All articles by Ronan Mccaughey
Ronan Mccaughey
Asian families must boost succession planning
The head of the recently established Coutts Institute in Asia has emphasised the importance of succession planning for family businesses as part of a holistic approach to wealth management Roger Low, who heads up the Coutts institute in Asia, which offers wealth advisory services for high-net-worth (HNW) and ultra HNW clients in the area of family business advisory, philanthropy advisory and next generation services, made the comment to Banking & Payments Asia.
Need for wealth management tech solutions
An emerging trend in the bank technology sector is the growing need for wealth management solutions, according to Anselm de Souza, managing director of bank IT services provider Callatay and Wouters in Asia-Pacific. The comment comes at a time when there is a demand for local banks in Asia-Pacific to build an onshore wealth management business for private and priority customers and offer a wider range of investment products. As local banks in Asia-Pacific, segment their customer base, and financial institutions focus on product and service differentiation for each of the segment, de Souza says this has led to a growth of product offerings in the wealth management sector.
Rosy outlook for Asia painted
Investment experts at RBS Coutts have painted an optimistic outlook for the Asian economy over the remainder of 2011 as inflation is expected to decline and a continued US economic recovery is forecast to provide an encouraging backdrop for Asian risk assets.
APAC’s booming HNW market
Asia-Pacific has surpassed Europe in terms of the number of high net worth individuals (HNWIs), according to a world wealth report released by Merrill Lynch Global Wealth Management and Capgemini. The number of HNWIs in Asia-Pacific totaled 3.3 million in 2010, a rise of 9.7 percent compared to 2009 In comparison, the number of HNWIs in Europe was 3.1 million in 2010, a year-on-year increase of 6.3 percent.
StanChart makes senior PB appointment in India
Standard Chartered Private Bank has named Sandeep Das as managing director and head of its private banking operation in India He will report to Stephen Evans, head of the banks private banking business for EMEA, India and the Americas as well as to Sanjeeb Chaudhuri, Standard Chartereds regional head for South Asia andits groupchief marketing officer for consumer banking.
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