UBS has appointed Bryce Wan, formerly from Goldman Sachs, taking up the role of country team head for ultra-high net worth clients in China. Wan is based in Hong Kong.
Credit Suisse boosts its franchise in Southeast Asia with the arrival of a an industry veteran and long-time Julius Baer banker. He will also be engaged in strengthening Credit Suisse’s human capital, developing and mentoring new talent.
Morgan Stanley Private Wealth Management has recruited four Greater China relationship managers, bringing the firm closer to its target of 15-20 new frontline staff in Asia by the end of the year.
Swiss private bank EFG International opened a Pandora’s box with the acquisition of troubled BSI. After two years digesting the troubled Swiss private bank, EFG is returning to the acquisition trail.
Citi Private Bank, a subsidiary of Citigroup that serves worldly and wealthy individuals and families, has appointed Timothy Morse as Global Market Manager for Thailand, Malaysia and Brunei with immediate effect.
Credit Suisse Group AG said on Thursday it has received regulatory approval to launch its wealth management business in the Philippines, allowing the Swiss bank to tap the growing onshore wealth in the Southeast Asian country.
State-owned lender PT Bank Mandiri and Europe’s largest and oldest asset management company, Lombard Odier, announced a strategic partnership on Monday to attract more offshore funds.
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