Taiwan wants to lure wealthy investors' capital from Singapore and above all Hong Kong but it ideally needs lower tax rates to do so, says a senior local regulator.
When startup founders cash out with a large amount of money on hand, they start to become targets for the wealth management companies. What goes around comes around!
As a pioneer in wealth management among Taiwan’s securities firms, Yuanta Securities now holds top spot in this market. In a conversation with FinanceAsia, Yuanta’s executive vice president Tony Wang and Sharon Chen, CEO, Yuanta Securities (Hong Kong) explain why demand for its services is on the rise.
The strategy and planning discipline that a business implements to drive growth and success should also be applied to a family corporation's succession planning to ensure sustainability and wealth.
Removal of restrictions sees leading foreign securities and asset managers re-evaluate China's financial market in search of profit. Tactics will determine if years of misfortune and lacklustre results will be reversed.
Credit Agricole's private bank in talks to buy CIC's Hong Kong and Singapore wealth business, but industry observers say merged operation may itself become a takeover target.
The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
The Swiss firm has recruited its first private bank chief in Shanghai, as it continues to build out local businesses in Asia. But it's not clear whether it's still seeking mainland partners.
Singapore’s DBS is hungry for more acquisitions after agreeing to buy ANZ’s Asia retail and wealth business. But ABN Amro’s Asian private bank may be another step too far, too fast.