Top banks in the US and UK increased their balance sheets by $1.3tn over the past two quarters, according to new research, as looser regulation in both markets gave lenders more room to grow.

Schroders is withdrawing from its wholly owned fund operation in China and has agreed to transfer its products to Neuberger Berman.

The new operation is part of its wider effort to pair its AI capabilities in wealth services with local management and partnerships.

Citigroup is planning to place a large share of its global wealth management recruitment in Asia, where its private bank is expanding more quickly and delivering higher productivity than in other ...

Singapore’s financial regulator has asked private banks to shorten the time it takes for clients to open accounts, as the authorities try to support the city-state’s role in global wealth management ...

Fidelity International, the asset manager headquartered in Bermuda, has named Elisa Prezzavento as director of ETF product strategy and development.

Taiwan’s financial regulator has said the island needs larger home-grown asset managers if it is to stand up as a regional financial centre alongside overseas rivals, reported Bloomberg.

Investment firm Bain Capital has raised $10.5bn for Bain Capital Asia Fund VI, including $9.1bn from external investors.

Morgan Stanley has supplied its entire Hong Kong investment banking team with restricted-use devices for trips to mainland China, the Financial Times reported citing undisclosed sources.

State Street Investment Management has taken a minority stake in getquin, a Germany-based digital wealth platform for retail investors.