Arran Huddleston – Page 85 – Huddleston Jones

9 December 2016

Hong Kong’s PWMA Appoints Managing Director

Published by Wealth Briefing Asia – 9th December 2016

The Private Wealth Management Association, which represents Hong Kong-based firms, has appointed Peter Stein as its managing director. He takes over from Joanne Leung, who will retire at the end of this year.

Stein has more than 20 years of experience. He joins from UBS, where he was head of regulatory advisory and relations. Prior to this, he was a senior editor in Hong Kong with the Wall Street Journal, working in both Mandarin and Cantonese.

9 December 2016

Wing Lung Bank private bank head exits

Published by Asia Investor – 9th December 2016

Wing Lung Bank’s head of private banking and wealth management, Joseph Tam, left the firm on December 2. The firm declined to comment on his departure.

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.

9 December 2016

Hong Kong Regulator Concerned over Reported DBS Arrests

Published by Finews Asia – 9th December 2016

The Hong Kong Monetary Authority voiced concern after a media report that more than 20 current and former employees of DBS Group were arrested in connection with an alleged leak of customer data.

Tabloid “Apple Daily“ reported that the city’s Independent Commission Against Corruption, ICAC, made the arrests after client data was allegedly leaked to a telemarketing center in mainland China.

8 December 2016

NSSF appoints 21 external fund managers

Published by Asia Asset Management – 8th December 2016

China’s National Council for Social Security Fund (NSSF) has appointed 21 domestic asset managers to undertake its new pension mandates. The bureau is looking to establish a new pension fund scheme dedicated to provincial or local pension accounts.

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

Fintech: China Outpaces London, New York and the Silicon Valley

Published by Finews Asia – 5th December 2016

While the U.K. and the U.S. have jostled to be recognized as leading global fintech centers, China has leapfrogged ahead to become the undisputed global fintech hub.

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