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24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
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22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
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16/04/2024 Google Chat working on adding group audio and video call function within Gmail Spaces ( General )
15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )

Retail Asia28/07/2023

Swiss wealth and asset manager Vontobel delivers strong first-half results as the wealth management unit performs strongly. However, institutional investors «continue to defer investments which was reflected in negative outflows. The firm plans to hire over 50 Relationship Managers this year. Vontobel reported that its wealth management unit delivered «very strong» performance in the first half, […]

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Retail Asia21/12/2022

Zwei Wealth seeks to become the family office in your pocket. An experienced wealth manager joins the Zurich-based wealth advisor. Daniel Hug becomes a partner of the wealth advisor Zwei Wealth co-founded by former UBS chief economist Klaus Wellershoff, the firm announced Tuesday. As wealth officer, he manages client mandates at his new employer, using his expertise in serving ultra-high […]

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Retail Asia12/07/2022

The Swiss bank could be considering ending the co-management of its global wealth unit as it places its potential leader into position for the future. UBS is currently evaluating whether to promote Iqbal Khan as the sole head of the global wealth management business. The current co-head of the wealth management business, Tom Naratil, may keep his […]

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Retail Asia05/05/2022

UBS Global Wealth Management to bolster Southeast Asia wealth planning capabilities with a 20-year veteran. Michelle Lau will join UBS Global Wealth Management (GWM) as its head of wealth planning, Southeast Asia. Based in Singapore, Lau will start her new role in the third quarter of 2022. Lau is a seasoned veteran with 20 years […]

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Retail Asia08/02/2022

Gold prices in Vietnam hit a new peak Monday ahead of the God of Wealth Day amid surging demand. Saigon Jewelry Company (SJC) sold its gold at VND63.5 million ($2,801.49) per tael Monday afternoon, up 1.02 percent from Friday. A tael equals 37.5 grams or 1.2 ounces. Prices at another major reseller, DOJI, stood at […]

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Retail Asia27/01/2022

UBS has agreed to acquire California-headquartered digital-only wealth platform Wealthfront, amidst broader plans to tap into the affluent segment worldwide. UBS has signed an agreement to acquire Wealthfront in an all-cash transaction valued at $1.4 billion, according to a statement. The deal will allow UBS to accelerate its growth plans in the U.S., increase reach into […]

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Retail Asia13/12/2021

Switzerland’s largest lender is expanding its partnership with the iCapital Network platform to serve wealthy clients in Switzerland and Asia. UBS global wealth management is strengthening its ties to iCapital Network to gain access to the technology company’s data and analytics platform for private markets, according to a statement Thursday. Details of the deal were not […]

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Retail Asia21/10/2021

DBS and OCBC have announced partnerships as part of the cross-border wealth management scheme between Hong Kong and China. DBS Bank (Hong Kong) will be working with the Postal Savings Bank of China (PSBC), while OCBC Wing Hang Bank, OCBC’s Hong Kong subsidiary has tied up with China’s Ping An Bank to provide wealth-management services in […]

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Retail Asia20/10/2021

China’s two special administrative regions announced their list of eligible banks to participate in the cross-border wealth management scheme. In Hong Kong, HSBC, Standard Chartered, Citi and more were amongst those on the list of 19 approved banks, according to an announcement yesterday from the city’s central bank. Three banks – Bank of East Asia, DBS and […]

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Retail Asia03/09/2021

BNP Paribas’ asset management arm is reportedly in talks with a Chinese «big four» bank to form a wealth management joint venture in the mainland. BNP Paribas is in talks with Agricultural Bank of China’s (AgBank) wealth unit to form a wealth management joint venture, according to a report citing unnamed sources. BNP Paribas is expected […]

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Retail Asia26/07/2021

Strong asset performance amid the pandemic and exits through initial public offerings by portfolio companies boosted the fund’s performance. GIC, whose investment performance is measured using a rolling 20-year real rate of return, posted an annualized USD nominal rate of return of 6.8 percent for the period that ended 31 March 2021, or 4.3 percent […]

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Retail Asia02/07/2021

HSBC has appointed a successor for the role of wealth and personal banking head in Malaysia after it was left vacant for three months. HSBC named Renee Bullock-Cann as head of wealth and personal banking (WPB) in Malaysia, according to a statement, succeeding Tara Latini who was named head of WPB in the U.S. in April. Bullock-Cann reports to HSBC […]

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Retail Asia30/06/2021

He takes over from Shahril Ridzuan who will be departing to pursue his personal interests. Malaysia’s Khazanah Nasional has appointed veteran banker Amirul Feisal Wan Zahir as managing director, effective 16 July, it said in a statement on Tuesday. Zahir, 51, began his career at auditing firm KPMG and later joined Citi in the Kuala Lumpur, Singapore and Hong […]

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Retail Asia28/06/2021

The bank aims to double its wealth fee income by 2026, which translates to a compound annual growth rate of over 15 percent over the next five years. UOB is hoping get more of its customers to kickstart their investment journey by expanding its digital wealth offerings and investing in digital innovation, particularly as customers in the […]

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Retail Asia04/06/2021

The wealth planning specialist catering to ultra high net-worth individuals began her career 16 years ago as a wealth management associate at Citi. Faye Ong, previously head wealth planning for South Asia at Union Bancaire Privee, has rejoined the bank as head of the family office advisory, private capital group, according to a LinkedIn post […]

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Retail Asia19/04/2021

Citi unveiled its hiring plans for its wealth management business in Hong Kong – one of the few remaining markets the bank will place its renewed focus on after announcing a series of planned exits. Citi will look to hire up to 500 people in its Hong Kong wealth unit, according to a statement. The […]

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Retail Asia16/03/2021

Banks looking to capitalize on wealth management opportunities from the Greater Bay Area will have to wait until travel bans are lifted, according to the Hong Kong Monetary Authority. HKMA chief executive Eddie Yue said that the existing travel bans make it difficult to launch the ‘Wealth Management Connect’ scheme – a cross-border channel that will allow […]

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Retail Asia27/01/2021

Asia Pacific profits in the fourth quarter of 2020 more than doubled year-on-year at UBS, driven by a strong increase in invested assets. Profits before tax at UBS’s APAC unit increased by $95 million to reach $169 million – a nearly 130 percent increase – driven by an increase in both transaction-based income and recurring […]

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Retail Asia28/12/2020

The U.S. investment bank plans to expand its wealth offering to affluent clients. The move represents a further departure from its Wall Street roots. Goldman Sachs, the best-known investment bank in the world, is pushing deeper into mass-market banking. Four years after launching Marcus for retail clients, the New York-based company is now releasing an […]

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Retail Asia17/12/2020

Citi in Asia Pacific posted record-high net new money of $20 billion across its wealth management business in the region. This represents a 10 percent year-on-year increase, according to a statement from the bank, and pushes total assets under management across the wealth business to $238 billion with approximately one-third of billionaires in the region […]

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