The Australian fund house has poached from Deutsche Asset Management and Invesco to add to its private bank and intermediary sales teams for North Asia.
Albert Liu, who is managing director and country team head (China) at UBS in Singapore, has stepped down from the firm, this publication can exclusively report, according to industry sources.
Spy was as surprised as the rest of the market that NAB sold its Asian wealth management business to OCBC this week. NAB had flown so far under the wealth radar that most people were surprised it had a wealth management business in Asia. The sale was the first publicity it seems to have had in years. In a discussion about this development with a prominent fund sales person this week (over a very modest glass of Chianti) one message rang
Following on from recent hiring in both Singapore and Hong Kong, Indosuez Wealth Management has made a further senior appointment to its Asian business unit.
Credit Suisse is losing a prominent private banker in Asia, prompting the Swiss bank to streamline a product unit. The move comes as the bank deepens spending cuts in the region.
The US fund giant’s Asia-Pacific chief operating officer has left after seven years in the role and 17 with the firm. He spoke to AsianInvestor about his next move.
Citi Private Bank has promoted internally naming a new Head of Investments for Asia Pacific. The move will also see a change in the Singapore investments and advisory team structure.
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