Wealth Management

Majority of investments flowed to fixed income funds and hedge funds.

It will standardize the front, middle, and back office of UnionBank’s wealth mgmt functions.

And Credit Suisse names new head of private banking in Switzerland.

Kelly Greig will offer tailored advice and services to affluent clients in Asia.

Both banks posted dismal wealth results in Q1.

Technology-based investment solutions can crunch numbers faster than any human, are less prone to emotion-driven decisions and they never sleep. And in many cases, they don’t charge as much as their human competition.

Yap has served as interim head since November last year.

The bank’s new centre has been refurbished with lounges for affluent banking clients.

The bank has also hired a senior wealth planner, to be based in Singapore.

Wealth managers are called to ramp up digital services for retired investors.

The new platform will be launched in Hong Kong and Singapore before its Taiwan roll-out.

Mahesh is rejoining Deutsche after leaving in 2017.

Attributed to Gery Dachlan, Managing Director, South Asia and Australia, Avaloq.

Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.

Dominique Jooris was CEO of Bank Pictet & Sie in Singapore prior to his new role.

About $8b were added in Q2.