Wealth Management
Deutsche Bank cuts 10 private banking roles in Asia: report
Deutsche Bank cuts 10 private banking roles in Asia: report
The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
Maybank Singapore unveils online investment service for as low as S$200
From now until 30 June, the sales charge for the first $2,000 will be waived.
StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform
It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.
VP Bank names Will Wang as wealth head in Hong Kong
Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.
BPI Private Wealth aims to double assets and capture 25% local HNW market
CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
How have banks’ wealth management pivots played out?
There’s up to $25b in fees to be made in Asia, but it’s a tough market, an analyst said.
Citi names Marc Luet as Asia North & Australia Cluster and Banking Head
Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.
Investor demand for China’s wealth management product still muted
Balance may grow in 2024, according to Fitch Ratings.
Bank of Singapore names Credit Suisse banker as Greater China COO
Ronnie Cheung was appointed as Credit Suisse’s Hong Kong COO in 2021
Indosuez Wealth Management names two new directors to North Asia team
Indosuez Wealth Management has appointed two new directors to its North Asia Team.
PH’s Security Bank digitising its wealth management platform
The bank has partnered with Avaloq to automate and standardize the WM workflows.
Citi completes proof of concept on tokenization of private funds
It found new functionalities that could lower barrier-to-entry, Citi said.
Embedded finance, partnerships to shape future of SEA fintechs
Digital payments, WealthTechs, and cryptocurrency are also slated for growth.
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions.
Endowus unveils new diversified investment portfolios for Hong Kong investors
The CashUp Portfolios are single investment products that provide exposure to multiple funds.
Citi SG, Mastercard offer enhance debit card privileges to high net worth clients
Citibank has also pledged to restore 1,000 trees monthly over a two-year period.