20 November 2017 |

Top Eight for Week 10 – 17 November 2017

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Last Tuesday, at the third Chief Operating Officers Leaders Conversation, we hosted COOs from the region’s private banks, for a morning of informal peer sharing and networking around the most dynamic and challenging area of responsibility for modern day COO: technology and digital strategy.  Find out more here.

Your Top Eight follows.

INDUSTRY | EXCLUSIVE   14 November 2017
François Monnet: Credit Suisse “ready to calibrate ‘go to China’ strategy”
Asian Private Banker invited leaders of Asia’s offshore wealth management space to share their views on the Chinese wealth management market and to discuss how their institutions intend to harness the ‘China opportunity’. This week, we feature the thoughts of François Monnet, Credit Suisse’s head Greater China, private banking APAC and chief executive Hong Kong branch.

Private banking COOs change tune on shared KYC facilities
An overwhelming majority of private banking chief operating officers and heads of IT expressed enthusiasm when asked whether they would like to see a shared KYC network – a marked about-face from a year ago when a similar poll revealed overwhelming reticence towards the idea.

Hong Kong’s private bankers turning to AI-driven tools to deal with suitability requirements
Private bankers in Hong Kong, overburdened by the number of investment suitability checks they need to carry out, are increasingly turning to artificial intelligence solutions to cope, says George Ong, managing director of private banking tech vendor Axisoft.

MOBILE / TABLET / CRM | EXCLUSIVE  15 November 2017
Bank of Singapore goes live in HK with client-facing app
Bank of Singapore has rolled out its digital app to its Hong Kong-booked clients, having launched it to for Singapore-booked clients earlier this year.

45% of wealth managers expect AxJ equities to be top generator of returns in 2018
Nearly half (45%) of Asia’s wealth managers expect Asia ex-Japan to be the greatest source of risk-adjusted equity returns in 2018, according to a new Asian Private Banker poll, but the same respondents express fears about volatility, economic and geopolitical risks in the region.

PEOPLE | EXCLUSIVE  16 November 2017
BNP Paribas WM bulks up emerging Asian markets team
BNP Paribas Wealth Management has hired a former Citi banker to bulk up its emerging Asian markets team, Asian Private Banker can reveal.

REGTECH | EXCLUSIVE   13 November 2017
Tech vendors say ‘Paradise Papers’ leak spotlights private banks’ struggle with KYC processes, once again
The rigour of KYC and client due diligence processes private banks in the region, – particularly when it comes to ultimate beneficial owners and politically exposed persons (PEPs) – is once again in the spotlight following the ‘Paradise Papers’ leak last week, tech vendors tell Asian Private Banker.

Asian investors increasingly using multi-strategy platforms to access DM HY bonds: Barings
More Asian private investors are accessing developed market (DM) high yield (HY) bonds via multi-strategy platforms instead of concentrating on a specific market, according to Barings.


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