SINGAPORE – HSBC announced on Wednesday (Sept 27) that Philip Kunz will return to the bank as its Singapore-based head of global private banking for South East Asia.
Technology will make banking more efficient, according to Dirk Klee, the head of operations at UBS Wealth Management. It will also affect the number of staff the bank will employ.
Asia will make up about a third of Julius Baer’s overall business in the next five years, its chief executive told Bloomberg Television in Singapore earlier this week.
Organic growth and the successful integration of the acquisition of ABN Amro’s private banking business have underpinned solid half year results for LGT.
Under the guidance of CEO Boris Collardi, Julius Baer has become a global player among wealth managers. The brand «Julius Baer» has acquired a most impressive prestige.
Singapore’s largest bank said it had hoovered up the private bank and retail operations in Singapore of a New Zealand-based rival which has elected to leave Asia.
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