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These are the 5 biggest hurdles facing Asia's independent asset managers
Asia-Pacific is arguably the most attractive region for independent asset managers (IAMs) right now. According to a recent report by consulting firm Capgemini, Asia's population of high-net-worth individuals (HNWI) is now the largest in the world at 4.7 million, while their wealth grew 11.4% to $15.8 trillion in 2014. Asia's growing community of IAMs now have the opportunity to capture some
People Moves: Deutsche Bank Wealth Management reshuffles Asia senior management
Deutsche Wealth Management shuffles Asia team. Deutsche Bank’s wealth management arm has appointed Sudhir Nemali as its new Asia COO. He replaces Venkatesh Narasiah, who has been appointed global head of the unit’s WM operating model. Prior to his new role, Nemali was previously managing director and group head for Global South Asia. Before that, he was responsible for investment
BoA: China’s wealth management products pose systematic risk
The risk of a liquidity crisis in China’s bank-run wealth management product (WMP) space, the biggest “deposit” base of China’s shadow bank, is growing at an alarming rate according to Bank of America Merrill Lynch’s February 29 report on the sector. According to figures from the Annual Report of the Bank WMP Industry, the total value of assets in WMP
These 10 firms have a poor record for hiring shady advisors, says report
The most important word for any investor choosing a financial advisor is "trust." Which is why a recent report issued by the University of Chicago on financial advisor misconduct makes for uncomfortable reading. The report -- accessed by WealthManagement.com -- provided the following shocking statistics: Of the 650,000 financial advisors registered with the Financial Industry Regulatory Authority (FINRA),  8% have some type of
People Moves: EFG International deputy CEO leaves; Credit Suisse names new head of alternative investing
EFG’s deputy CEO leaves. Gea Hong Tho, EFG International’s Singapore-based head of private banking and deputy CEO, has reportedly left the firm. His departure comes shortly after the Swiss wealth manager agreed to purchase its BTG Pactual-owned competitor, BSI. Tho joined EFG back 2012 after nearly eight years at Merrill Lynch, where he was a managing director. Asian Private Banker
People Moves: Barclays names new WM head; Schroders appoints HK distribution chief
Barclays installs new head of wealth & investment management. Andrew Tailby-Faulkes, a 30-year veteran of the private banking industry, has been appointed head of wealth and investment management, Singapore by Barclays. He was previously the firm’s global head of trusts. Tailby-Faulkes’ promotion comes shortly after Didier von Daeniken – the British firm’s former Asia wealth management chief – moved to
Blurred lines: Four ways insurers are becoming better wealth managers
The line between insurer and wealth manager is becoming increasingly fuzzy as more life insurance firms look to cater to high-net-worth individuals (HNWI). This is particularly the case in Asia where, last year, the HNWI population exceeded that of  North America. Many insurers are seeing this as an opportunity to get a stronger foothold in the wealth management space. Here
Emotional knowledge is key to investment success
Understanding emotions and how we process information to make decisions is vital to investment success. This is true whether you manage your own portfolio or whether you have hired a professional portfolio manager to handle the task. The sad reality is that most professional money managers don’t understand that their emotional judgements are likely harmful to portfolio performance. Professional money
All change: Full breakdown of Morgan Stanley's WM shuffle
At the start of the year, Greg Fleming, president of Morgan Stanley's wealth management business, made the surprise announcement that he would leave the company. This was just months after it was learned Fleming was sidelined in an internal reshuffle that scuppered any hope of him succeeding James Gorman as CEO of Morgan Stanley. That honor is now more likely to
People Moves: JPM loses wealth management CEO to Coutts; UBS names new head of Southeast Asia wealth
JPM loses wealth management CEO to Coutts. Peter Flavel, JP Morgan’s Asia Pacific CEO of Private Wealth Management, has been hired by RBS to be the new CEO of Coutts & Co and Adam & Company. He replaces Michael Morley, who will step down in May. Flavel has been with JP Morgan since 2010, joining the U.S. firm in Hong