2010
2010 NEWS
PRIVATE BANKS FIGHTING TO WIN ASIA'S WEALTHY
The number of newly minted billionaires in Asia is growing by leaps and bounds and this has beome the lastest battle ground among leading private banks competing to manage the money of the region's wealthiest citizens.
WHY SUPER-RICH ARE SNAPPING UP HOMES IN S'PORE
Ever since news broke that the celebrity snapped up a Good Class Bungalow (GCB) for a reported S$19.8 million, there has been a lot of talk about Singapore attracting the rich and famous as well foreigner eligibility in buying such properties.
GIC SEES EMERGING OPPORTUNITIES
On the development of talent for the wealth management industry, GIC said the Master of Science in Wealth Management course, offered by the Wealth Management Institute together with Singapore Management University , has had 300 students from 18 countries. The programme seeks regional trainees, and caps the Singapore enrolment to no more than half the intake.
SWISS PRIVATE BANKING SHIFTS EAST
For centuries, Switzerland has been the sanctuary of choice for wealthy people seeking to hide their fortunes. Now amid a growing crackdownn on Swiss private banking, the rich are flocking to Singapore and Hong Kong.
PHILANTHROPY HERE GETS PROFESSIONAL
Philanthropy in Singapore has reached an exciting phase of growth, as new trends and concepts could add breadth and depth to giving here. It is the beneficiary of Asia's strong growth, rising prosperity and the speed with which knowledge and information spreads today.
GLOBAL ASSETS UNDER MANAGEMENT UP 11.5% - BCG STUDY
Global assets under management rebounded 11.5% to $111.5 trillion in 2009 -- driven by Asian Growth -- but client trust and the performance of wealth managers are still lower than they were before the economic crisis, according to a new global wealth-management study.
