Private Banking – Page 20 – Huddleston Jones

2 November 2017

RBS to pay US$44 million to settle US claims it defrauded customers

Published by Channel News Asia – 2nd Nov 2017

A unit of Royal Bank of Scotland Group Plc has agreed to pay more than US$44 million and enter a non-prosecution agreement to settle a U.S. criminal probe into traders accused of defrauding customers on bond prices.

2 November 2017

UOB nominates Wong Kan Seng to succeed Hsieh Fu Hua as chairman

Published by Channel News Asia – 2nd Nov 2017

SINGAPORE: United Overseas Bank (UOB) announced on Thursday (Nov 2) that former deputy prime minister Wong Kan Seng has been nominated to succeed incumbent independent non-executive chairman Mr Hsieh Fu Hua, 67, who will be retiring next year.

31 October 2017

HSBC’s pre-tax profit soars to $6.3b in third quarter

Published by The Straits Times – 31st Oct 2017

HONG KONG • Profits at banking giant HSBC leapt fivefold in the third quarter to US$4.6 billion (S$6.3 billion) as business booms in Asia and a restructuring drive bears fruit.
The massive jump in pre-tax profit came weeks after a new chief executive was unveiled as part of a management overhaul that has seen the London-based behemoth roar back from costly write-downs.

30 October 2017

HSBC Private Bank Boosts North Asian Business Unit

Published by Finews – 30th Oct 2017

HSBC announced expansion of its North Asia private banking coverage team in Singapore.

30 October 2017

MOVES-Barclays hires Klemme for Mideast private bank

Published by Reuters – 30th Oct 2017

LONDON, Oct 30 (IFR) – Barclays has hired former UBS banker Steve Klemme to head the Middle East region for its private bank and overseas services.

27 October 2017

Citi Names New Regional Head of Private Bank

Published by Finews – 27th Oct 2017

Following the news that Bassam Salem is retiring next year Citi moved quickly to appoint his successor.

27 October 2017

Two new hires join the Deutsche Bank Wealth Management Asia team

Published by Finews.asia – 27th Oct 2017

Deutsche Bank Wealth Management announces two new senior hires in Asia to strengthen its product platform and to support its growth strategy in the region.

26 October 2017

Wealth Units Shine for OCBC

Published by Finews.asia – 26th Oct 2017

Singapore’s second largest bank Oversea-Chinese Banking Corp., reported higher third-quarter profit. Its wealth management business made strong contributions.

24 October 2017