She will report to Philippe Benoit, head of Asia Pacific, and Pierre Veyres, CEO for Singapore.

Their combined assets under management (AUM) hit $91.5b in 2017.

However, robust deal-making activity may buoy the sector from its slump.

European private banks are heavily investing in Asian footholds.

The move is part of the bank’s restructuring business.

The MOU aims to highlight BOS banking services to SMBC Trust Bank’s high net worth clientele.

It combines a fixed maturity product through a call option strategy.

It targets growing its stake to a majority interest.

The bank’s clients can gain access to available venture capital opportunities on OurCrowd.

The bank’s MLC subsidiary will be sold by the end of 2019.

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

He began his career as a police officer.

The cut aims to encourage banks to move from WMPs to deposit funding.

Property owners and developers are the initial target clientele.

The assets of top Chinese onshore private banks grew 25.5% whilst Asia rose by a mere 7.4% in 2013-2017.

This is now an inflection point for foreign asset managers as China vows to allow foreign players to take controlling stakes and operate...

SCB’s high net worth clients can tap on on the Swiss private bank’s expertise and advising services.

This represents a three-fold increase.

The disposal of problem assets improves banks' asset quality.