Wealth Management
AlTi completes acquisition of SG-based AL Wealth Partners
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.
Syfe allies with US-based investment management firm for unique offering
Monthly payouts range between 4.0% to 6% per annum.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
BNP Paribas launching wealth management business in Thailand: report
It will use the bank’s platform in Singapore.
Nomura appoints North Asia Head of Wealth Management
This is in line with the company’s goal to build its International Wealth Management business.
HSBC GPB appoints Henry Lam as APAC head of wealth planning and advisory
Lam joins from Credit Suisse.
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.
Deutsche Bank names Serene Wee as managing director for SEA wealth business
Wee joins from Credit Suisse, where she spent 19 years working with UHNW clients.
Asia's wealth managers faced with potential $25m revenue boost
Rising income will push the affluent and mass affluent segments’ wealth pool to $4.7t.
Deutsche Bank names Johanes Oeni as SEA head of international private bank
Prior to his new role, Oeni led the WM business of Credit Suisse in Indonesia and Malaysia.
Commentary
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks