Indian banks are in good shape. We’ve heard that often enough from the Reserve Bank of India (RBI) and the government. (more…)

The past year’s expansion in Asia’s wealth management industry bears little resemblance to the boom of 2007, when firms were hiring indiscriminately and clients were less cautious, said the head of Credit Suisse Group AG’s private-banking unit in the region. (more…)

Standard Chartered is on course for another record first-half performance as the bank continues to reap the benefits of its exposure to the growing economies of Asia. (more…)

The Royal Bank of Scotland will use its banking licence to provide banking services to the well-heeled under its private banking division after it divests its retail and commercial business. (more…)

Fund management houses will increasingly adopt a “multi-boutique” or “virtual” structure, but will struggle to crack the potentially lucrative Asian market. Those are among the predictions of the latest annual industry report drawn up by Citigroup, Principal Global Investors and Create Research. (more…)

The world’s population of high net worth individuals (HNWIs) grew 17.1% to 10.0 million in 2009, returning to levels last seen in 2007 despite the contraction in world gross domestic product (GDP). (more…)

The number of Indians with investible resources in excess of a million dollars rose 51% on the back of a smart recovery in asset prices in 2009, according to the 2010 World Wealth Report released on Wednesday by Capgemini and Merrill Lynch Global Wealth Management Ltd. (more…)

Is market and market-related data a crucial driver of success in the wealth management industry? Well, it could be in a couple of ways. Obviously, if a wealth management firm (wealth management news) could craft a truly unique and high value-added data feed for customers, it would prove a marketable benefit, though I think that route is unlikely. (more…)

Not since the proposed changes to the taxation of UK resident non-domiciled individuals has such controversy been stoked as is the case with the proposals to change the rate of capital gains tax, says Christopher Shaw, group head of wealth planning at Societe Generale Private Banking Hambros. (more…)

RAB Capital, the London-based hedge fund manager, is moving to significantly bolster its Asian operations amid growing interest in hedge funds from investors in the region. (more…)