Nomura International Wealth Management (Nomura IWM) has hired an industry veteran to lead its business in the Middle East and Europe, Asian Private Banker has learnt. Based in Dubai, Harish Hemandas has been appointed as head of Nomura Singapore Limited (NSL) Dubai International Financial Centre Branch. Subject to regulatory approval, he will serve as senior executive officer and head of […]

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Deutsche Bank Wealth Management’s Southeast Asia head has exited the bank, with an interim replacement appointed, Asian Private Banker can confirm. After spending two years with the German lender, Chow Shang-Wei has left. He joined Deutsche Bank Wealth Management in 2020 from HSBC Private Banking, where he spent four years as market head for Singapore and Malaysia. Before HSBC, Chow worked at […]

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In order to fill the hiring gap created in 2020 as COVID-19 hit, private banks stepped up hiring throughout 2021, extending to the end of the year, when traditionally there is a significant slowdown in RM moves. Looking ahead, recruiters have diverging views on the RM hiring momentum of the Hong Kong’s private banking scene in 2022. Maple Yip, partner […]

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The co-head of UBS Global Family Office for APAC is returning to Deutsche Bank after a hiatus of four years. Anurag Mahesh is rejoining the German lender as vice chairman for wealth management APAC, according to an internal memo seen by Asian Private Banker. Based in Singapore, Mahesh will report to Lok Yim, MD, head of International Private Bank, Asia […]

The post UBS GFO co-head rejoins Deutsche Bank as vice chairman for WM APAC appeared first on Asian Private Banker.

Following plans to cut 500 wealth management jobs globally, UBS Global Wealth Management has reorganised its reporting structure and shuffled its senior ranks in Asia, in a bid to streamline decision-making and bring clients closer to its leadership. Henceforth, UBS GWM in Asia will use the “sector head” designation, replacing the “regional market manager (RMM)” and “country team head” titles that […]

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Family offices (FOs) in Asia Pacific recorded the strongest investment performance across the globe, according to the ‘Global Family Office Report 2018’ released by UBS Global Wealth Management (GWM) and Campden Wealth Research. The report revealed that in 2017, the average investment performance of APAC’s FOs was 16.4% — 9.7% higher than the previous year’s figure, and almost a full […]

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Impact investing continues to be a trending topic amongst family offices serviced by UBS Wealth Management’s Global Family Office (GFO) unit, with many preferring bespoke deals in the private market, the Swiss private bank’s GFO APAC head, Anurag Mahesh, tells Asian Private Banker. Mahesh notes that impact investing, by nature, tends to be “more of a private market situation” given […]

The post APAC family offices seek bespoke private market impact investments, says UBS WM’s Anurag Mahesh appeared first on Asian Private Banker.

UBS Wealth Management appoints Deutsche Wealth Management’s former Asia head and global head of key client partners to Hong Kong and Singapore-based roles, confirming an earlier report by Asian Private Banker. Ravi Raju has joined UBS Wealth Management as its co-head global UHNW, Asia Pacific, working with Amy Lo, the other co-head for global UHNW as well as the head wealth […]

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Deutsche Bank Wealth Management APAC head, Ravi Raju, is headed to UBS Wealth Management, with sources indicating that the veteran will become UBS WM’s global UHNW APAC head. UBS WM declined to comment on Raju’s move. Raju hit headlines yesterday when he resigned from the German bank as the head of its wealth management franchise in Asia. He was soon followed […]

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Deutsche Bank Wealth Management has named a new APAC head following the resignation of Ravi Raju, as reported earlier by Asian Private Banker. According to an internal memo seen by this publication, Lok Yim, head of wealth management for North East Asia, has been appointed as Raju’s successor. A spokesperson for Deutsche has since confirmed Yim’s promotion. Meanwhile, Fabrizio Campelli, […]

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Deutsche Bank Wealth Management has suffered its second significant blow in as many days, this time losing its Singapore-based global head of key client partners, Anurag Mahesh. Asian Private Banker can reveal that Mahesh has resigned from the German bank where he had worked since 2007. Yesterday, Asian Private Banker reported that Ravi Raju, erstwhile head of Deutsche’s wealth management franchise in Asia, […]

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Few within the organisation could claim to have been surprised when Deutsche Bank appointed Anurag Mahesh as head of wealth management (WM) coverage in Asia Pacific in May this year, proving that high-stakes private banking in the region is still very much about investment banking deal flow. Mahesh, who spent 15 years with Citigroup prior to joining Deutsche, is known […]

The post Straight Talk: Anurag Mahesh, head of wealth management coverage, Asia Pacific, Deutsche Asset and Wealth Management appeared first on Asian Private Banker.

As six new leaders get ready to take the rudder at six different private banks in the region, Asian Private Banker takes stock of the sweeping leadership changes over the last 60 days and their collective implication for their respective banks over the longer term. Will this power-pack infuse fresh blood into a system that has long-needed fixing or are […]

The post Six in sixty: Sweeping leadership changes at Asia’s private banks appeared first on Asian Private Banker.

German-lender, Deutsche Bank, has appointed a J.P. Morgan senior country officer for Singapore as its new chief country officer, Singapore, and vice chairman, Southeast Asia. Philip Lee will take over from Ronny Tan as chief country officer for Singapore, effective from 8 July, 2013. Lee will also work across the bank’s business divisions to develop client activities in Southeast Asia. […]

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A familiar name at Deutsche Asset and Wealth Management (DeAWM) has had his role enhanced as part of a wider rejigging of the newly-integrated division. Anurag Mahesh, former managing director and head of wealth investment management and key client partner group, is appointed head of wealth management coverage in Asia Pacific, overseeing DeAWM’s teams in North Asia, Southeast Asia, global […]

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Asia’s coveted ultra high net worth segment (those with investable assets of US$30 million and above) remains a fundamental key to private banking success in the region, particularly as a large number of institutions rein in their servicing of the less-lucrative mass affluent segment in their quest for profitability. In Asia alone, an estimated 42,895 ultra high net worth (UHNW) […]

The post Deutsche’s Mahesh banking on UHNW strategy to lift profits appeared first on Asian Private Banker.

At the end of a volatile year when short-term market fluctuations wrecked havoc on investment portfolios, Asian investors are developing an appetite for longer term, strategic investing. Private equity investments in particular are at the forefront of this paradigm shift, as a result banks across the region are investing more resources than ever before to hone their capabilities in a […]

The post Private equity comes to the party appeared first on Asian Private Banker.

Share prices may go up as well as down. Past performance is no indication of future performance. The views presented here are indicative only. And so go the usual mundane qualifiers that swaddle every professional opinion about investing matters, except … there is an unusually meaningful consensus emerging about the second half of 2010. Strategists, analysts and product specialists have […]

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