Published by Hubbis – 1st March 2017
Credit Suisse has created a wealth planning services team within its private banking business in Asia Pacific, headed by Bernard Fung.
This new unit will leverage the existing capabilities of the firm’s family office services and philanthropy advisory (including responsible and impact investing), currently led by Fung, with those of the trust and estate advisory team in Singapore.
Fung will continue to lead the philanthropy advisory and SymAsia Foundation teams.
Among the specialist expert teams, Pauline Khoo, head of trust and estate advisory in Singapore, will have a local reporting line to Fung and continue to report functionally to Stefan Aegerter, global head of trust and estate advisory.
Thomas Ang will assume the role of head of family office services in Asia Pacific.
Joost Bilkes will become head of responsible and impact investing Asia Pacific. He will focus on developing solutions in this area, which is of growing interest for UHNW clients, in addition to his operational responsibility as impact adviser to the Asia Impact Investment Fund.
In addition, a new Private Label Fund (PLF) team is being set up under the wealth planning services team, led by Christos Anagnostopoulos – who is currently a key member of the PLF team in Switzerland.
The bank said that its formally integrated wealth planning services unit is expected to help service its UNHW clients and their families in a more client-centric and structured manner, offer holistic succession planning for both their liquid and non-liquid assets, as well as customise appropriate solutions and structures for the family’s business and private assets.
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