Private Banking – Page 38 – Huddleston Jones

9 December 2016

Dominic Lane exits HSBC PB Singapore

Published by Asia Investor – 9th December 2016

HSBC Private Bank’s Singapore head of international markets, Dominic Lane, has left the firm. He had taken up his latest position this year.

6 December 2016

LGT Agrees To Buy Asian Private Banking Assets Of ABN AMRO

Published by WealthBriefing – 6th December 2016

The trend of Western lenders selling Asian private banking operations continued with the ABN AMRO transaction today.

Liechtenstein-headquartered LGT has agreed to buy the private banking businesses of ABN AMRO in Hong Kong, Singapore and Dubai, which together hold around $20 billion of client assets under management. The transaction is yet another example of how some non-Asian lenders have sold off private banking operations amid a bout of M&A activity in recent years.

5 December 2016

Private Banks In Asia In Drive To Grow Annuity Income; Talent Pool For Funds Is Tight – White Paper

Published by WealthBriefingAsia – 5th December 2016

Private banks in Asia want to grow annuity income at a time when reliance on transactional revenues is harder to justify as cost/income ratios are high. But access to funds requires a battle for talent and new ideas on where to find the right people, so this report says.

2 December 2016

Deutsche Wealth Adds to Greater China Team From UBS

Published by Finews Asia – 2nd December 2016

One day on from announcing Kanas Chan as the new head of North Asia wealth management, Deutsche Bank has made an addition to its Greater China wealth unit.

1 December 2016

Deutsche Bank WM names new head of North Asia

Published by Asian Private Banker – 1st December 2016

Deutsche Bank Wealth Management has named a new head of North Asia, following the promotion of Lok Yim to head of Asia Pacific for the private bank.

Kanas Chan, previously head of capital markets APAC for Deutsche Bank Wealth Management, will take on the role of North Asia head, effective 5 December 2016.

25 November 2016

Nomura Wealth Management’s Asia deputy head steps down

Published by AsianPrivateBanker.com – 25th November 2016

Nomura’s Singapore-based deputy head of wealth management for Asia ex-Japan has left the bank, Asian Private Banker can reveal. The private bank has also reshuffled a number of senior management roles.

Amanda Chen has exited Nomura after almost two years as Asia deputy head for Japanese lender’s wealth management division.

Chen reported to Nobuhiro Sano, head of wealth management, Asia ex-Japan, who remains with the bank.

Asian Private Banker understands that Johnny Heng, who was Nomura’s chief investment officer (CIO), wealth management, Asia ex-japan, has taken on the role of head of relationship management for the wealth management unit, effective immediately.

The vacated CIO role has been spilt, with Vincent Ng becoming CIO for Hong Kong and Tong Yeu Sng becoming CIO in Singapore.

A spokesperson for the bank declined to comment on Chen’s departure and the internal changes.

Chen joined Nomura Wealth Management in January 2015 from Morgan Stanley where she held a number of role, including head of strategic transaction group and head of private wealth management. Chen also worked with Lehman Brothers in equity derivative structured sales.

24 November 2016

Senior Move at UBS Hong Kong

Published by Finews.asia – 24th November 2016

Swiss banking giant UBS announced an internal move in Hong Kong that sees the former head of the portfolio specialist unit take up a client facing team leadership role.

Via an internal memo seen by finews.asia, the bank announced that Michael Christo will be joining the Hong Kong Domestic Kowloon Team as a Desk Head effective from 1st January 2017.

22 November 2016

Credit Suisse Faces Tax Probe Over Undeclared Accounts

Published by Bloomberg – 22nd November 2016

When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the U.S. root out suspicious accounts. Now, U.S. investigators want to know why the Swiss bank neglected to tell them about $200 million in undeclared assets owned by an American client, according to people familiar with the matter.

The client, Dan Horsky, a citizen of the U.S., U.K. and Israel, pleaded guilty Nov. 4 to conspiring to defraud the Internal Revenue Service. He has been cooperating for more than a year with investigators examining whether the bank helped clients with ties to Israel evade U.S. taxes, said five people who weren’t authorized to discuss the case publicly.

15 November 2016

Credit Suisse hires banker in China onshore private banking push: memo

Published by Reuters – 15th November 2016

Credit Suisse has hired former RBS banker Rick Meng as head of China onshore private banking, according to an internal memo, as the Swiss private bank looks to tap the wealth management business in the world’s second-largest economy.

Credit Suisse will compete with Goldman Sachs and UBS on advising wealthy Chinese clients.

13 November 2016

VP Bank Fosters Business Development in Asia

Published by Finews.asia – 13th November 2016

As an internationally positioned private bank and specialist in asset management services in Switzerland and in Asia’s major hubs, the business model is key to VP Bank’s success.

With 60 years of experience, the business model of VP Bank is based on two strategic pillars: private banking and intermediaries. VP Bank is positioned as a boutique bank for both target groups – with top-notch solutions and services.

Dominic Lane exits HSBC PB Singapore

Dominic Lane exits HSBC PB Singapore

LGT Agrees To Buy Asian Private Banking Assets Of ABN AMRO

Private Banks In Asia In Drive To Grow Annuity Income; Talent Pool For Funds Is Tight – White Paper

Deutsche Wealth Adds to Greater China Team From UBS

Deutsche Bank WM names new head of North Asia

Nomura Wealth Management’s Asia deputy head steps down

Senior Move at UBS Hong Kong

Credit Suisse Faces Tax Probe Over Undeclared Accounts

Credit Suisse hires banker in China onshore private banking push: memo

VP Bank Fosters Business Development in Asia

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