The post Private Banking Hiring Report 2025 appeared first on Asian Private Banker.

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 […]

The post A homegrown Singaporean talent: What will Tan Su Shan bring to DBS? appeared first on Asian Private Banker.

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 […]

The post APB Insights: China’s wealth managers endure painful transition after tough 2023 appeared first on Asian Private Banker.

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 […]

The post What’s behind the growth in China AUM in 2022? appeared first on Asian Private Banker.

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 […]

The post Volatility shakes up Asian private bank landscape in 2022 appeared first on Asian Private Banker.

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 […]

The post How LGT plans to seize the opportunity in India appeared first on Asian Private Banker.

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 […]

The post Middle East now a core part of UBP’s business: CEO Mohamed Abdellatif appeared first on Asian Private Banker.

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 […]

The post Why this wealth advisor thinks US and China alts are essential to HNWI portfolios appeared first on Asian Private Banker.

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 […]

The post Five key takeaways from APB Insights’ debut Asia Markets AUM appeared first on Asian Private Banker.

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 […]

The post Credit Suisse’s Thailand WM head takes new role appeared first on Asian Private Banker.

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 […]

The post China’s largest wealth manager on moving beyond seeking returns in its family office business appeared first on Asian Private Banker.

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 […]

The post Premium Pickers: Morphing Asian clients’ home bias into a global mindset appeared first on Asian Private Banker.

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 […]

The post Standard Chartered appoints new PB head for India appeared first on Asian Private Banker.

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 […]

The post APB Insights: Wealth continuum players the top hirers of 2021 appeared first on Asian Private Banker.

** 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 […]

The post Asia-Pacific private banking AUM grew at slowest rate in three years in 2021 appeared first on Asian Private Banker.

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 […]

The post AUM growth is only a “second priority”: Marc Pictet appeared first on Asian Private Banker.

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 […]

The post DBS wealth management income dips but AUM rises appeared first on Asian Private Banker.

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 […]

The post Timely digital solution drives AUM from affluent clients: Winnie Choi of Citi Hong Kong appeared first on Asian Private Banker.

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 […]

The post These Asian private banks were the most aggressive in recruiting senior staff last year appeared first on Asian Private Banker.

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 […]

The post Larger individual investment quota needed to spark PB interest in WMC: APB survey appeared first on Asian Private Banker.

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 […]

The post AUM growth and cost improvement boost Julius Baer profitability in first ten months appeared first on Asian Private Banker.

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 […]

The post Bank of Singapore 3Q21 AUM grows 6% YoY to US$123 billion appeared first on Asian Private Banker.

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 […]

The post The Role of Singapore as an Offshore Wealth Hub appeared first on Asian Private Banker.