Opinion in Hong Kong

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Type Product title / description Pub Price
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UBS targets Asian philanthropy

Despite the comparatively low demand for philanthropy in Hong Kong, UBS's decision to launch its first Asia Pacific UBS Optimus Foundation office in the SAR represents a strategic move. Growing demand in the wider region means that UBS will be able to reach out to philanthropists across Asia Pacific, capitalizing on Hong Kong's position as a financial hub.

Published By Datamonitor
14 May 2013
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Competition for renminbi heats up

As countries such as Singapore, the UK, and Taiwan compete to be yuan offshore trading centers, Hong Kong will have a tough time maintaining its leading role in the long term.

Published By Datamonitor
01 May 2013
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FATCA: UK follows in US's footsteps

The Cayman Islands has announced that it will implement a FATCA Model 1 intergovernmental agreement with the US and that it will seek similar automatic exchanges of information with the UK. The announcement marks the latest major offshore jurisdiction to enter into a FATCA agreement with the US and, unsurprisingly, also with the UK.

Published By Datamonitor
05 Apr 2013
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Alternative investments to flourish in Hong Kong

Measures proposed by the Hong Kong government to develop the country's alternative asset industry are expected to drive demand for hedge funds and private equity, meaning wealth managers should position their product and service offerings accordingly.

Published By Datamonitor
08 Mar 2013
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Asia Pacific booking centers overtake Switzerland

The recent scandals that have engulfed the most prominent Swiss wealth managers, instigating outflows of billions of Swiss francs to other wealth centers, have impacted the role of Switzerland as a top booking center for global HNW individuals. This has contributed to the emergence of Singapore and Hong Kong as among the foremost wealth centers globally in terms of assets held.

Published By Datamonitor
15 Jan 2013
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Vontobel: seeking growth in Asia Pacific

Vontobel's and Australia and New Zealand Banking Group's new joint venture will provide Vontobel with greater access to the robust growth in Asia Pacific, while growth in its home markets is slowing down.

Published By Datamonitor
30 Nov 2012
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Bank of China's private bank to gain at least $2.9bn in AUM from its own clients

Bank of China (Hong Kong) has announced the launch of a private bank. It is prioritizing organic growth in its expansion strategy rather than acquisition. Based on Datamonitor's modeling of Hong Kong's affluent market the bank could pick up at least $2.9bn in client assets from its retail customer base in the city. The 30 private bankers it has hired initially are likely to be only the start.

Published By Datamonitor
20 Nov 2012
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Is VP Bank's repositioning in Asia the start of a trend?

VP Bank, a Liechtenstein-based bank that first entered Singapore in 2008, has decided not to continue its strategy of building a private banking presence in the region. Other foreign players will follow suit if they do not pursue opportunities in the less competitive secondary markets of Asia.

Published By Datamonitor
08 Oct 2012
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Onshore wealth management is more attractive in Chile and Turkey than in China and India

The legal hurdles that exist in countries such as China restrict the degree to which foreign banks can enter and conduct business. These restrictions do not necessarily negate the opportunities in these countries, but they do mean that alternative routes to market other than the acquisition of a smaller local player may be necessary, complicating and adding to the cost of entry.

Published By Datamonitor
08 Oct 2012
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Julius Baer and Bank of America Merrill Lynch: shaking up the world order of global wealth managers?

Julius Baer has agreed to acquire Merrill Lynch's non-US wealth management operations from Bank of America. The deal is sizable, seeing Julius Baer boost AUM by around 40%, and could see it edge into the top 10 largest wealth managers globally. Despite the divestment, Bank of America is set to remain as the third largest wealth manager in the world, thanks to its significant US operations.

Published By Datamonitor
15 Aug 2012

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