Asia’s private banking AUM reached US$4 trillion Aggressive growth reshapes the pecking order Asia’s private banking assets under management (AUM) surged to an unprecedented peak in 2025. Growing at an average of 23%, the latest rankings highlight powerful momentum and a new baseline for competition. A familiar name has entered the table, while another has made a historic leap into […]

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Indonesian wealth management AUM reaches US$70bn Indonesia’s private banks and wealth managers saw a 15% growth in their total AUM to US$77 billion. While growth slowed from 2023’s 22%, the country benefited from increasing domestic demands and steady foreign and domestic direct investment, tempered by global market volatility and geopolitical uncertainties. According to APB Insights’ 2024 Indonesia Private Banking & […]

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Malaysia’s wealth management AUM surpasses US$90bn Malaysia’s private banks and wealth managers experienced a 13% growth in their total assets under management (AUM), reaching US$91 billion in 2024. This growth rate is nearly identical to that of 2023. Jeffrey Yap, head of private wealth management and regional wealth management at Hong Leong Bank, told APB in a previous interview that […]

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Philippines wealth management AUM up by US$14bn Filipino private banks and wealth managers experienced a 23% growth in their total assets under management (AUM), reaching US$72 billion, up from US$58 billion in 2023. This growth rate dipped slightly from 2023’s 26% growth, as the country saw uncertainties and geopolitical tensions buffeting both global and local markets but increased wealth management […]

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Taiwan’s wealth management AUM passes US$80bn Taiwan’s private banks and wealth managers saw a 7.8% growth in their total AUM to US$159 billion. Despite the country’s chip boom, growth slowed from 19% growth in 2023. According to APB Insights’ 2024 Taiwan Private Banking & Wealth Management AUM League Tables, banks experienced an average growth rate of 15%. Taiwanese banks attributed […]

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Thailand’s wealth management AUM passes US$175bn Thailand’s domestic private banks and wealth managers saw a 9% growth in their total AUM to US$176 billion, while international banks in the country saw a 9% growth in total AUM to US$6 billion. Growth of domestic banks picked up from 2023’s 6%, while that of the international banks slowed from the previous year’s […]

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Thailand Thailand’s domestic private banks and wealth managers saw a 9% growth in their total AUM to US$176 billion, while international banks in the country saw a 9% growth in total AUM to US$6 billion. Growth of domestic banks picked up from 2023’s 6%, while that of the international banks slowed from the previous year’s 35%. According to APB Insights’ […]

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India’s private wealth boom as AUM hits new heights Top 30 companies The combined AUM of India’s top 30 private wealth management companies reached US$800 billion in 2024, as firms began to venture into the private markets space and expand their coverage of global markets. In terms of individual rankings, ICICI Bank Private Banking, Kotak Private Banking, and Axis Bank […]

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Asia’s private banking AUM crosses US$3 Trillion A shake-up at the top Asia’s private banking assets under management (AUM) hit new heights. The latest rankings tell a story beyond the numbers – risers and fallers highlight the region’s shifting dynamics. One familiar name made a bold leap into the top five, proving that any player can redefine their path in […]

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Introducing AUM Pro Asian Private Banker‘s annual League Tables are widely regarded as the definitive benchmarks of performance of private banks in Asia Pacific. Blending publicly disclosed information with proprietary research that is validated by the banks themselves, these tables are widely considered to be the most accurate recordings of who is booking how much year after year. For the […]

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As DBS CEO Piyush Gupta announced his retirement last week, the hype has now turned to the internal homegrown successor he appointed, former private banker Tan Su Shan. Gupta’s legacy Since Gupta joined DBS as CEO almost 15 years ago from Citibank, together with chairman Peter Seah he has not only escalated DBS’s share price to all-time highs but has […]

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Malaysian private banking and wealth management AUM exceeds US$90bn While Malaysian private banks reported dampened top and bottom lines due to challenged Southeast Asian economic growth amid geopolitical tensions, tighter monetary policies, and slower global trade, the total AUM of the top ten players in the region rose 13% to US$96 billion. According to APB Insights’ 2023 Malaysia Private Banking […]

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Philippines private wealth management AUM growth surpasses 25% With the Philippine economy ending on a high note in 2023, becoming the fastest-growing economy in Southeast Asia, private banks in the region grew their combined AUM by 25% to US$58 billion, accelerating growth from the 2% increase in 2022. According to APB Insights’ 2023 Philippines Private Banking & Wealth Management AUM […]

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Taiwan private wealth management AUM surpasses US$130 bn With the global artificial intelligence boom powering demand for chips and boosting the island’s TAIEX index, Taiwan’s private banks and wealth managers saw improving sentiment for the local wealth market and a 19% growth in their combined AUM. That resulted in a total AUM figure of US$131 billion, with more than US$20 […]

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Indonesian wealth management AUM growth exceeds 20% Despite Indonesia’s 2023 5.05% economic growth slowing down slightly from 2022’s 5.31%, Indonesia’s private banks and wealth managers saw a 22% growth in their total AUM to US$62 billion. In APB Insights’ 2023 Indonesia Private Banking & Wealth Management AUM League Tables, almost all private banks saw growth in AUM, similar to last […]

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Thailand private banking and wealth management AUM reaches US$160 bn Despite disappointing performance in the domestic equity and bond markets and a gloomy outlook for the Thai economy, domestic private banks saw 6% growth in their total AUM to US$163 billion, while that of foreign players rose 35% to US$6 billion. According to APB Insights’ 2023 Thailand Private Banking & […]

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Chinese wealth managers are accelerating their transition from product sellers to more sophisticated firms offering broader wealth solutions after a tough year that was characterised by numerous defaults and the demise of some once-mighty players. Released earlier this week, Asian Private Banker‘s 2023 China Wealth Report reflected how the gloomy Chinese economy reshaped the wealth management landscape in China. It […]

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Thailand Despite disappointing performance in the domestic equity and bond markets and a gloomy outlook for the Thai economy, domestic private banks saw 6% growth in their total AUM to US$163 billion, while that of foreign players rose 35% to US$6 billion. According to APB Insights’ 2023 Thailand Private Banking & Wealth Management AUM League Tables, all players, both foreign […]

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Despite an uncertain environment, most notably strict COVID-19 restrictions and weak market conditions, China’s private banking and wealth management sector grew steadily in terms of AUM and client base in 2022. According to the 2022 China Wealth Report by APB Insights, the total AUM of the private wealth arms of the country’s largest 20 banks increased by an average of […]

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A rip-tide of market volatility profoundly affected Asia’s private banking landscape in 2022, with HSBC Global Private Banking snatching second place from beleaguered Credit Suisse in our annual Asia Private Banking AUM league table. Across the top 24 private banks in the region, total AUM rose by 3.6% to US$2.463 trillion, reflecting the capacity for industry players to attract net […]

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The rise of Indian families with a more global outlook has created a surge in demand for wealth management (WM) services in one of the world’s fastest growing economies. LGT is determined to seize the opportunity. “The wealthy Indian families are definitely globalising, especially at the top of the pyramid. The next generation is looking out to study abroad, and […]

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AUM of more than US$10 billion means the Middle East is now a core part of the UBP group, according to Mohamed Abdellatif, who oversees its business there. “The management of this wealth is split between Geneva and Dubai, so it is a business of significant scale, especially as we have built on the success of our private banking services […]

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An outlook for robust economic growth alongside government reforms are behind Indian firm ASK Private Wealth’s (ASK PW) decision to increase its clients’ domestic equity allocation and to lift its long-term US and China holdings, especially in private equity and real estate. “India has and will continue to benefit from the global situation for various reasons – stable government, continued […]

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APB Insights debut Asia Markets AUM research shone a spotlight on the development of the private wealth industry in Taiwan, Thailand, Philippines, Indonesia and Malaysia in 2021. For those who missed the reports when they were published last week, you can read them via the links below. Taiwan 2021 Private Banking AUM Thailand 2021 Private Banking AUM Philippines 2021 Private […]

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Credit Suisse’s Thailand onshore wealth management head has taken up an additional role in two offshore markets, according to an internal memo seen by Asian Private Banker. Edwin Tan, the current market leader & wealth management head for Thailand onshore, will take on additional responsibilities to oversee the offshore Thailand and Vietnam coverage teams starting 1 October. In his expanded […]

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For China’s biggest wealth manager, the demands of its top family office clients are increasingly shifting from achieving returns, to protecting what they already have amid prolonged market volatility. The family office business of Hengtian Wealth had RMB 212.3 billion in AUM as of 1 September 2022. In Asian Private Banker’s China 2021 Private Banking AUM League Tables, Hengtian Wealth […]

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Over the past two years, Bank of China (HK) Private Banking (PB) has expanded its alternatives journey by distributing solutions from Lazard Asset Management, Ping An and Man Group to U/HNWIs clients. “Since private market investment is still dominated by institutional investors, it makes sense to educate U/HNWIs about alternatives — how to diversify in terms of markets and asset […]

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Standard Chartered Private Bank has appointed a new head for India, the UK lender confirmed with Asian Private Banker. Pankaj Walia, a StanChart veteran of nearly 20 years, was promoted to the role in June. He reports to Nitin Chengappa, head of affluent, deposits and non-resident Indians. Walia replaces fellow veteran Aman Rajoria, who held the India private banking head […]

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Wealth continuum players were among the most aggressive hirers of private banking talent last year, according to Asian Private Banker‘s Asia 2021 Private Banking RM Headcount & AUM per RM data, as they sought to bolster their presence in the key regional hubs of Hong Kong and Singapore. RM headcount across the region grew by 2.85% during the year to […]

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** For 2021, Asian Private Banker is releasing the AUM and RM data sets in two parts: the banks ranked 11th to 25th place in terms of their AUM on 12 May; and the next day those ranked within the top 10 regional banks in terms of AUM, as well as the full data set for RM headcounts ** AUM […]

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When describing the Pictet Group, three words – independent, organic, and partnership – come to mind. The Swiss pure play, whose history in Asia dates back to 1981, is owned and managed by eight managing partners. New partners are appointed every five to ten years, with the youngest ones in their early 40s, and the most experienced ones generally aged […]

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DBS on Monday reported that its wealth management income fell 5% to S$2.7 billion in 2021 due to lower interest income, but AUM increased 10% to S$291 billion. The Singapore lender’s wealth management unit, which represents 20% of group income, comprises treasures, treasures private and private banking clients with over S$350,000 in investable assets. “Wealth management net new money for […]

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With more universal banks in Hong Kong realigning their wealth management businesses to target inflows from a wider wealth continuum, Citi Hong Kong considers its digital solutions as key drivers for its wealth management business, according to Winnie Choi. The head of wealth management of Citi Hong Kong shared with Asian Private Banker that Citi Hong Kong has witnessed robust […]

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An Asian Private Banker analysis of private banks recruitment trends in 2021 shows that Nomura, Deutsche Bank and Credit Suisse were the most active in hiring senior staff in the region, while Credit Suisse and Bank of Singapore saw a higher number of senior departures. Japan’s Nomura went on a hiring spree in Hong Kong and Singapore at the start […]

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Substantially increasing the individual investment quota of the cross-boundary Wealth Management Connect (WMC) scheme will be key to developing interest in the platform among private banks, according to a survey by Asian Private Banker. However, industry executives are downbeat about the prospect of this happening soon. The survey, which was completed by attendees of Asian Private Banker‘s GBA Connect 2022 […]

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Julius Baer’s profitability “rose significantly” in the first ten months of 2021, on the back of solid growth in client assets and improved cost-efficiency. AUM at the end of October was CHF 484 billion (US$520 billion), up 12% YTD, thanks to net new money inflows expanding at an annualised 4%, a robust stock market performance and advantageous currency movements. (While […]

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Third-quarter AUM at the private banking subsidiary of OCBC Bank was US$123 billion (S$167 billion), 6% up YoY but a decline of US$2 billion QoQ, as continued inflows of net new money (NNM) across different regions in which the bank operates were offset by a decline in market valuations. OCBC Group beat market expectations with a 19% YoY jump in […]

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Download your complimentary copy of the 2018 Singapore Offshore Strategy executive summary today. Asian Private Banker, under the sponsorship of PwC, explored the role of Singapore as an offshore wealth hub. Between April and June 2018, we distributed 81 surveys and conducted 11 semi-structured interviews across Singapore and Hong Kong. Singapore is the most preferred offshore wealth hub among contributing […]

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