Wealth Management
HSBC To Overhaul UK Bonuses
02/22/2012
HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.
Chastened UBS uses 150th events to polish image
02/22/2012
The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.
Western Australia plans sovereign wealth fund
02/22/2012
The investment vehicle will be comparable to the existing 73.07 billion Australian dollar (US$78 billion) Future Fund set up by the Commonwealth government in Canberra, which covers public pension liabilities, state Premier Colin Barnett said.
Hong Kong headache: UBS faces 10-fold rent increase
02/22/2012
The bank has enjoyed a sweetheart, 10-year lease on space in Two International Finance Centre, which dominates Hong Kong's Victoria Harbour skyline, in a deal struck when the city was staggering from one of its worst economic crises.
UBS Sees 25 Asia Family Office Clients This Year
02/21/2012
UBS AG’s Global Family Office division aims to begin serving 25 clients in Asia this year, with assets of at least $200 million each, Amy Lo, managing director and head of ultra-high net worth, Asia-Pacific, told journalists in Singapore today.
Wealth tax to span watches, paintings...
02/21/2012
Deposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net as part of the government's drive to unearth black money.
Bendigo Wealth explores scaled advice
02/21/2012
The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.
Wells Fargo relocates to new branch in Tokyo
02/20/2012
Nearly 40 team members from Wells Fargo’s International group will be based in the new branch, located at Marunouchi Trust Tower Main 24th Floor, 1-8-3 Marunouchi, Chiyoda-ku, Tokyo, Japan.
China set to become biggest gold market
02/17/2012
India has for decades been the world’s largest gold market, but in the final quarter of 2011 demand tumbled by almost half from a year earlier as a collapse in the value of the rupee made gold more expensive for Indian buyers.
Kazakhstan to overhaul $84 billion national wealth fund
02/17/2012
Umirzak Shukeyev’s criticisms come as a pointed attack on the fund’s management under his influential billionaire predecessor Timur Kulibayev, who is the son-in-law of the energy-rich Central Asian nation’s president.
