Alfred Liu

HSBC putting together a team to tap assets of Asia’s ultra-rich

Goldman Sachs, Citigroup and JPMorgan are among the private banks already catering to the richest wealth management customers in Asia.

JPMorgan ropes in Oliver Brinkmann from Lloyds to head Asia corporate banking

Based in Hong Kong, he reports to Sjoerd Leenart for corporate banking duties and Nicolas Aguzin from a regional perspective.

Online lender WeLab said to delay $500m Hong Kong IPO

WeLab has asked bankers to suspend preparation citing current market volatility.

Hong Kong-based fintech firm TNG said to plan US IPO

The company, whose investors include billionaire Henry Cheng’s NWS Holdings Ltd., is working with advisers on preparations for the proposed share sale.

Wealth managers getting ‘crazy’ pay hikes in HK, Singapore

Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a decade.

Private banks are starting to breach wall around China’s wealthy

The collective fortunes of China’s uber-rich grew a staggering 65 percent, or $177 billion, last year, according to the Bloomberg Billionaires Index

Credit Suisse sees Asia wealth race shift from key hubs to new cities

After Singapore and Hong Kong, the focus of wealth managers in Asia is shifting to cities such as Manila, Jakarta and Shanghai.

Newcomer among Asia’s largest private banks BOC Hong Kong on hiring spree

BOC Hong Kong, which started private banking in 2012 with just three employees, is now one of only two Chinese banks among Asia’s top 20 players in the segment.

Citigroup says it’s open to maintaining minority stake in China JV

Last year, China said it will allow global banks to take controlling stakes in local securities ventures.

Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPO

Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.