Published by Wealthbriefingasia – 17th January 2017
A former private banking and wealth management head at Hong Kong-based Wing Lung Bank has taken up a new role as general manager, private banking, at Industrial Bank Co.
Published by Wealth Briefing Asia – 12th January 2017
Standard Chartered has made a number of senior appointments in Asia to bolster its private banking and wealth management teams in Greater China and North Asia, as well as enabling it to develop services for ultra-high net worth clients, the bank said today.
The bank appointed Harry Lai, who joins from Barclays, as market head, Greater China and North Asia, on 3 January. This followed the hires of Michael Yong-Haron, formerly at Royal Bank of Canada, and Alex Tse, formerly at Credit Suisse, as market heads for GCNA in August 2016.
Published by WealthBriefing Asia – 9th January 2017
This publication exclusively reports on a senior move in Singapore’s private banking sector. A director at Credit Suisse in Singapore, who has worked with the Zurich-listed lender for just over a decade, is joining United Overseas Bank as Market Head for North Asia, this publication can exclusively report.
Bank J. Safra Sarasin has appointed a new Managing Director, Client Advisory, to its Hong Kong team. Last year the bank made several senior hires to its Singaporean unit including a new CEO and a new role of Head External Asset Managers & Intermediaries, Asia.
He was the leader of one of the largest mass defections in private banking history, with more than 100 staff following him from RBS Coutts Bank Ltd. in the thick of the global credit crisis to create a financial phenomenon in Singapore at a little-known Swiss bank.
Hanspeter Brunner, together with former deputy Raj Sriram and chief operating officer Gary Tucker, were the kernel of a plan by BSI SA, founded in 1873 in Lugano, to build up a $10 billion wealth-management business serving the burgeoning ranks of Asia’s millionaires.
Singapore has asked financial institutions to establish the tax residency status of all their account holders and report some of the financial data to authorities, as new rules on financial data sharing kick in to fight tax evasion.
Published by The Business Times – 4th January 2017
Credit Suisse is making changes to its management team in Singapore.
In an announcement on Wednesday, the Swiss bank said that Benjamin Cavalli, head of Southeast Asia and head of Singapore for private banking, has been appointed as its Singapore CEO.
Indosuez Wealth Management has calibrated its Asian leadership with the appointment of a Chief Executive Officer for Asia and a Commercial Head of Indosuez Wealth Management, Asia.
Pierre Masclet has been appointed as Chief Executive Officer for wealth management activities in Asia as of 1st January 2017 and as Branch Manager of Indosuez Wealth Management (IWM) in Singapore, subject to regulatory approval.
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