Monday, 23rd November 2009

 

Online wealth platform eyes HNW Singaporean clients

iFast Financial on Wednesday unveiled the first independent wealth management platform in Singapore catering to high net worth individuals, according to a report in AsiaOne.

The iFast Global Prestige platform, which will adopt a fee-based structure instead of the widely prevalent transactional, commission-based system in the city-state, will service independent financial advisers, private banks and other institutions catering to customers having minimum investable assets worth $1m (€674,939).

Tags: iFast Financial

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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