Press

19 April 2018

Credit Suisse gets license for wealth management business in Philippines

Published by Reuters – 19th April 2018

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.

18 April 2018

UBP Poaches Rival’s Team

Published by Finews.Asia – 18th April 2018

Swiss private bank Union Bancaire Privee continues to build its Asian business. It added a team from a wealth rival in Singapore.

17 April 2018

Bank Mandiri, Lombard Odier announces partnership

Published by The Jakarta Post – 17th April 2018

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.

17 April 2018

Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich

Published by South China Morning Post – 17th April 2018

Bank also plans to set up family offices in major Chinese cities this year to help the wealthy with inheritance planning

Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according to the bank’s local head.

17 April 2018

Morgan Stanley and Deutsche take on 50 new bankers each in shock Asian hiring sprees

Published by efinancialcareers.com – 17th April 2018

In 2016, Credit Suisse, Standard Chartered and Julius Baer dominated hiring in Asian private banking. Not so in 2017, according to a newly released league table for that year from Asian Private Banker which shows the number of Asia-based relationship managers employed by each bank.

We looked through the table and found the following highlights.

17 April 2018

UBS Shuffles in Hong Kong

Published by Finews.Asia – 17th April 2018

UBS is rejigging its equity capital markets arm in Asia, marking the return of a veteran of the Swiss bank to the region as the unit’s new head.

The Zurich-based bank named Hannah Malter head of equity capital markets syndicate in Asia, according to a memo seen by finews.asia. The 11-year UBS veteran replaces Andrea Casatiand will report to Gaetano Bassolino, the Swiss bank’s head of capital markets in Asia.

17 April 2018

Top-Level Asia Switch At US Private Bank

Published by Wealth Briefing Asia – 17th April 2018

The head of greater China at the US lender is concentrating solely on the vice-chair role, with a replacement taking over this manager’s other position.

May Hsu, head of greater China and vice chairman for the private bank of JP Morgan, has decided to focus solely on the vice chairman role, this publication has learned.

16 April 2018

ICBC Singapore unveils investment banking services

Published by Singapore Business Review – 16 April 2018

ICBC Singapore is venturing into the provision of investment banking services following accreditation as an issue manager from the Singapore Exchange Ltd, according to a press release.

16 April 2018

Citi Private Bank hires Julie Koo to lead APAC IM Sales

Published by Hubbis – 16th April 2018

Citi Private Bank has appointed Julie Koo as its Head of Citi Investment Management (CIM) Sales for Asia Pacific, it announced via a press release.

16 April 2018

HSBC sets out new structure for private bank in Europe

Published by Reuters London – 16th April 2018

HSBCsaid on Monday it would create a single regional structure for its private bank in Europe which includes its businesses in the UK, Channel Islands, France, Germany, Switzerland and Luxembourg.