Press

14 February 2017

Credit Suisse flags 6,500 job cuts in 2017 after $2.4 billion loss

Published by Reuters – 14th February 2017

Credit Suisse will cut up to 6,500 more jobs in 2017, as Chief Executive Tidjane Thiam pushes ahead with a major restructuring which he said on Tuesday might now no longer include floating the bank’s Swiss business.

9 February 2017

HSBC Said to Seek Wealth Management Asset Acquisitions This Year

Published by Bloomberg – 9th February 2017

HSBC Holdings Plc is planning to pursue deals to expand in asset and wealth management as the lender seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.

8 February 2017

Top-Level Asia Executive At Swiss Bank Heads West

Published by WealthbriefingAsia – 8th February 2017

Reto Marx, who is regional head for financial intermediaries in Asia-Pacific at UBS Wealth Management and based in Singapore, is heading to Switzerland this year, this publication can exclusively report.

7 February 2017

UBP Bolster’s Indonesian Business

Published by Finews.asia – 7th February 2017

Union Bancaire Privee has added to its Indonesian client capabilities with the hire of a wealth manager into its Singapore unit.

6 February 2017

Bank of Singapore clients can now book assets in Switzerland

Published by The Business Times – 6th February 2017

Bank of Singapore announced on Monday that it has entered into a first-of-its-kind strategic cooperation agreement with Swiss banking group, Bank Vontobel AG.

This arrangement will allow its Asian ultra-high and high net worth clients to open an account with Vontobel to place their assets in the Swiss wealth manager’s Zurich booking centre. Clients will have the option of choosing Vontobel or Bank of Singapore to manage their assets booked in Zurich.

2 February 2017

Indosuez Wealth Management Makes Senior Hong Kong Hire

Published by Finews.asia – 2nd February 2017

On the back of a recent management reshuffle in Asia, Indosuez Wealth Management has made a senior addition to its markets and investment solutions unit.

30 January 2017

Barclays Says Sayonara as Private Bankers Exit Japan

Published by Finews Asia – 30th January 2017

As the two companies bring the curtain down on a cooperation agreement, Japan’s Sumitomo Mitsui Financial Group is said to be hiring in the region of 20 private bankers from Barclays in Japan.

Barclays has been scaling back its operations in Japan as well as in other financial hubs in Asia as part of a strategy of cutting costs to boost profitability. The alliance in Japan which dates back to 2010, will now see the U.K. bank dilute its wealth-management business in the country.

27 January 2017

Standard Chartered Hires Three From HSBC

Published by Finews Asia – 27th January 2017

Standard Chartered further strengthened its Private Banking and Wealth Management teams across Greater China and North Asia, with the announcement of several new appointments.

Teddy Kwong, joins Standard Chartered (SCB) as Managing Director, Private Banking, SCB. Kwong was previously Market Head of Hong Kong with HSBC Global Private Banking.

25 January 2017

Boutique Bank Names CEO

Published by Finews.asia – 25th January 2017

The Liechtenstein headquartered private bank, VP Bank has appointed a new Chief Executive Officer for its Singapore operations. The new man makes a short trip around the corner from a rival European bank in Singapore.

24 January 2017

Manulife Asset Management Appoints Chief Executive Officer of Manulife Asset Management Thailand

Published by Fund Selector Asia – 24th January 2017

Former Fidelity Korea country head Michael Reed has been appointed Bangkok-based CEO for Manulife Asset Management Thailand.

Reed, who assumed his role on 17 January, is responsible for the development and implementation of the firm’s growth strategy, according to a statement from the firm.