wealth management

New Business

HSBC names new CEO of ring-fenced UK division amid biggest overhaul in a decade

HSBC Holdings has named David Lindberg CEO of its ring-fenced UK bank, ending a long search, as the lender undergoes…

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New Business

Futu opens flagship branch on retail high street to tap Hong Kong’s stock market bull run

Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional…

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New Business

Bank of East Asia profits rise as wealth business offsets bad property loans in Hong Kong

Bank of East Asia (BEA), Hong Kong’s largest family-owned lender, beat expectations with 14 per cent growth in its first-half…

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New Business

Robo financial adviser Syfe sinks teeth deeper into Hong Kong after US$80 million funding

Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding…

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New Business

China’s wealthy are hoarding cash amid an uncertain economy, survey finds

China’s high-net-worth investors prioritised “safety” in 2024 amid a period of economic turbulence, according to a new report, and analysts…

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New Business

Standard Chartered plans Hong Kong wealth centres to tap US$200 billion of ‘new money’

Standard Chartered will open one wealth management centre a year over the next five years in Hong Kong as part…

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New Business

Trump’s tariffs to reshape global trade with key role for Hong Kong: StanChart chairman

US President Donald Trump is unlikely to impose “super tariffs” on China, although his trade policies could create new trade…

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New Business

Hong Kong still among the world’s top wealth hubs, according to Knight Frank report

One in every 176 Hongkongers is estimated to have a net worth of more than US$10 million, making the city…

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New Business

HSBC cutting 900 staff at China digital wealth unit Pinnacle, sources say

HSBC reiterated its commitment to mainland China as a “priority market” after two sources said the lender was reducing staff…

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New Business

Why wealthy individuals prefer Hong Kong insurance policies for inheritances

Insurance policies were becoming a popular choice for wealthy individuals in Asia, including the Greater Bay Area, for estate planning…

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