3 November 2017 |

Top Eight for Week 27 October – 3 November 2017

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Greetings,

We are currently at the pointy end of the year for CIOs, who are heads down working on their 2018 outlooks and snappy ‘top 10’ lists for the next 12 months. 

In fact, I’ve spent the past couple of days going back over your 2017 ideas/calls in anticipation of our first annual High Conviction event in Singapore next week – not that I intend to hold the CIO universe to task – but hits and misses make for great conversation starters, right?

Truth be told, APB’s editorial team is an enthusiastic consumer of your research notes – some definitely do it better than others in terms of timeliness and granularity and, believe it or not, a little injection of humour (yes, one Asian private bank manages to provoke the odd smirk) goes a long way – which is why I am looking forward to hosting a panel of CIOs for the opening of our High Conviction event.

Should be a great way to round out the year, not least because the speakers will be providing their house views for the next.

See you there!

Your Top Eight follows.

Cheers,
Sebastian Enberg
Editor

INDUSTRY | STRAIGHT TALK | EXCLUSIVE   27 October 2017
Hang Tang Wealth Management’s Cui: “For responsible WM firms, there is room to grow”
Overseeing 70,000 clients and 2,700 relationship managers across 130 branches, Cui Tongyue, president of Hang Tang Wealth Management, says that he is focused on building and retaining client trust as a means to business sustainability in challenging market. Next stop: familiarising clients with the concept of asset allocation. He speaks to Asian Private Banker.

INDUSTRY | EXCLUSIVE   2 November 2017
DBS Private Bank attributes strategy tweak to NRI business growth
DBS Private Bank’s decision to broaden its non-resident Indian (NRI) strategy from a product-driven to a solution-orientated approach has made it “one of the fastest growing segments by assets and revenue”, Varun Chugh, DBS Wealth Management’s head of global south Asia team has told Asian Private Banker.

REGULATIONS | EXCLUSIVE   30 October 2017
Three ways Chinese HNWIs are preparing for CRS
Wealthy Chinese investors are considering how best to structure their assets in preparation for the Common Reporting Standard (CRS) regime, tax consultants and lawyers tell Asian Private Banker, noting three strategies in particular that clients are turning to.

APB MANDATE | ASSET MANAGERS | FUNDS | EXCLUSIVE   31 October 2017
AM Heat Map: China ranks first among all single-country equity fund categories
On the back of a strong performance for China equities and buoyant investor sentiment, China equity funds rank first among all single-country equity fund categories in terms of searches performed by Asia’s private banking community, according to data provided by fundinfo, the internet traffic data provider.

INDUSTRY | EXCLUSIVE  31 October 2017
UBS’ Amy Lo: “We are not competing with local Chinese banks and we don’t intend to”
Asian Private Banker invited leaders of Asia’s offshore wealth management space to share their views on the Chinese wealth market and to discuss how their institutions intend to harness the ‘China opportunity’. This week, we feature the thoughts of Amy Lo, chairman and head, UBS Wealth Management Greater China and country head, UBS Hong Kong.

REGULATIONS | EXCLUSIVE  1 November 2017
Decision to scrap AML requirements driven by compliance burden: Accuity
Hong Kong regulators’ decision to scrap anti-money laundering (AML) address validation requirements should not be viewed as a “relaxation” of supervision, but rather as a move to reduce the compliance burden banks face when onboarding clients, according Bharath Vellore, product innovation manager at Accuity.

PEOPLE | EXCLUSIVE   1 November 2017
LGT nets heavy hitter from BNP Paribas WM
LGT’s climb towards its US$50 billion AUM target in Asia is set to benefit from the hire of a major UHNW banker from BNP Paribas Wealth Management, Asian Private Banker can reveal.

APB MANDATE | CIO | PORTFOLIO | EXCLUSIVE   30 October 2017
Julius Baer: Investor appetite for equities and bonds reaching “inflection point”
Julius Baer believes that markets are likely to undergo a gradual rotation from bonds to equities from this point on, due to the current low bond yields and better equity fundamentals.

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