Deutsche Bank is putting renewed emphasis on wealthy clients by hiring dozens of new private bankers and pouring 65 million euros into a digital push. One region is poised to benefit the most.
This publication can confirm that a senior figure at JP Morgan’s private bank in Hong Kong has left the US-headquartered bank after less than a year in the role.
On the back of increased demand for its institutional asset servicing and asset management solutions, Northern Trust appointed a new leader for its recently established Sydney office.
Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years.
Bank of Singapore, which recently broke into the ranks of Asia’s top 10 private banks, intends to keep hiring more relationship managers and focus on serving a wealthier bracket of customers to keep expanding its assets under management.
US-based Morgan Stanley Private Wealth has made several management changes in Singapore as well as in Hong Kong.
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