Wealth Management
StanChart names Mike Tan as new global head of wealth planning and family advisory
StanChart names Mike Tan as new global head of wealth planning and family advisory
He will start in his new role on 25 September.
Liyen Wee takes spot as VP, head of wealth at Cohen & Steers
She will be headquartered in Singapore under David Conway’s management.
The majority of Singaporean and Hong Kong youth believe that financial advice-seeking is beneficial
The study reveals that family comes in third most reliable source of financial advice.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
Check out how APAC family offices moved their investments in Q2
There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.
Hang Seng Bank opens two new cross-boundary wealth management centres
One is in Shenzhen and the other is in Tsim Sha Tsui.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
StashAway, family office firm to offer clients with more investment options
ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
HSBC launches global private banking business in India
It will service clients with investable assets of over $2m.
Family offices spur growth of financial wealth in Singapore
There are now 800 family offices in the city, compared to only 100 five years ago.
End of cheap money era: Maybank’s Alvin Lee on investing in an era of wealth preservation, protectionism
Globalization is no longer the best strategy for banks if they wish to thrive in the new era of investing.
HSBC winding down wealth, personal banking business in New Zealand
The bank can no longer justify investing into this business, it said in a statement.
Citi Commercial Bank names head of corporate finance for ASEAN
Citi has also named a new country head for Citi Commercial Bank Malaysia.
HSBC unveils new measures to support Hong Kong, mainland startups
A specified lending fund was increased to $3b.
BPI Wealth tasked by PH state insurance to manage $45m investment fund
The investment fund amount is P2.5b.
HSBC names new South Asia head of wealth and personal banking
Kai Zhan g will be responsible for expanding wealth management across South Asia.
Commentary
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks