Wealth Management
Credit Suisse crisis likely to make rich Indians wary of wealth managers
"In the past 15 years or so, many multinational financial institutions have come and exited Indian markets and the latest incident was making wealthy investors nervous"
 "Credit Suisse crisis likely to make rich Indians wary of wealth managers")
Are the ultra-rich ready for Singapore after Credit Suisse's collapse?
If it looks like the US is halting its monetary-tightening campaign because disinflation is on the horizon, risk sentiment may start improving
 "Are the ultra-rich ready for Singapore after Credit Suisse's collapse?")
Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report
A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes
 "Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report")
Emerging markets face risk of policy error amid conflicting priorities
Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace
 "Emerging markets face risk of policy error amid conflicting priorities")
Inheritance rights of adopted children vary on the basis of religion
Hindu and Christian personal law treat adopted child on a par with natural-born ones
 "Inheritance rights of adopted children vary on the basis of religion")
Amazon to delist Appario as seller, renews Frontizo JV for 3 years
The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure
 "Amazon to delist Appario as seller, renews Frontizo JV for 3 years")
LGT Group forays into Indian wealth management space via LGT Wealth India
Majority owned by LGT Group, LGT Wealth India employs more than 200 staff and has a presence in 14 cities across India, including Mumbai, Delhi, Chennai, and Bengaluru, the company said in a statement
 "LGT Group forays into Indian wealth management space via LGT Wealth India")
Broking biz will flourish for those who constantly upgrade: Emkay Global MD
"Maximum returns are seen when small-caps of yesteryear become mid-caps of today and large-caps of tomorrow", says Krishna Kumar Karwa
 "Broking biz will flourish for those who constantly upgrade: Emkay Global MD")
Ring-fence your wealth from creditors by setting up wills and trusts
It is a versatile instrument suited for the wealthy, but it must be drafted carefully
 "Ring-fence your wealth from creditors by setting up wills and trusts")
State of the Indian economy: Unequal, uneven distribution of wealth
The income gap between states is growing and the pain of inflation is worse for those falling behind
 "State of the Indian economy: Unequal, uneven distribution of wealth")
NRI investors' interest in India growing: Bank Julius Baer's Rahul Malhotra
'The wealth management market in India is becoming highly competitive with digital disruption and increasing need for personalised client engagement'
 "NRI investors' interest in India growing: Bank Julius Baer's Rahul Malhotra")
Wealth management platform Dezerv raises $21mn in series A led by Accel
Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform
 "Wealth management platform Dezerv raises $21mn in series A led by Accel")
Being clever cannot be a business model: CASHe chairman V Raman Kumar
It's not that we are giving money to everybody. We have to make sure that there's a high propensity to repay, said Kumar
 "Being clever cannot be a business model: CASHe chairman V Raman Kumar")
Validus Wealth plans to grow AUM five times in next three years
The company has crossed the USD 1-billion mark in three years of operations
 "Validus Wealth plans to grow AUM five times in next three years")
Evergrande pays back some cash owed to wealth product investors
The distressed developer paid the first 10% installment of wealth management products due September on Thursday, in line with a repayment plan announced earlier
 "Evergrande pays back some cash owed to wealth product investors")
Wealth managers must sharpen their game
To truly capitalise on the market opportunity, wealth managers need to focus on quality of advice, innovation in product design and ease of execution
Amazon enters India wealth management with bet on startup Smallcase
Smallcase improves digital access to capital markets by offering weighted portfolios of stocks and exchange traded funds.
Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth
The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million, according to a statement.
 "Amid HK turbulence, HSBC buys AXA Singapore for $575 mn to grow Asia wealth")
HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class
The London-based bank has outlined ambitious plans to expand in wealth management, particularly in China.
 "HSBC aims to be top Asia wealth manager in 5 yrs, eyes China middle class")
Banking giant HSBC exiting US retail banking to focus on wealth management
HSBC says it is closing its US retail banking business in order to refocus its efforts on wealth management
 "Banking giant HSBC exiting US retail banking to focus on wealth management")
