Best Private Bank Hong Kong UHNW
Morgan Stanley Private Wealth Management Asia
Best Private Bank – Hong Kong UHNW
Ernest Chan
head of distribution
“Hong Kong is Morgan Stanley’s regional headquarters. We have a significant footprint in the city and considerable resources to deliver to our institutional and wealth clients.
“Our UHNW business leverages Hong Kong’s strategic and geographical advantages alongside the firm’s strengths to provide integrated coverage and a one-firm solution to our Hong Kong-based and covered UHNW clients. Also importantly, clients benefit from our US strength and resources as well as our deep knowledge of China derived from our leading China banking, capital markets and securities businesses.
“Our clients also have access to the firm’s market-leading global research resources and our flagship institutional and wealth conferences, including our Asia Wealth Summit in Hong Kong and Asia Pacific Summit in Singapore.”
What was behind the judges’ decision?
- Leveraging the strengths of the Morgan Stanley platform, the Strategic Advisory Solution (SAS) provides Morgan Stanley Private Wealth Management Asia clients with comprehensive access to the bank’s world-class institutional services, including research, mergers and acquisitions (M&A), equity capital markets (ECM), and debt capital markets (DCM). This integrated platform has been instrumental in driving the success of capturing new clients and assets for Morgan Stanley Private Wealth Management in Hong Kong.
- While many banks underwent organisational restructuring and faced departures of key personnel in 2024, Morgan Stanley successfully attracted seasoned bankers from competitors, resulting in significant revenue growth and an increase in net new assets. The bank has demonstrated a strong commitment to expanding its talent and platform, solidifying its position as a leader in private banking in the region.
- Besides capturing opportunities from the “US pivot” theme, Morgan Stanley Private Wealth Management Asia in 2024 has increased its fee-based business through expanding Discretionary Portfolio Management (DPM) and Advisory Portfolio Management (APM) services, enlarging alternative products investment, as well as expand wealth planning services.
What we said…
“Morgan Stanley Private Wealth Management Asia received the accolade for Best Private Bank – Hong Kong UHNW (ultra high net worth) for the second time in a row, showcasing its strength and success in offering the best in class institutional quality wealth management solutions and services to Hong Kong’s ultra wealthy clients and families,” said Carly Lau, senior reporter, Asian Private Banker.
“In 2024, the US bank celebrated another successful year, buoyed by its strong footprint in Greater China and, more significantly, by a robust boom in the US market, particularly in sectors such as artificial intelligence and healthcare. Morgan Stanley Private Wealth Management effectively attracted new clients’ assets while retaining existing ones, capitalising on the sector’s success through its integrated platform.
“Morgan Stanley Private Wealth Management Asia’s consistent focus on risk management also levels up its platform to be one of the safest private banks in the region. By prudently using its balance sheet, the bank has enhanced its investment platform, expanding access to broader private market solutions, hedge funds, and mutual funds. Additionally, it continues to upgrade its capital market platform, providing clients with a broader range of unique investment opportunities while capturing the best market pricing. For all these reasons, Asian Private Banker is delighted to name Morgan Stanley Private Wealth Management the Best Private Bank for Hong Kong UHNW.”
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