money.
Asia Pacific records the fastest growth in high-net-worth population to overtake the US and is tipped to take top spot for overall wealth this year, finds new research.
BSI names new Asia chief; BlackRock adds equity PM; RBC WM hires head of discretionary; LaSalle creates Australia funds head role; AMP Capital continues revamp; Challenger replaces funds chief; RHB appoints retail head; Milbank opens Korea office; and Withers partners Khattar Wong.
Changes at the top at CIC; KWAP appoints new CIO; PineBridge names deputy president for Japan; RBC WM fills Greater China roles; BNP Paribas boosts securities services team; Eastspring adds in marketing; and Strategic Insight hires research head.
RBC Wealth Management says the financial industry must rise to the challenge of high-net-worth demand for socially responsible investing, as revealed in the World Wealth Report.
Pinebridge taps Société Générale director, RBC WM bolsters sales team, Threadneedle opens Malaysian office, Deutsche names institutional head and Nomura hires BNPP executive.
Banks in Indonesia are realising the young, growing middle class is the key to building an onshore wealth management industry that is less reliant on Singapore.
High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Growth in the number and wealth of high-net-worth individuals in Asia will outstrip North America within three years, although it will be a tight race, finds a benchmark survey.
The world’s most populous region for high-net-worth individuals sees its community grow marginally, despite declines in Hong Kong and India on the back of stock market slumps.