PWM Asia Archives » 2011 » January
Beijing’s firm hand faces testing times
24 January, 2011
The Chinese authorities are increasingly flexing their financial muscles to control inflation, but a number of external challenges cloud the horizon
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‘In this part of Asia, skills and talent are not growing as fast as wealth. Our challenge is how to deal with this in a cultural context’
Anurag Mahesh, Deutsche Private Wealth |
Stepping up the search for talent
24 January, 2011
Recruitment is proving to be a key battleground for wealth managers looking to expand across Asia, writes Yuri Bender
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Hitching a ride on the wealth IPO train from the East
24 January, 2011
The successful listing of China’s Noah Holdings on the New York Stock Exchange is an example of the potential for private equity to access the Asian growth story by buying into the wealth management market, writes Stephen Wall
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Can the Bric countries growth story be sustained?
24 January, 2011
In 2001, Goldman Sachs Investment Research team created the Bric (Brazil, Russia, India, China) concept in an effort to identify the world’s fastest growing economies. By 2050, it was forecasted that the Bric economies could collectively rival the G7, in terms of share of global growth. GIR now believes this timeline is conservative the speed of development is such that the Bric economies could rival the G7 by 2032.
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Ma Weihua: “In the future, private banking is one of the most important fields for us to develop, because China’s wealth keeps accumulating and we are now the third largest market in the world” |
Cautious CMB opts for consolidation over expansion
24 January, 2011
China Merchants Bank’s chairman Ma Weihua discusses the bank’s shift towards retail banking and the challenge of tapping into the Chinese high net worth individual segment. Yuri Bender reports
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‘Some banks that have tried to grow their global footprint at a rapid pace have suffered. Our plan is to expand slowly’
Abhay Aima, HDFC Bank
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HDFC widens the net to target India's smaller metropolitan centres
24 January, 2011
Although most players in the Indian wealth management industry are confined to the big cities, HDFC Bank’s Abhay Aima explains why he believes the greatest potential for growth can be found in the country’s smaller towns, and highlists some of the problems international players are facing. Rekha Menon reports
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Testing the waters
24 January, 2011
As the Asian economic growth phenomenon continues, both Western and domestic players are looking to expand across the region. But in order to be successful it is imperative they they first try to understand the mentality of the customers they are looking to attract, writes Yuri Bender
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Successful business models cater to local tastes
24 January, 2011
Private banks aiming to make it big in Asia are adopting a variety of approaches, but like their fund management counterparts, many are failing to come to terms with fundamental truths in local culture when they build their models.
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Picking the winners
24 January, 2011
Best global private bank: Citi Private Bank
Highly Commended: HSBC Private Bank, JP Morgan Private Bank
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Seeking out region’s stars
24 January, 2011
Operating in a marketplace that has been significantly altered by the fallout from the financial crisis, private banks and wealth managers are adopting new business models. The second annual Global Private Banking Awards reflect those institutions successfully adapting to the new landscape and addressing their clients’ needs, writes Yuri Bender. Additional reporting by Ceri Jones, Rekha Menon, Elliot Smither and Elisa Trovato
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MEET THE JUDGES
24 January, 2011
Amin Rajan, CEO, Create-Research, London, UK
Amin Rajan is chief executive of the Centre for Research in Employment and Technology in Europe (CREATE) – a pan-European network of prominent researchers undertaking high level advisory assignments for the UK government, city institutions, multinational companies and international bodies such as the EU and the OECD. He has also acted as a senior consultant to a huge variety of household name companies. He is a visiting professor at the Cass Business School, London Metropolitan University, Centre for Leadership Studies at Exeter University, President of the Scientific Committee at Audencia - Nantes Ecole de Management in France, and on the Editorial Board for the Journal of Asia-Pacific Business.
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Emerging markets remain an attractive investment
24 January, 2011
William De Vijlder, CIO Strategy and Partners at BNP Paribas Investment Partners, discusses the key investment themes for the year ahead
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Louisa Lo |
Picking the winners in the Asian success story
24 January, 2011
An army of stockpickers is descending on Asia’s financial centres looking to profit from the region’s rapid growth. But what are the countries to look at, and which sectors deserve the most attention? Yuri Bender reports
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Watching out for regional pitfalls
24 January, 2011
As Chinese manufacturing becomes gradually priced out by Vietnam, Indonesia and Bangladesh, Siew Hua Thio from Tantallon Capital expects increasing numbers of factories to move their production out of China. “New environmental regulations have also lifted the cost of doing business in China,” she says.
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Malaysian firms an attractive bet
24 January, 2011
Malaysia stocks form the current surprise package of the South East Asian region, according to Coupland Cardiff fund manager Rory Dixon. Malaysian companies, he says, have always been perceived as small and “a bit dull”, so unlikely to attract much interest from foreign fund houses.
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