Julius Baer is leaning on a unified leadership structure as the best way to cover the globally dispersed non-resident Indian (NRI) segment, Kunal Sumaya told Asian Private Banker. Geopolitical uncertainties impacted many private banks’ Middle East NRI businesses. However, Sumaya, head of global NRI at the Swiss pure play, views the situation as a short-term slowdown, rather than a protracted […]

The post One NRI playbook, multiple markets – Julius Baer’s race for India’s global wealth appeared first on Asian Private Banker.

Standard Chartered Private Bank has hired a former senior banker from Bank of Singapore as it continues to strengthen its Greater China franchise in Singapore. Tan Siang Ing has joined the emerging markets-focused lender as managing director and team head for Greater China, sources told Asian Private Banker. Standard Chartered confirmed Tan’s appointment. Tan is a seasoned private banker with […]

The post StanChart PB taps Bank of Singapore for Greater China role appeared first on Asian Private Banker.

China’s new tax rules targeting offshore trusts have prompted wealthy families, trustees and advisers to reassess cross-border wealth structures. The regulations, which took effect immediately, impose a 20% tax on gains from shares, property and other assets transferred into offshore trusts, according to a joint statement from China’s Ministry of Finance and State Taxation Administration last Friday. The move comes […]

The post “The free lunch is over”: What China’s offshore tax overhaul means for private banks appeared first on Asian Private Banker.

Indosuez Wealth Management (Indosuez WM) has expanded its Asia team with a senior relocation from Switzerland and the creation of a new Asia DPM head role. Muriel Aboud Schirmann, head of advisory and capital markets at Indosuez WM, will relocate from Geneva to Singapore on 1 August 2026, according to a statement on Thursday. Indosuez WM describes the move as […]

The post Indosuez WM names Asia DPM head, relocates advisory head to Singapore appeared first on Asian Private Banker.

Independent wealth manager WRISE Group has made an investment of HK$30 million (US$3.82 million) to establish WRISE AI Labs to accelerate AI adoption across the group. Launched on Thursday in Hong Kong, the lab will focus on automating routine client servicing and providing advanced analytics, giving advisers more capacity to focus on client relationships, Derrick Tan, group executive chairman of […]

The post WRISE Group commits HK$30mn to accelerate AI adoption appeared first on Asian Private Banker.

Julius Baer has made a senior leadership appointment in Asia as the Swiss pure-play private bank continues to expand its regional business. Based in Singapore, Nira Tanoko will join Julius Baer as market head for Southeast Asia and become a member of its Asia management committee, effective 2 November 2026. Tanoko brings more than 25 years of wealth management experience […]

The post Julius Baer hires Bank of Singapore banker as SEA market head appeared first on Asian Private Banker.

A decade ago, bankers frequently dismissed client inquiries about philanthropy as “money out the door.” Today, advisory around charitable giving has emerged as one of the most effective strategies for private banks to secure multi-generational client loyalty. According to Christoph Courth, global head of philanthropy services at Pictet Wealth Management, a combination of revised banker performance evaluations and soaring client […]

The post Philanthropy is no longer “money out the door” but what “wealthy families care about” appeared first on Asian Private Banker.

Bank of Singapore has halved its account-opening timeline to 15 business days using a new AI platform, the Singaporean bank said during a media briefing on Wednesday. Called HELIOS (Holistic wEalth Lifecycle Insights & Ongoing Surveillance), the platform’s ability to cut account-opening times – assuming no client document delays –is well ahead of the Monetary Authority of Singapore’s target for […]

The post Bank of Singapore halves client onboarding time with AI platform appeared first on Asian Private Banker.

Singapore-based independent firm Lighthouse Canton has launched a wealth management platform for non-resident Indians (NRIs) and cross-border investors. The platform, Global Indian, will bring multi-jurisdictional reporting, cross-border structuring, tax compliance, and a single advisor for wealth management across India and international jurisdictions, according to a company statement on Wednesday. Remittances to India reached a record US$135 billion in FY2024-25, while […]

The post Lighthouse Canton launches cross-border wealth platform to tap NRI family wealth appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) and Standard Chartered Wealth and Retail Banking (WRB) have both recorded over 50% increases in profit before tax, alongside growth momentum in AUM. For UBS GWM, its APAC unit saw bottom-line growth of almost 50% YoY, with invested assets reaching US$790 billion. Standard Chartered captured yet another quarter of growth after a quarter of record […]

The post UBS, StanChart capture 50%+ bottom-line growth for wealth businesses appeared first on Asian Private Banker.

Taiwan has emerged as one of Asia’s hottest wealth markets in recent years, powered by a thriving semiconductor sector in the artificial intelligence era and regulatory efforts to foster industry growth. Domestic institutions have been increasingly strengthening their wealth management capabilities through tech upgrades, talent acquisition, and expanded offshore platforms to ride on the wealth boom, as covered extensively by […]

The post Taiwan’s wealth boom: Five international private banks to watch appeared first on Asian Private Banker.

HSBC Private Bank has hired a former UBS banker for its business in Singapore, Asian Private Banker has learnt Tan Lay Hong will join the British lender as a desk head for Singapore, sources told APB. She will report to Hammad Hashmi, market head for Singapore, Malaysia and Indonesia at the bank. A spokesperson for HSBC Private Bank confirmed Tan’s […]

The post HSBC Private Bank hires another ex-UBS banker for desk head role appeared first on Asian Private Banker.

Following a US$330 million fine in May 2026 on three brokerages for illegal cross-border trading, Beijing’s rising scrutiny has prompted a quiet retreat among some of Hong Kong’s private banks. By early June, several global private banks began deferring mainland events and tightening travel reviews, opting for caution as capital controls intensified. The regulatory moves against illegal offshore securities operations […]

The post Will China’s cross-border capital curbs drive a rush to MRF and WMC? appeared first on Asian Private Banker.

Bank of Singapore has made a senior appointment to strengthen its investment bench amid increasing demand from wealth clients for alternative investments. Based in Singapore, Benjamin Low will assume the role of head of alternative investments, effective from 17 August 2026. He will report to Jean Chia, the bank’s global chief investment officer, the bank said in an announcement on […]

The post Bank of Singapore hires head of alternative investments appeared first on Asian Private Banker.

The post Relationship Manager Compensation Report 2025 appeared first on Asian Private Banker.

Not enough Asian ultra high net worth (UHNW) individuals put adequate care or thought into the post-retirement process, Tony Chan, partner, Lioner International Group, told Asian Private Banker. While they excel at running their businesses and creating wealth, some of them are “still at an early stage” in wealth planning, he said. “They are unsure whether to start with issues […]

The post “Discussions about death are taboo”: Asian UHNWIs still at “early stages” of wealth planning, Lioner says appeared first on Asian Private Banker.

After hitting a six-year low of just US$99 billion in 2024, global private infrastructure fundraising staged a massive comeback, surging past US$250 billion excluding co-investments in 2025. This sharp recovery, tracked by S&P Global’s With Intelligence, highlights a structural shift: institutional and individual allocators are increasingly demanding exposure to real-world physical assets over software-heavy direct lending strategies. Private banks and […]

The post Private wealth shifts to infra debt as corporate credit risks mount appeared first on Asian Private Banker.

RBC Wealth Management (RBC WM) has made six senior appointments split across Hong Kong and Singapore, continuing its strategic recruitment efforts in the region. Based in Singapore, Shirley Tee has joined RBC WM as a managing director and team head for North Asia, according to a statement on Monday. Tee joins from Bank of Singapore, where she was a team […]

The post RBC WM makes six senior hires in HK and SG, including ex-BoS team head appeared first on Asian Private Banker.

Malaysia has never been the loudest wealth market in Asia, but that may be changing. A growing pool of billionaire families, more sophisticated affluent investors, and increasingly ambitious local banks are reshaping the country’s wealth landscape and putting it firmly on Southeast Asia’s radar. The opportunity is clear, but the bigger question is whether Malaysia’s banks can capture more of […]

The post Bottom Line: Malaysia has wealth. Can its banks win more of it?  appeared first on Asian Private Banker.

Fresh off his first 100 days as UBS Wealth Management’s regional CIO for Southern Asia Pacific, James Cheo is settling into a role that places him at the intersection of the world’s largest wealth manager’s global investment platform and one of its most dynamic client markets. Having spent more than a decade advising Asia’s wealthy across major private banks, Cheo’s […]

The post “Joining an Olympics team”: James Cheo’s first 100 days at UBS and his big bets appeared first on Asian Private Banker.

Surging demand for US tech equities and gold is driving strong momentum in Union Bancaire Privée’s (UBP) Asian structured products business this year. The Swiss pure play’s structured notes trading volume was up 50% year-on-year in the first half of 2026. Over-the-counter (OTC) derivative volumes leapt 130% over the same period, UBP’s Karrie Fung told Asian Private Banker. “With the […]

The post UBP Asia structured note volume jumps 50% on US tech, gold flows appeared first on Asian Private Banker.

UOB Private Bank has announced ambitious targets for asset, revenue and hiring growth in Hong Kong. The Singaporean bank aims to grow Hong Kong assets under management (AUM) and wealth revenue fivefold by 2030, according to a statement on Thursday. The bank is also targeting to triple client advisor headcount, supported by continued investment in talent, advisory capabilities and technology. […]

The post UOB Private Bank to launch Hong Kong booking centre, triple advisor headcount appeared first on Asian Private Banker.

This is a sponsored advertorial from MetLife Investment Management & PineBridge Investments. Key takeaways: Asian credit markets enter the second half of 2026 facing a more challenging external environment. Trade tensions have faded, but investors now face a different set of challenges: geopolitical fragmentation, elevated energy prices and policy uncertainty have moved to the fore.  Higher energy prices are forcing […]

The post 2026 Midyear Asia fixed income outlook: Resilience meets selectivity appeared first on Asian Private Banker.

A senior investment executive at HSBC in Hong Kong is set to depart after seven years with the bank, Asian Private Banker has learnt. Lina Lim, head of funds & discretionary, Hong Kong, Wealth and Premier Solutions at HSBC, is leaving the bank, sources told APB. A spokesperson for HSBC confirmed that Lim will leave HSBC at the end of […]

The post HSBC’s Hong Kong head of funds & discretionary Lina Lim to exit appeared first on Asian Private Banker.

Rapidly growing private wealth allocations to alternatives are exposing significant gaps in client understanding, from misinterpreting internal rates of return to expecting hedge funds to deliver equity-like upside with zero downside. Panellists at Asian Private Banker’s Alternatives Selection Nexus 2026 warned that while democratisation has brought private credit and equity to a broader investor base, relationship managers face a growing […]

The post “Wanting their cake and eating it”: UOB PB, J.P. Morgan AM unpack client alts misconceptions appeared first on Asian Private Banker.

A confluence of factors is redirecting wealth towards Hong Kong, which will further stoke competition between independent wealth managers and private banks for a larger share of capital and talent, Kenny Ho, founder and managing partner, Carret Private, told Asian Private Banker. The strong Hong Kong IPO market has minted many wealthy Chinese individuals. Meanwhile, Taiwan’s AI and chip-led boom […]

The post What’s fuelling Hong Kong’s wealth comeback? Three drivers, says US$10bn IAM appeared first on Asian Private Banker.

Asia’s wealthy are beginning to invest more like their European counterparts, as geopolitical uncertainty, market volatility and the maturation of family wealth push investors beyond short-term trading towards longer-term portfolio construction, according to Lombard Odier. While Asian investors have traditionally been known for their willingness to seize market dislocations and pursue tactical opportunities, the Swiss private bank said it is […]

The post Are Asia’s wealthy investing like Europeans? Lombard Odier bosses say yes appeared first on Asian Private Banker.

Standard Chartered made five senior appointments for its global chief investment office (CIO) team across Hong Kong and Singapore. Based in Singapore and Hong Kong, respectively, Robin Xie and Cindy Lam have both been appointed as senior investment strategists, according to a statement on Wednesday. In addition, Ryan Goh has been appointed as an investment strategist. Xie, Lam and Goh […]

The post StanChart appoints five strategists to global CIO team appeared first on Asian Private Banker.

Barclays Private Bank (Barclays PB) has made a Singapore appointment to further its aim of building its platform in the city-state. Effective July 2026, Levia Goh has been appointed as a portfolio analyst on the investment management team in Singapore, according to a statement on Wednesday. Goh reports to Ong Shun Wei, head of investment management Singapore, who in turn […]

The post Barclays PB adds Nomura hire to Singapore team appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired two FX specialists from Deutsche Bank for its Hong Kong team, while making two additional appointments in Singapore for client coverage and wealth advisory, Asian Private Banker has learnt. In Hong Kong, Calvin Yue has joined the bank as an executive director on the FX direct access clients team, while Ellis Chu has also […]

The post J.P. Morgan Private Bank hires four across Hong Kong and Singapore appeared first on Asian Private Banker.

SCB Julius Baer is targeting a five-year revenue shift, transitioning Thai clients from tactical trading and single equities into recurring fee-based managed solutions, aiming to reduce its reliance on transaction fees. “Historically, Thai clients have favoured tactical trading and single equities, making the portfolios and the firm’s growth highly market-dependent. We are actively working to shift this trajectory toward managed […]

The post Trading out, managed solutions in — SCB Julius Baer’s Thailand plan appeared first on Asian Private Banker.

CIMB Bank Berhad has launched a dedicated private wealth offering aimed at capturing a larger share of affluent clients across Southeast Asia. The Malaysian universal bank announced the launch of CIMB Private Wealth on Monday, which seeks to address the changing needs of clients through an advisory-led model built around curated wealth solutions, institutional-grade treasury and partner capabilities spanning both […]

The post CIMB launches wealth offering for affluent ASEAN clients appeared first on Asian Private Banker.

HSBC Private Bank has made a senior appointment in Singapore for its Greater China franchise, Asian Private Banker has learnt. Jay See will join the British lender in August as a desk head for the offshore China market. See will report to Alex Liu, the bank’s market head for offshore China, sources told APB. HSBC Private Bank confirmed the appointment. […]

The post HSBC Private Bank hires ex-UBS banker to lead China desk in Singapore appeared first on Asian Private Banker.

Standard Chartered Private Bank is stepping up its ultra high net worth (UHNW) push with a new executive development programme aimed at equipping senior relationship managers (RMs) with the skills to meet clients’ increasingly complex wealth and succession needs, Asian Private Banker has learnt. The emerging markets-focused lender recently collaborated with the University of Cambridge’s Institute for Sustainability Leadership on […]

The post StanChart PB trains senior RMs for the next era of UHNW wealth appeared first on Asian Private Banker.

A senior executive for client coverage at Bank of Singapore has resigned after over five years with the lender, Asian Private Banker has learnt. Singapore-based Vincent Chan, market head for Greater China, is leaving the bank, sources told APB. Bank of Singapore confirmed Chan’s resignation. APB has been unable to determine Chan’s next career move. Chan is a veteran banker […]

The post Bank of Singapore Greater China market head resigns appeared first on Asian Private Banker.

Swiss private banks UBP and LGT have strengthened their Singapore teams with senior hires, Asian Private Banker has learnt. UBP has appointed Hoa Kong Kaan as managing director, senior investment advisor, while LGT has hired David Wang as managing director in Singapore, sources told APB. UBP confirmed Kaan’s appointment. He reports to Chaitanya Komaravalli, head of investment advisory for Southeast […]

The post Singapore: UBP hires from BoS, LGT adds UBS banker appeared first on Asian Private Banker.

What does restructuring in a private bank really mean? It is often presented as a sign of renewal. A way to become leaner, sharper and better prepared for the next phase of growth. Restructuring can help banks improve efficiency, refocus strategy and direct resources towards new opportunities. But in private banking, restructuring is never just about changing reporting lines. A […]

The post Bottom Line: New structures, new ambitions? Three private banks to watch!  appeared first on Asian Private Banker.

This is a sponsored advertorial from L&G. Authored by: Ben Bennett, Chief Investment Strategist, Asia, L&G – Asset Management The global economy faces headwinds from elevated oil prices, but this has been more than offset by significant AI-related investment, which has sent global equity markets higher as profits soar.  If the Middle East conflict de-escalates and oil prices normalise, we […]

The post Bonds under pressure: Investing with sticky inflation and rising rates appeared first on Asian Private Banker.

Uncertainty about the ongoing Middle East conflict and a desire for stability and investment opportunities are leading more Asian high net worth individuals to look towards Thailand as a haven to park their assets for the long term, wealth management leaders told Asian Private Banker. While hubs such as Hong Kong and Singapore continue to attract HNW investors, the need […]

The post Thailand’s wealth appeal grows as UHNWIs seek new hubs appeared first on Asian Private Banker.

A senior banker is leaving Siam Commercial Bank (SCB), Asian Private Banker has learnt.  Poramin Chantanusat, first senior vice president, high net worth and affluent segment at SCB, has resigned, sources told APB. SCB has been contacted for comment. APB has been unable to determine Chantanusat’s next move. Chantanusat has nearly two decades of experience in the financial industry. Prior to leading […]

The post Former private banking RM head resigns from Siam Commercial Bank appeared first on Asian Private Banker.

Private banks in Asia are gearing up to push further into alternative investments, with four in five firms planning to increase client allocations over the next year. This surge in demand is steering capital back toward hedge funds and liquid alternatives, which have emerged as the dominant sub-asset classes in Hong Kong and Singapore. While allocations to alternative investments in […]

The post APB Alts Barometer: 80% to increase alts allocations as hedge funds dominate appeared first on Asian Private Banker.

Following the launch of its physical bullion-backed tokenised gold offering, DBS Bank is positioning its multi-channel precious metals suite to capture UHNW demand, recommending a 7% portfolio weight. Ongoing concerns over fiat currency debasement and prolonged geopolitical uncertainties continue to underpin gold demand, with each form of the precious metal having a “distinct and valuable” place in investors’ portfolios, James […]

The post DBS calls for 7% gold allocation amid fiat, geopolitical risks appeared first on Asian Private Banker.

A good defence is built long before a crisis arrives. The same principle applies to wealth planning, according to Angie Han, head of wealth planning for South Asia at Pictet Wealth Management. Just as a defender aims to prevent a dangerous situation rather than react at the last moment, wealthy families should put structures in place before succession challenges, liquidity […]

The post “It’s like having a good defence”: Pictet WM’s Angie Han on future proofing family wealth appeared first on Asian Private Banker.

VP Bank is advising its ultra high net worth (UHNW) clients to look beyond the software-driven generative AI hype and position themselves for the rise of “physical AI”. While digital language models have dominated market enthusiasm over the past few years, the Liechtenstein-headquartered private bank believes the next wave of value creation will occur in the physical world via humanoid […]

The post VP Bank bets on physical AI, catastrophe bonds and Swiss real estate for UHNW portfolios appeared first on Asian Private Banker.

Wall Street’s premier wealth management divisions breached historic asset milestones in 2Q26, capitalising on buoyant market valuations and sustained client inflows to deliver double-digit revenue growth. Morgan Stanley’s total client assets across its wealth and investment management arms exceeded US$10 trillion. J.P. Morgan Asset and Wealth Management (AWM)’s net income grew 33% YoY, while Citi Wealth’s revenue grew 13% YoY, […]

The post Wall Street wealth units scale historic peaks as Morgan Stanley hits US$10tn appeared first on Asian Private Banker.

Hong Kong’s New Capital Investment Entrant Scheme (CIES) is driving a major asset surge at CITIC Securities Wealth Management (HK), where discretionary portfolio management (DPM) assets have jumped 380% on the back of an over 300% increase in new account openings as of the end of June this year. “This growth rate has exceeded our expectations,” Matthew Chan, the firm’s […]

The post Hong Kong’s new CIES fuels DPM growth at CITIC Securities appeared first on Asian Private Banker.

Private equity giants are leveraging the AI and energy transition boom to unlock infrastructure strategies for Asian high net worth (HNW) investors, speakers at Asian Private Banker’s second annual China Global Wealth Summit said. Yet, while it was agreed that the asset class is now a portfolio must-have, the panel of private investment experts differed on whether infrastructure should be […]

The post Offensive vs defensive: How should the AI-driven infra boom be pitched to wealth clients? appeared first on Asian Private Banker.

Independent wealth manager Azura Partners has hired a former senior private banker in Singapore, Asian Private Banker has learnt. Lawrence Goh has recently joined the firm as a managing director and senior relationship manager, sources told APB. Azura Partners confirmed the hire. Goh has over two decades of experience in the private banking industry. He was most recently a market […]

The post Ex-UBP ASEAN market head joins US$5bn IAM in Singapore appeared first on Asian Private Banker.

Deutsche Bank Private Bank has hired a former Citi executive for its Southeast Asia business, Asian Private Banker has learnt. Effective 3 August 2026, Jennifer Tay has been appointed as vice chairman for Southeast Asia at Deutsche Bank, according to an internal memo seen by APB. In her new role, she will focus on strengthening engagement with key clients, providing […]

The post Deutsche Bank PB hires Citi veteran as Southeast Asia vice chair appeared first on Asian Private Banker.

A senior executive at J.P.Morgan Private Bank is set to step down from her role after a nearly two-decade-long career at the US bank, Asian Private Banker has learnt.  Anita Mak, head of the Taiwan market, will step down from the role, sources told APB. Mak will remain in the role until early 2027. J.P. Morgan Private Bank declined to […]

The post J.P. Morgan Private Bank Taiwan head to step down appeared first on Asian Private Banker.

DBS Bank is aiming to more than double its assets under management (AUM) to S$1 trillion (US$774.8 billion) across its affluent, high net worth (HNW), ultra high net worth (UHNW) and retail wealth businesses by 2030. To support the target, the bank plans to hire more than 600 frontline advisors and platform engineers by the end of the decade, while […]

The post DBS to hire over 600 as it targets S$1tn wealth AUM appeared first on Asian Private Banker.

India’s private banking industry saw another record high in 2025, with collective AUM from the country’s top 31 wealth management players growing by 12% to cross US$860 billion. This is according to Asian Private Banker‘s latest India League Tables. Alongside growth in assets, the country also saw its total private banking relationship manager (RM) headcount grow by 10% to surpass […]

The post India 2025 AUM League Tables: Top 31 firms cross record-breaking US$860bn as total RM headcount soars appeared first on Asian Private Banker.

Three years after establishing its regional platform, WRISE Group is entering its next phase of growth, having recorded more than 70% year-on-year AUM growth and expanded its presence across Asia. The independent wealth manager has moved beyond its original hubs in Singapore, Hong Kong and Dubai, adding new market access as it builds a broader regional wealth platform. Speaking to […]

The post WRISE bets on AI and regional expansion: Singapore CEO appeared first on Asian Private Banker.

A former market head from Bank of Singapore has taken on a leadership role at a Singapore-headquartered multi-family office. Farro Capital has appointed Mohan Subramaniam as managing director for its wealth management strategy and client advisory platform across Singapore, the UAE and key regional markets, according to a statement released on Tuesday. Subramaniam will support the firm’s ultra high net […]

The post Ex-Bank of Singapore market head joins Farro Capital appeared first on Asian Private Banker.

Macquarie Asset Management is drawing up a shortlist of distributors and strategic partners in Asia after the exclusive launch of its new infrastructure fund saw overwhelming demand from a global private bank. The official launch of the Macquarie Infrastructure Income Opportunities Fund took place in January 2026, with a global private bank secured as its exclusive anchor investor, followed by […]

The post Macquarie eyes wider Asian wealth distribution after infra fund sells out in hours appeared first on Asian Private Banker.

Taiwan’s E.SUN Bank is shifting its private banking strategy away from traditional, product-driven asset growth toward holistic balance sheet management while actively preparing to launch local private banking operations in Hong Kong. The structural shift comes as the bank captures strong domestic momentum. For its onshore private banking business, both client count and assets under management (AUM) achieved nearly year-on-year […]

The post McKinsey alum leads E.SUN’s push beyond traditional wealth management appeared first on Asian Private Banker.

Bank J. Safra Sarasin has downgraded emerging market equities to neutral, locking in gains from the AI-driven rallies in Taiwan and South Korea as speculative retail money triggers sharp market volatility. The Swiss pure play is also maintaining its overweight on US equities, driven by the strong earnings growth and upward revisions in earnings, despite concerns around high valuations in […]

The post J. Safra Sarasin cuts Asia EM tech exposure on retail speculation fears appeared first on Asian Private Banker.

A former executive director at DBS Private Bank has taken on a senior wealth management role at an independent asset manager, in a move that follows an ongoing trend of talent moving from private banks into the independent wealth space.  Angela Saik has been appointed managing director, wealth management, Lighthouse Canton, according to a statement released today.  Saik is based […]

The post Ex-DBS Private Bank exec joins US$5.5bn IAM appeared first on Asian Private Banker.

Standard Chartered is embedding BlackRock’s Aladdin Wealth platform into its proprietary advisory software, giving its front-line access to advanced portfolio analytics. The initial rollout will focus on Singapore and Hong Kong across the bank’s priority, priority private and private banking client segments, with plans to expand to additional markets over time, the bank said in a statement on Monday. Aladdin […]

The post StanChart integrates BlackRock’s Aladdin Wealth to strengthen advisory capabilities appeared first on Asian Private Banker.

It was another week with alternatives firmly in focus at Asian Private Banker, as we hosted Alternatives Selection Nexus 2026 in Singapore and Hong Kong. Once again, wealth management leaders gathered to discuss an asset class that has become increasingly popular with private wealth clients.  But as several interesting themes emerged from the discussions, one question stood out – what […]

The post Bottom Line: Everyone wants alternatives. But who can deliver? appeared first on Asian Private Banker.

This is a sponsored advertorial from Federated Hermes. Asia’s AI leaders drove strong returns, but crowded trades and rising valuations narrow opportunities; selectivity is key as risks build. Asia ex-Japan equities are increasingly characterised by narrowing breadth rather than a lack of opportunity. Market leadership has concentrated, returns are more position-driven, and the distinction between momentum and valuation is tighter. […]

The post Can Asia’s AI frontrunners stay the course? appeared first on Asian Private Banker.

Bank of Singapore is dismantling traditional asset silos in favour of a “whole portfolio approach” (WPA) adapted from institutional frameworks. The strategy treats client portfolios as unified ecosystems, evaluating trades by net impact on total risk rather than performance within individual asset classes. The move comes as macroeconomic shifts and AI disruption challenge traditional assumptions about portfolio construction. Underlining the […]

The post Bank of Singapore breaks asset-class silos with new “whole portfolio” approach appeared first on Asian Private Banker.

External asset managers (EAM) are discovering that small-scale economics are severely choking their ability to adopt the game-changing AI capabilities needed to survive in Asia’s harsh EAM market. Three-quarters of EAMs in Singapore and Hong Kong manage less than US$1 billion in assets and are struggling with compressed fees alongside rising talent, technology, and compliance costs, according to a recent […]

The post Can Asia’s sub-US$1bn EAMs afford the AI revolution? appeared first on Asian Private Banker.

Ultra high net worth (UHNW) investors in Asia are moving beyond chasing headline yields in private credit. With high base rates and tight spreads, wealthy clients are demanding deeper proof of downside protection, underwriting discipline, and default risk before locking up their capital. Speaking at Asian Private Banker’s Alternatives Solution Nexus 2026 in Singapore on Thursday, alternative market heads from […]

The post Private credit enters a ‘prove it’ era: Julius Baer, StanChart appeared first on Asian Private Banker.

Delays in account opening and the uncertainty of residency applications in Singapore are deterring Chinese ultra high and high net worth (U/HNW) individuals from booking their assets in the city-state. This is according to Jiang Yan, CEO, Hefeng Family Office, who told Asian Private Banker that it “still takes much longer to open bank accounts for clients” amid increased document […]

The post “Takes much longer” — “But these policies are necessary”: MFO on Singapore’s stricter checks appeared first on Asian Private Banker.

Julius Baer has made a few senior hires in Hong Kong across its relationship management and financial intermediaries businesses, Asian Private Banker has learnt. Based in Hong Kong, Kelly Ho has joined Julius Baer as a senior relationship manager in the Southeast Asia team, reporting to Agatha Chan, group head for Southeast Asia, according to sources familiar with the matter. […]

The post Julius Baer boosts Hong Kong bench with rival bank hires appeared first on Asian Private Banker.

While hiring remained muted after an intensified talent war in the Greater China market in May, two major private banks restructured their leadership benches in June to position themselves for growth in Asia. Movers in June Elsewhere, RBC Wealth Management continued its hiring spree with the appointment of former China Construction Bank (Asia) deputy general manager and deputy head of […]

The post Movers & Shakers: Hiring cools as UBS, UOB reshape leadership benches appeared first on Asian Private Banker.

Morgan Stanley is expanding its efforts to engage the next generation of wealthy families in Asia, hosting a week-long programme in Hong Kong as private banks seek to strengthen relationships with future wealth owners ahead of the region’s expected intergenerational wealth transfer. The initiative, in partnership with the University of Hong Kong, comes as banks across the region increasingly compete […]

The post Morgan Stanley courts Asia’s heirs ahead of US$5.8tn wealth transfer appeared first on Asian Private Banker.

Taiwanese lender Taishin International Bank has appointed KGI Securities’ former head of wealth management to lead its onshore investment strategy and advisory team for its private banking business. Jeffrey Juan joined Taishin International Bank as senior vice president on 2 July 2026, Asian Private Banker has learned. In his new role, he will head the onshore investment strategy and advisory […]

The post Taishin hires ex-KGI Securities wealth management head for investment advisory appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has hired an industry veteran with a strong background in FX advisory, Asian Private Banker has learnt. Based in Hong Kong, Edward Lam has joined the US bank, sources told APB. Lam’s license with J. P. Morgan PB on the HKMA website took effect this week. J. P. Morgan PB confirmed Lam’s appointment […]

The post J.P. Morgan PB hires ex-Deutsche Bank PB FX advisory head appeared first on Asian Private Banker.

Clients in Asia are reluctant to abandon the artificial intelligence rally despite growing fears of over-concentration, forcing private banks to deploy sophisticated diversification tactics. Speaking at Asian Private Banker’s Alternatives Selection Nexus 2026 in Hong Kong on Tuesday, managed solutions heads from LGT, Bank of Singapore and Standard Chartered revealed the strategies they are using to insulate portfolios against geopolitical […]

The post Caught between AI FOMO and concentration risk? LGT, Bank of Singapore, StanChart reveal portfolio strategies appeared first on Asian Private Banker.

RBC Wealth Management (RBC WM) Asia has appointed a financial intermediaries expert from UBS, continuing a string of hires in the region. Based in Singapore, Thomas Jost has joined RBC WM Asia as head of the financial intermediaries desk, the bank said on Tuesday. Jost has over two decades of industry experience in financial intermediary services. He was most recently […]

The post RBC WM hires ex-UBS banker to lead financial intermediaries desk appeared first on Asian Private Banker.

HSBC has appointed a veteran banker from its corporate and institutional banking unit to lead wealth platforms. Based in London, Nick Elias has been appointed as head of wealth platforms, wealth and premier solutions, effective 15 August 2026, according to a recent statement. Elias will report to Singapore-based Lavanya Chari, head of wealth and premier solutions, HSBC. Elias is currently the […]

The post HSBC appoints wealth platforms head to accelerate AI build out appeared first on Asian Private Banker.

A Hong Kong-based multi-family office has appointed a banking veteran to spearhead the expansion of its external asset management (EAM) platform, marking the latest sign of a broader talent shift from traditional banks to independent wealth spaces. Atlas Capital Asset Management (HK) announced on Tuesday the appointment of Alex Cheung, the former head of the institutional banking group and alternate […]

The post Ex-DBS exec joins MFO to drive EAM growth appeared first on Asian Private Banker.

Ongoing macroeconomic headwinds and currency fluctuations are pushing the cost of a premium lifestyle to new heights, with Asia Pacific now playing host to half of the world’s ten most expensive cities. According to Julius Baer’s 2026 Global Wealth and Lifestyle Report, the cost of living a premium lifestyle, tracked by its lifestyle index, rose by 10.2%. Singapore retained its […]

The post Singapore tops, Bangkok joins rich cities club: Julius Baer study appeared first on Asian Private Banker.

Barclays Private Bank has made a senior appointment to strengthen its coverage of the global Indian community. Based in Singapore, Nikhil Jha joined the UK bank as head of Non-Resident Indian (NRI), according to a statement. Jha will lead the continued build out of Barclay’s NRI franchise and also become a member of the private bank’s Singapore management committee. “Singapore […]

The post Barclays PB nets Bank of Singapore banker for NRI head role appeared first on Asian Private Banker.

William Fok, country head of HSBC Private Bank in Thailand, is making no secret of his ambitions: he wants to turn the British banking giant into the country’s dominant private bank, and he is restructuring the local business to do it. Just five months into the role, Fok is already shifting the bank’s lean Bangkok operation into growth mode. To […]

The post HSBC Private Bank plans to scale in Thailand—but how? appeared first on Asian Private Banker.

India’s robust economic growth and strong equity market performance have minted a larger pool of first-generation entrepreneurs, and with it, a growing class of emerging high net worth individuals, wealth managers told Asian Private Banker. “India’s wealth creation story over the past five years has been remarkable, and I believe the underlying drivers are structural rather than purely cyclical. Several […]

The post Indian wealth managers ride the bull run to HNW growth appeared first on Asian Private Banker.

Standard Chartered has collaborated with BlackRock to bring the latter’s multi-asset capabilities to high net worth (HNW) clients. The bank announced on Monday that it has launched the Signature Select APAC Allocation Plus fund under its Variable Capital Company (VCC) platform, with BlackRock serving as the sub-manager. Designed as a comprehensive solution for investors seeking broad exposure to the Asia-Pacific region, the […]

The post StanChart partners BlackRock for VCC fund launch appeared first on Asian Private Banker.

With the first half of 2026 now behind us, a review of Asian Private Banker’s most-read feature stories over the past six months highlights what has captured readers’ attention. The results point to a few clear themes shaping interest across the industry. At a high level, the most read stories span senior executive interviews, regulatory developments, cost and fee pressures, […]

The post Bottom Line: What readers clicked on H1 2026 appeared first on Asian Private Banker.

This is a sponsored article from HSBC Private Bank. HSBC Private Bank in mainland China has put the market’s entrepreneurs – who make up an impressive two-thirds of its clients – at the heart of its vision, strategy and values. This has led to a holistic focus on their goals, needs and legacy aspirations. It’s a focus that thrives in […]

The post HSBC bridges global network to empower Chinese entrepreneurs appeared first on Asian Private Banker.

Islamic wealth management is increasingly attracting investors beyond the traditional Muslim client base, according to Maybank Private’s Alice Tan. While Islamic finance has long been associated with religious compliance, investors are increasingly recognising its broader investment philosophy, which emphasises real economic activity, stewardship and responsible long-term wealth creation and preservation, Tan, the bank’s head of wealth planning, said. “Our starting […]

The post Maybank Private’s Shariah fund draws over 70% non-Muslim inflows in Singapore appeared first on Asian Private Banker.

Standard Chartered’s hedge fund assets under management (AUM) have multiplied fivefold over the past 16 months, driven by high net worth (HNW) investors correcting underweight allocations to the asset class. “Many clients were massively underweight hedge funds. They are catching up now, and we are seeing a normalisation in allocation,” Mischa Bitton, head of alternative investments, wealth solutions, told Asian […]

The post StanChart logs 5x hedge fund AUM surge as HNW clients play catch-up appeared first on Asian Private Banker.

With artificial intelligence-driven enthusiasm creating potential concentration risks, BNP Paribas Wealth Management (BNP Paribas WM) is leveraging an advisory model to steer onshore clients to long-term portfolio diversification. The bank’s onshore Taiwan business has achieved double-digit revenue growth every year, according to Che-Kun Hsu, head of wealth management for Taiwan at BNP Paribas WM. “Looking ahead, we aim to maintain […]

The post Concentration risks drive BNP Paribas WM’s advisory push in Taiwan appeared first on Asian Private Banker.

Spotlighting energy infrastructure as its highest-conviction theme, DBS Private Bank is advising ultra high net worth (UHNW) clients to utilise private funds to capture the structural electricity boom driven by artificial intelligence. The bank is encouraging its UHNW clients to adopt a portfolio construction model similar to that of large institutional investors, where alternative assets account for a significantly larger […]

The post DBS CIO picks energy infra as high conviction for UHNW portfolios appeared first on Asian Private Banker.

Chinese wealth manager GROW Investment Group has made a senior appointment to drive its digital and artificial intelligence push, Asian Private Banker has learnt. Based in Hong Kong, Alan Lau has been appointed Chairman of the Board of GROW Digital Wealth (GDW), the firm’s digital asset platform, GROW Investment Group told APB. Lau will guide GDW’s strategy as it scales, […]

The post Chinese wealth manager GROW boosts AI push with senior hire appeared first on Asian Private Banker.

Two senior UBS private bankers have joined Singapore-based independent asset manager and multi-family office HP Wealth Management, highlighting continued movement of relationship managers from private banks to independent firms in the region. Michael Sutter and Alex Grindley have been appointed senior relationship managers at HP Wealth Management. Sutter brings more than 25 years of wealth management experience at UBS, while […]

The post Two UBS private bankers join Singapore multi-family office appeared first on Asian Private Banker.

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The post Deutsche Bank exits onshore India private banking in Kotak Mahindra deal appeared first on Asian Private Banker.

When Tucker York first started as a private wealth advisor four decades ago, the firm’s average account size was nearly US$5 million. Today at Goldman Sachs, that figure wouldn’t even get you through the front door. Driven by global wealth creation, the veteran has seen average account sizes rise to about US$90 million. But he says the bigger change is […]

The post Goldman’s Tucker York on AI, talent crunch and high bonuses appeared first on Asian Private Banker.

China’s tax authorities are increasingly utilising Common Reporting Standard (CRS) disclosures to review the offshore wealth structures of mainland UHNW individuals, prompting greater scrutiny among families who have traditionally viewed trusts as “set-and-forget” vehicles. Clifford Ng, managing partner at Zhong Lun Law Firm in Hong Kong, told Asian Private Banker recently that tax rules and their enforcement can change quickly, […]

The post China tax shift: Offshore trusts face reality check as CRS disclosures bite appeared first on Asian Private Banker.

Wealthy European clients who would traditionally have favoured Switzerland as an alternative booking centre are increasingly looking to wealth hubs in Asia, Lucie Hulme, chief executive officer, TriLake Partners, told Asian Private Banker. “An increasing number of wealthy clients in Europe and other parts of Asia want greater diversification,” Hulme said. “Back then, when European clients said they wanted diversification, […]

The post Wealthy Europeans increasingly choosing Asia over Switzerland – US$5bn EAM appeared first on Asian Private Banker.

Kelvin Tay has started his new role as chief investment officer for Asia at Pictet Wealth Management (Pictet WM), the Swiss pure play announced on Wednesday. Tay, who was most recently CIO South Asia Pacific at UBS Wealth Management, left the bank in the second quarter, with Asian Private Banker first reporting both his departure and subsequent appointment at Pictet WM, which took […]

The post Kelvin Tay starts new role as Asia CIO at Pictet Wealth Management appeared first on Asian Private Banker.

As the initial AI hardware rally cools, leading wealth and asset managers are pivoting toward AI data centre infrastructure and the application layer to capture the next wave of tech-driven growth, industry leaders shared at Asian Private Banker‘s China Global Wealth Summit. Private equity firm Warburg Pincus is “heavy on AI data centres” within its real estate and infrastructure portfolio, […]

The post Next phase of AI? China investors pivot to AI infra and applications appeared first on Asian Private Banker.

HSBC Private Bank (HSBC PB) has hired a former senior market head at DBS Private Bank to strengthen its Taiwan coverage, Asian Private Banker has learnt. Based in Hong Kong, Gloria Sun will join HSBC PB as market head of offshore Taiwan, reporting to Kanas Chan, head of private banking for North Asia and Hong Kong, effective 13 July 2026, […]

The post HSBC PB taps ex-DBS private banker to strengthen Taiwan push appeared first on Asian Private Banker.

One of Thailand’s largest lenders has made a senior appointment to its private banking business, Asian Private Banker has learnt.  Jaturont Usahacharoenporn recently took up the role of head of private bankers at Bangkok Bank, responsible for private banking relationship management. Bangkok Bank has been contacted for comment. Usahacharoenporn has over two decades of experience in the financial industry. He […]

The post Bangkok Bank appoints private banking relationship management head appeared first on Asian Private Banker.

A veteran UBS executive has retired from a senior leadership role in Asia after a long-standing career with the Swiss bank, Asian Private Banker has learnt. Singapore-based Dino Rinaldi, who co-led the APAC wealth management integration of Credit Suisse and UBS, has stepped down from the firm, sources told APB. UBS has been contacted for comment. With more than three decades of […]

The post UBS veteran Dino Rinaldi retires after decades-long career appeared first on Asian Private Banker.

Stablecoins are the missing link that could bridge the multi-trillion-dollar gap between global private wealth and the burgeoning cryptocurrency market, which for years has spooked investors because of its volatility and lack of regulation, Chi-man Kwan, group CEO and co-founder of Raffles Family Office, tells Asian Private Banker. “Once you introduce stablecoins, you start linking both worlds,” Kwan said, referring […]

The post “I have 10,000 Bitcoins – can you manage that?”: Raffles Family Office CEO appeared first on Asian Private Banker.

Asian Private Banker’s second annual China Global Wealth Summit, held in Hong Kong last week, brought together around over 450 delegates from leading Chinese wealth management firms, banks, global private banks, asset managers and family offices to discuss the internationalisation of Chinese wealth and the evolving needs of global Chinese investors.  Across a day of panel discussions and fireside chats, […]

The post Bottom Line: China Global Wealth Summit — diversify, de-risk, go global appeared first on Asian Private Banker.

A senior executive is set to leave UBS Global Wealth Management (UBS GWM) in Singapore amid a broader leadership reshuffle, Asian Private Banker has learned. Dominique Boer, head of private wealth Singapore and Australia International, will depart the bank, according to sources familiar with the matter. UBS GWM confirmed Boer’s departure to APB. Sources said Boer is expected to join […]

The post Senior UBS GWM executive Dominique Boer to exit Singapore role appeared first on Asian Private Banker.

Standard Chartered’s private banking arm has backed Wall Street’s new “MANGOS” tech trade, ramping up its allocation to 23% of its global tech portfolio. However, Deutsche Bank Private Bank is urging caution, warning that the acronym — which introduces unlisted heavyweights like Anthropic and OpenAI — should be treated as an analytical lens rather than a formal allocation bucket. MANGOS […]

The post StanChart, Deutsche Bank CIOs split on MANGOS tech trade appeared first on Asian Private Banker.