Wealth Management

HSBC names new South Asia head of wealth and personal banking

Kai Zhan g will be responsible for expanding wealth management across South Asia.

AlTi completes acquisition of SG-based AL Wealth Partners

This is in line with AlTi’s goal to assist SG’s growing clientele.

Amanda Lee named APAC head of third party manager solutions for Citi

All of Citi’s mutual fund sales team members in the region report to her.

HSBC study: What type of wealth succession do Chinese entrepreneurs prefer?

56% of the surveyed hope to achieve risk isolation through family trusts.

Citi names Vikram Singh as CEO of Malaysia franchise

He reports directly to South Asia and ASEAN head Amol Gupte.

Nomura appoints North Asia Head of Wealth Management

This is in line with the company’s goal to build its International Wealth Management business.

Corporate banks ramp up data analytics to boost customer acquisition

They also plan to use data and analytics to assess productivity of relationship managers.

Credit Suisse clinches approval to launch wealth business in China: report

The Swiss bank is pushing to roll out its wealth business by the first half of 2023.

Citi names Stella Choe as APAC head of new Global Network Banking

GNB brings together relationship managers across Citi’s different banking businesses.

BOCHK adds UBS green investment fund to mobile platform

The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.

Deutsche Bank taps ex-BNP Paribas, Credit Suisse China leads as North Asia wealth heads

Kevin King and Stella Lau will be based in Hong Kong and Singapore, respectively.

High interest rates carry DBS to record net profit of $6.14b in 2022

Total income surpassed S$16b for the first time in the bank’s history.