Deutsche Bank Wealth Management has announced a range of new hires to support growth in the Asia region, including four members of a new group in Hong Kong who will cover clients in Greater China.
The acquisition of ABN Amro’s private banking units in Singapore and Hong Kong by Liechtenstein’s LGT seems to have gone through without much pain. For some senior ABN Amro bankers though it has meant no gain.
The fund house has poached Bin Han from Credit Suisse amid a raft of recent hires to its institutional and wholesale teams across Hong Kong and Singapore.
Lombard Odier, the Switzerland-headquartered private bank and investments house, has announced that its Asia head, Vincent Duhamel, is stepping down as chief executive in the region, taking up the post of Asia chairman. He had been the bank’s Asia head for six years.
Swiss private banking luminary Erich Pfister, who was named head of Falcon Group’s private banking arm last year, has left the scandal-hit firm, this publication can confirm.
Assets under management at Julius Baer reached at record in the first four months of the year, a result partly of its hiring of new relationship managers, particularly in Asia.
Scandal-hit Falcon Private Bank, the Abu Dhabi-owned firm that was kicked out of Singapore last year amid a scandal over illicit money transactions, has announced that two of its directors are leaving.
Liechtenstein-headquartered LGT, which recently bought the Asia private banking business of ABN AMRO, has made senior management changes to its private banking team in the region, this news service can exclusively report.
The Australian fund house has poached from Deutsche Asset Management and Invesco to add to its private bank and intermediary sales teams for North Asia.
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