Wealth Management
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
Citi Global Wealth APAC clients invest $5b in bonds in May-July
Majority of investments flowed to fixed income funds and hedge funds.
UnionBank transforms wealth digital platform with Avaloq
It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
St. James Place’s Eight Wealth Int’l names head of tax and estate planning
Kelly Greig will offer tailored advice and services to affluent clients in Asia.
UBS, Credit Suisse’s wealth ambitions in Asia besieged by deleveraging
Both banks posted dismal wealth results in Q1.
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HSBC names Jeffrey Yap as head of investments and wealth solutions for SEA
Yap has served as interim head since November last year.
CIMB Singapore rebrands Change Alley Mall to CIMB Plaza
The bank’s new centre has been refurbished with lounges for affluent banking clients.
Bank of Singapore appoints wealth planning head for Greater China
The bank has also hired a senior wealth planner, to be based in Singapore.
1 in 4 retired investors interested in digital wealth management services: study
Wealth managers are called to ramp up digital services for retired investors.
Taipei Fubon Bank to build new wealth management platform
The new platform will be launched in Hong Kong and Singapore before its Taiwan roll-out.
Deutsche appoints ex-UBS exec as wealth vice chairman in APAC
Mahesh is rejoining Deutsche after leaving in 2017.
Why a hybrid approach could help wealth managers to reduce client churn
Attributed to Gery Dachlan, Managing Director, South Asia and Australia, Avaloq.
Deutsche Bank Wealth Management appoints new SEA investment team head
Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.
Deutsche Bank names APAC head of wealth solutions
Dominique Jooris was CEO of Bank Pictet & Sie in Singapore prior to his new role.
Citi Global Wealth APAC sees $15b net new money inflow in H1
About $8b were added in Q2.
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