Swiss private bank Julius Baer said it will propose a former longtime Goldman Sachs partner to join its board. The banker’s familiarity with Asia will be a valuable asset to the bank.
In May this year despite its enormous resources Norway’s sovereign wealth fund complained of not being able to source attractive property investments in Asia.
SINGAPORE – Local insurer NTUC Income announced on Thursday (Dec 7) a proposed strategic partnership to appoint Temasek-owned Fullerton Fund Management Company as the investment manager of its portfolio assets estimated at some $23 billion.
SINGAPORE – German lender Deutsche Bank announced on Wednesday (Dec 6) a series of new hires to its wealth management unit in Singapore to support its growth strategy in Asia, including six relationship managers from rival firms to cover clients in South-east Asia.
Indosuez Wealth Management, the private banking arm of France’s second-largest bank Credit Agricole, said yesterday it has completed its acquisition of Credit Industriel et Commercial’s (CIC) private banking business in Singapore and Hong Kong, having received approvals from the Singapore High Court and the Securities and Futures Commission of Hong Kong.
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