Asia remains attractive for private banks: LGT’s Prince Max

Published by The Business Times – 19th December 2016

Acquisition of ABN Amro unit seen giving big boost to Liechtenstein bank’s AUM

Asia remains very attractive for private banks even as growth has slowed, said Prince Maximilian von und zu Liechtenstein, chief executive of LGT Group.

Published by Finews Asia – 17th December 2016

The former Banca della Svizzera Italiana senior banker Yvonne Seah Yew Foong, was yesterday sentenced to two weeks behind bars and handed a $10,000 fine.

In receiving her prison term Seah followed in the footsteps of her Banca della Svizzera Italiana (BSI) colleague and line boss Yak Yew Chee who is currently serving an 18-week jail term after pleading guilty in November to similar offences.

Published by Wealth Briefing Asia – 16th Dec 2016

Citigroup has appointed one of its most senior managers, Kevin Lam, as Asia-Pacific business development head between the US lender’s private bank and its corporate and investment bank, in addition to his existing role as COO of Hong Kong corporate and investment banking.

In this new role, Lam will further strengthen partnership between the private bank and corporate, investment banking arms across the region. He will report to Mark Slaughter, head of corporate and investment banking Asia-Pacific and Bassam Salem, the private bank’s CEO for Asia-Pacific.

Published by Finews Asia – 15th December 2016

UBS has changed the organisational set-up of its wealth management activities in South East Asia. The management and reporting line changes will take effect from January.

In an internal memo seen by finews.asia, the Swiss private banking giant is restructuring in a bid to become more efficient.  

Published by Finews Asia – 13th December 2016

Asia-based financial services group Nomura has launched a new wholesale fund for high net worth clients in Malaysia who meet minimum net worth or income thresholds.

The Nomura Global High Conviction Fund, a locally domiciled wholesale fund that feeds into Nomura Funds Ireland – Global High Conviction Fund, is available in Malaysia from today to sophisticated investors.