Wealth Management
BofA launches gen AI solution AskGPS using 3,200 internal documents
BofA launches gen AI solution AskGPS using 3,200 internal documents
It is expected to help employees answer client queries faster.
DBS expands FX and commodities products as clients seek higher returns
DBS' 300,000 wealth clients are increasingly embracing FX and precious metals, said Rohit Meena.
APAC banks lag in hyper-personalisation despite predictive analytics use
Just 11% of execs described their hyper-personalisation strategies as “highly advanced”
SCB consolidates retail units under new consumer banking group
It is overhauling its branches as well as upskilling branch staff and relationship managers.
HSBC Private Bank rolls out gen AI platform for wealth management staff
It summarises the bank’s research reports and external news feed.
Which bank brands are most favored by Singapore’s wealthiest?
Top brands are those with wealth management expertise and international reach.
Investors embrace transition investing despite risks, gaps in benchmarks
87% of high-net-worth investors in Asia are drawn to transition investing.
Union Bank of the Philippines hires senior officers for compliance
A new relationship manager has also been appointed.
Security Bank accelerates digital transformation with fresh apps
MSMEs are a key focus of the Philippine lender’s modernization efforts.
Commonwealth Private unveil self-directed investment option for wholesale investors
Private Wealth Advantage is a self-directed investment option for wholesale investors.
Security Bank establishes wealth segment, announces new CFO
New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.
Automation stalls hiring at Singapore’s top banks
Lenders are also upskilling to keep up with tech.
DBS launches bespoke private assets solution for UHNWs and family offices
The bank has teamed up with Hamilton Lane to launch PATH.
HSBC Global Private Banking scales up SEA and Australia teams
It has appointed Joanne Ng as new desk head for its Singapore team.
StanChart rolls out digital assets trading service
It includes spot trading for Bitcoin and Ether through its UK branch.
DBS nabs Deutsche Bank banker as head of private banking for MEA
Loic Voide was most recently CEO of Deutsche Bank (Switzerland).
Singapore is Asia’s top offshore destination of wealthy investors
Saving up for vacation and leisure overtook financial security as the top financial goal.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation