Across mainland China, Hong Kong, and Singapore, UHNW entrepreneurs are allocating as much as 40% of their investment portfolios to own businesses — a significant surge, even for a region accustomed to high UHNW allocations to own ventures. The 2021 Global Entrepreneur and Family Report, prepared by BNP Paribas Wealth Management, highlights this reinforcing trend in Asia. From 2019 to […]

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The talent war in the private banking industry has exacerbated, with the retail departments of universal banks using competitive offers to attract RMs to expand the banks’ ambitions into the client segment of US$1-10 million AUM, which overlaps with the private banking client pool. The creation of a wealth continuum and ambitious hiring targets are having the effect of adding […]

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The tide is turning for a new generation of PB relationship managers in Asia’s twin financial hubs, with talent being recruited locally in significantly larger numbers than a decade ago. A decade ago — when the industry was on the cusp of rapid expansion — quite a number of private bankers were hired from other parts of the financial services […]

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