Press

18 July 2017

AuM, Net Income Rises At BlackRock In Q2

Published by Wealth Briefing Asia – 18th July 2017

One of the biggest beasts in global financial services reported that AuM grew further and net income increased in the second quarter of this year.

17 July 2017

EFG, BTG Pactual settle on final BSI price at $1 billion

Published by Reuters – 17th July 2017

ZURICH (Reuters) – Switzerland’s EFG International (EFGN.S) and Brazil’s BTG Pactual (BPAC3.SA) have struck a deal on the final price for BSI Bank at just under 1 billion Swiss francs ($1.04 billion), after billions in outflows at BSI had pushed down the value of the transaction.

17 July 2017

Chinese Bank Makes Big Bet on Private Banking

Published by Finews.asia – 17th July 2017

Bank of Communications plans to invest up to a billion dollars to set up a wholly-owned subsidiary in Hong Kong. The new entity will focus exclusively on retail and private banking business.

17 July 2017

Net Income, AuM Rises At JP Morgan’s Wealth, Asset Arm

Published by Wealth Briefing Asia – 17th July 2017

The US bank reported a broadly strong set of results, including for its wealth management segment.

14 July 2017

Asset owners increasingly embracing smart beta type products and strategies

Published by Asia Asset Management – 14th July 2017

Axioma, a provider of enterprise market risk and portfolio analytics solutions, sees a strong overall demand for passive investments in Asia, in line with the recent global growth in the space.

In an exclusive interview with Asia Asset Management, New York-based Christopher Woida, managing director (MD) of index solutions at Axioma, talks about some of the passive products and strategies that institutional investors in Asia are embracing.

14 July 2017

Credit Agricole’s Indosuez arm to buy some CIC Asian private banking units

Published by Reuters – 14th July 2017

Credit Agricole’s Indosuez Wealth Management arm has signed a deal to buy the Singapore and Hong Kong private banking businesses of French rival Credit Industriel & Commercial (CIC), CIC said on Thursday.

14 July 2017

Five New Faces At Standard Chartered Singapore

Published by Finews.asia – 14th July 2017

The firm has made a number of hires over the last two months to expand its South Asia operation. Standard Chartered Private Bank has expanded its global South Asia private banking operation with a number of hires over the past few months, all based in Singapore.

Bharath Shetty was hired as managing director and team head in June, Gagan Mehorotra was appointed as executive director in May, Apurva Kothari and Deepak KV were both appointed managing directors in June, and lastly, Komal Syal was hired as a managing director in early July, the firm said in a statement.

13 July 2017

CIMB Private Banking hires 12 from ANZ

Published by Asian Private Banker – 13th July 2017

CIMB has hired 12 people from ANZ to “handle the growth” of its private banking operations in Singapore, according to a media report.

13 July 2017

Credit Suisse launches new digital solution in HK, Singapore

Published by Hubbis – 13th July 2017

Credit Suisse has launched Credit Suisse Invest, a new human-led, digitally-enabled advisory solution which combines the bank’s digital private banking technology platform, a retrocession free offering and a contextualized advisory process.

13 July 2017

ANZ Bank nears deal to sell AMMB stake for US$900m

Published by The Star Online – 13th July 2017

KUALA LUMPUR/ABU DHABI: Australia and New Zealand Banking Group is near a deal to sell its Malaysian banking stake to a pension fund and exit the Southeast Asian nation, sources familiar with the matter said, in a transaction that could be worth around $900 million.