Asia
Japan’s rich targeted in offshore joint venture
Bank of Singapore and Japan-based SMBC Trust Bank have said they will partner to serve Japanese high net worth clients seeking offshore investments.
J Safra Sarasin in U-turn on Japan equities
Bank J Safra Sarasin has drastically changed its view of Japan equities from being optimistic on the asset class six months ago, according to Philipp Bärtschi, the private bank’s Zurich-based chief investment officer.
Alternatives | 18 May 18
Online wealth management booming in China
Robo-advice and wealth management mobile apps are taking off in China, with a report from Boston Consulting Group showing online wealth management services have experienced 50% annual growth over the past five years.
Six Singapore advisers banned for mis-selling
Former Prudential, AIA and Citibank employees have been prohibited from providing financial advice services in Singapore, after they were found to have mis-sold investment products.
Embattled Aussie insurer AMP facing five lawsuits
AMP will have the dubious honour of becoming the first Australian firm to simultaneously face five class actions if three more law firms made good on plans to sue the embattled insurance company.