Despite years of liberalisation and market hype, a significant portion of Thai wealth remains stubbornly localised. The latest Asian Private Banker Thailand Global Wealth Summit Survey reveals that nearly 30% of Thai high net worth (HNW) portfolios still carry 10% or less offshore exposure. This local concentration gives global private banks a prime runway to target these clients directly via […]

The post Are Thai HNWIs slow to go offshore? APB survey finds appeared first on Asian Private Banker.

In a bold departure from its previous focus on South and Southeast Asia, Liechtenstein pure-play LGT raided Chinese securities firm China Merchants Bank International (CMBI) for a team of private wealth professionals in Hong Kong last month. The move underscores an intensifying Asian talent war, in which global firms are increasingly hunting within Chinese institutions to secure critical onshore experience. […]

The post Movers & Shakers: LGT’s CMBI raid signals intensifying battle for Greater China talent appeared first on Asian Private Banker.

The post-bonus exodus intensified in April, following the wave of exits in March. Bank of Singapore was among the hardest hit, with numerous market and team leaders parting ways with the bank. The top moves in the private banking industry in April included the resignation of Reto Marx, co-head of the Singapore branch and chief risk officer for Asia at […]

The post Movers & Shakers: Who’s in, who’s out, and what’s next for Bank of Singapore? appeared first on Asian Private Banker.

Despite prolonged geopolitical tensions in the Middle East, Asia’s CIOs remained confident in US equities and gold, extending the trend seen in 1Q26, according to Asian Private Banker‘s review of major house views. While bullish sentiment on equities and gold lingered on, the constructive view on private markets from the previous quarter weakened amid recent headlines of private market stress. […]

The post CIO views 2Q26 visualised: PBs bullish equities, gold, but turn cautious on private markets appeared first on Asian Private Banker.

Asia’s private banking AUM has crossed the US$4 trillion mark, according to Asian Private Banker‘s 2025 League Tables. With J.P. Morgan Private Bank entering the top three for the first time and Nomura International Wealth Management (IWM) making its debut in the tables, the 2025 rankings saw widespread movements. J.P. Morgan Private Bank led this growth with a 41% increase […]

The post Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts appeared first on Asian Private Banker.

With hiring slowing down in March, the private banking industry saw a spike in exits over the past month, with retail-linked banks bearing the brunt of the turnover. Besides these departures, key moves for the month include former Citi Wealth head of partnerships and relationship management, Julie Koo, resurfacing at Allianz as head of distribution for Asia Pacific. Former UOB […]

The post Movers & Shakers: Wave of departures sets stage for next phase of talent war appeared first on Asian Private Banker.

With increasing conversations around discretionary portfolio management (DPM) as clients seek downside protection and allocations beyond conventional strategies, Asian Private Banker’s DPMLC Industry Pulse Survey shows that private banks in Hong Kong and Singapore report DPM penetration of 6–10%. Sixty-eight percent of participants plan to increase DPM penetration over the next 12 months, with outperformance against self-directed portfolios and family […]

The post DPM survey: Private banks eye bigger books, led by family offices and next-gen appeared first on Asian Private Banker.

As private-market AUM continues to outpace traditional strategies, a structural migration is unfolding: Asia’s top-tier wealth talent is abandoning global firms for the leadership roles and autonomy offered by alternative boutiques. In addition to last month’s private-market-related moves, Andrew Bird was appointed head of Global Wealth Management Australia at UBS, succeeding Michael Marr. Former HSBC Private Bank market head for […]

The post Movers & Shakers: Private bankers eye boutique firms for big jobs appeared first on Asian Private Banker.

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

While private banking clients in Asia are becoming more aware of alternative investments, the latest Asian Private Banker Alternatives Investment Barometer shows that portfolios in Hong Kong and Singapore still allocate an average of 6–10% to the asset class. The survey found that 85% of participants plan to increase clients’ exposure to alternatives over the next 12 months, with hedge […]

The post APB Alts Barometer: Increasing alts, main barriers, do RMs understand? appeared first on Asian Private Banker.

Bank J. Safra Sarasin (BJSS) marked the start of 2026 with one of the largest team moves in Asia in the past 12 months, hiring at least 18 private wealth professionals from Hang Seng Bank within half a year as part of its growth strategy. Outside of team moves, the industry saw a number of key movements in the region […]

The post Movers & Shakers: Could J. Safra Sarasin be 2026’s dark horse? appeared first on Asian Private Banker.

With domestic interest rates at just 1.25% and the SET Index delivering negative returns, Thailand’s wealth managers face a stark choice: offer robust offshore solutions or watch their clients walk. In recent years, amid this struggling domestic market, a wave of strategic alliances has emerged between local banks and global heavyweights such as J.P. Morgan Asset Management and Goldman Sachs […]

The post Offshore solutions or lose clients? Thai private banks tap global managers as slump deepens appeared first on Asian Private Banker.

Despite the shadows of a potential AI bubble and persistent valuation jitters, Asia’s chief investment offices are entering 1Q26 with a resolute pro-risk tilt in equities, according to Asian Private Banker‘s review of major house views. While most banks are clinging to US earnings growth as a principal driver, a deepening rift has emerged over the role of fixed income […]

The post CIO views 1Q26 visualised: Private banks double down on US equities amid AI fatigue appeared first on Asian Private Banker.

From record North Asia flows and the resumption of full-force hiring to digital assets and evergreen funds, Asian Private Banker looks back at the big stories that dominated headlines in 2025. 1. Hong Kong’s comeback: Record North Asia wealth flows Asia’s private banks experienced unprecedented growth in North Asia, with Hong Kong’s wealth industry bouncing back to near pre-pandemic levels, making the city […]

The post APB Wrapped: The top 10 Asia private banking trends in 2025 appeared first on Asian Private Banker.

Asian Private Banker is delighted to present Final Word 2025, our year-in-review feature featuring regional heads from wealth management players across APAC. Click here to read Final Word 2025 In this exclusive feature, top executives reflected on what kept them up at night in 2025, covering everything from digital transformation to regulations, and business strategy to investment performance. Below are some […]

The post Final Word: Private banking leaders reflect on strong a 2025, reveal strategies for 2026 appeared first on Asian Private Banker.

Within the space of just a few weeks, Indosuez Wealth Management (Indosuez WM) hired seven Bank of Singapore bankers, representing a significant injection of talent helping support the boutique bank’s AUM and DPM business growth. Last month also saw some other notable movements in Asia. Bank of Singapore hired former UBS co-head of the UHNW solutions group, Claude Andre Harbonn, […]

The post Movers & Shakers: Spotlight on Indosuez WM as it scoops up Bank of Singapore RMs appeared first on Asian Private Banker.

Imagine a highly reliable group of employees capable of meticulously sifting through thousands of pages of financial statements and data sets, all while spotting news trends such as sustainability claims, executive moves, social media chatter, fund flows, and then suggesting calculated trades on a whim – not just for one company, but for tens of thousands of organisations across different […]

The post AI gives quant the edge, but can it replace human judgement? appeared first on Asian Private Banker.

HSBC Global Private Banking (GPB) led the private wealth management hiring scene in October with a series of frontline expansions across teams and geographies. Other key industry hires last month include Indosuez Wealth Management appointing former Bank of Singapore Greater China and North Asia market head Phonda Chan as its deputy chief executive for the Hong Kong branch, and former […]

The post Movers & Shakers: Breaking down HSBC GPB’s 2025 hires appeared first on Asian Private Banker.

Banks hailing from the UK and continental Europe delivered robust top- and bottom-line growth in the third quarter of 2025, mirroring the strong earnings reported by their American counterparts. UBS Global Wealth Management (GWM), Deutsche Bank Private Bank, BNP Paribas Wealth Management (BNP Paribas WM), HSBC, and Standard Chartered all posted double-digit revenue or profit growth, supported by higher client […]

The post 3Q25: European private banks keep pace with US rivals appeared first on Asian Private Banker.

US banks saw double-digit growth in net revenue and net income for 3Q25, alongside increases in assets under management (AUM) and client advisor headcount, according to recent earnings reports. Citi Wealth and J.P. Morgan Asset and Wealth Management (AWM) saw net income for the quarter grow 32% and 23% respectively, on a yearly basis, while Goldman Sachs captured a 40% […]

The post 3Q25: US banks post another quarter of double digit wealth growth appeared first on Asian Private Banker.

In September, India led the hiring in Asia as LGT named seven managing directors from Barclays for its onshore India wealth business. The month also saw some major moves in the industry, including the former Bank of Singapore co-head of private banking, Robin Heng, joining EFG as vice chairman of Southeast Asia after announcing his retirement last year. VP Bank’s […]

The post Movers & Shakers: Who is LGT up against in India? appeared first on Asian Private Banker.

From 2020 to 2024, Asia’s private banks expanded their total Asia ex-China onshore AUM by 32%, increasing from US$2,346 billion to US$3,093.5 billion over the five years. The fastest growth in industry AUM occurred in 2023, when AUM across private banks grew 24.6%, following a year when AUM contracted by 6.2% in 2022. Out of the 23 private banks included […]

The post Which private banks are leading AUM growth in Asia? We reveal appeared first on Asian Private Banker.

In August, pure-play private banks, including UBP and Lombard Odier, led the hiring scene, ramping up relationship manager appointments and selectively adding senior talent as they continued to expand their Asia businesses. Among key hires last month, Lombard Odier named Indosuez veteran Alfred Low as Hong Kong CEO and head of North Asia. Meanwhile, Lombard Odier’s Asia private client CEO, […]

The post Movers & Shakers: Pure plays lead August hires, but selectivity rules appeared first on Asian Private Banker.

For 2H25 and 3Q25, most private banks are neutral on global and US equities with a preference for Asia ex-Japan and China. Most are also neutral on fixed income, with investment grade being the most preferred fixed income asset class. Short-term bonds and cash are the least preferred. A positive sentiment is seen for alternatives, with the majority of banks […]

The post Asset allocation 2H25: Private bank CIOs bet on Asia, China, and alts appeared first on Asian Private Banker.

In 2024, Asia markets, including Thailand, Taiwan, the Philippines, Malaysia, and Indonesia, saw their private banking and wealth management industry assets under management (AUM) reach US$505 billion, up 12% from 2023’s US$450 billion, according to APB’s Asia Markets 2024 AUM League Tables. As in 2023, the Philippines once again led the growth in these five domestic markets in 2024 with […]

The post Asia Markets 2024 AUM: Assets up 12%, Philippines steals the spotlight again appeared first on Asian Private Banker.

The private banking hiring market picked up in July, with J.P. Morgan Private Bank emerging as one of the most discussed names among headhunters in APAC. Key industry hires in July include Francis Liu, former CEO, private clients, Asia at Lombard Odier, joining Nomura International Wealth Management as North Asia head, succeeding Rudolf Hitsch. BNP Paribas Wealth Management appointed two […]

The post Movers & Shakers: Decoding J.P. Morgan Private Bank’s hiring spree appeared first on Asian Private Banker.

June saw a fresh wave of moves in Hong Kong, with RBC Wealth Management and J. Safra Sarasin leading key hires, joined by other firms across private banking and asset management amid a series of appointments and exits following May’s Middle East momentum. Key private banking personnel moves last month included Nick Yim, head of Private Wealth Management (PWM) for […]

The post Movers & Shakers: Inside RBC WM’s hiring game plan, J. Safra Sarasin steps up hiring appeared first on Asian Private Banker.

Following challenging domestic markets in 2024 and current geopolitical uncertainties, 50% of Thailand’s wealth management professionals say that over 15% of client wealth is allocated to offshore investments, with Singapore being the most preferred offshore wealth hub. Despite global private banks and asset managers advocating alternatives as volatility hedges and sources of alpha, most Thai players report client allocations below […]

The post Thai private banking clients allocate 15% offshore, but alts see little interest appeared first on Asian Private Banker.

(More like durians and dragon fruit. Different skin, same fruit basket) It’s been an interesting couple of weeks meeting with private banks in Hong Kong and Singapore across the top 10 players. One recurring and still unresolved debate is how the Asian Private Banking League Table is compiled, especially when it includes banks with large mass affluent businesses, such as […]

The post Bottom Line: Private or priority? It’s not always apples to apples appeared first on Asian Private Banker.

In May, Standard Chartered swept up talent in the United Arab Emirates (UAE), joining a growing group of firms vying to capture inflows of private wealth to the Middle East. There were also several notable private banking departures in May. APB broke the news that APAC CIO Stefanie Holtze-Jen was departing Deutsche Bank Private Bank after four years in the […]

The post Movers & Shakers: StanChart eyes UAE wealth rush; high-profile retirements herald new leadership appeared first on Asian Private Banker.

While private banking hiring in Asia Pacific slowed in April, several asset managers in the region named new CEOs. There were also some surprise departures in the private banking industry, with Nomura International Wealth Management (IWM)’s head of North Asia, Rudolf Hitsch, leaving the bank after two years in the role. The head of IWM at Nomura, Ravi Raju, will […]

The post Movers & Shakers: Heavyweights exit Nomura IWM and HSBC GPB appeared first on Asian Private Banker.

While some major private banks focused on restructuring management and rejigging reporting lines in March, others focused on sweeping up talent. Among those shaking things up was Julius Baer, which flattened its management structure, while Citi Private Bank implemented a new structure for Asia-based market managers. Meanwhile, Morgan Stanley Private Wealth Management Asia (Morgan Stanley PWM Asia) and RBC Wealth […]

The post Movers & Shakers: Julius Baer flattens structure while Citi PB tweaks market managers appeared first on Asian Private Banker.

Asian Private Banker is proud to unveil the 2025 edition of our annual COO Focus, gathering the latest views of regional private bank operational chiefs on everything from compliance costs, to artificial intelligence and the latest work-from-home trends. The flagship project gathers analysis and opinions from all of the COOs as Asia’s leading wealth players on how they are strategising […]

The post Revealed: What’s keeping private bank COOs up at night appeared first on Asian Private Banker.

Several major asset managers have enacted leadership changes in Asia in recent weeks, while the private banking hiring scene has cooled after a month of departures. Key personnel movements included Ron Lee, Asia head of Private Wealth Management (PWM) and partner at Goldman Sachs, also picking up an additional role of co-head of the client solutions group in Asia Pacific […]

The post Movers & Shakers: Ron Lee balances GSAM job with private banking role appeared first on Asian Private Banker.

In January, several high-profile bankers departed from major private banks in Asia. Meanwhile, US lender Citi looked to streamline its private banking leadership with a new organisational structure. The month’s series of departures began with Deutsche Bank’s North Asia head, Kanas Chan, resigning after holding the role since 2016. The German lender promoted Frederick Fong as her replacement later in […]

The post Movers & Shakers: Industry sees heavyweight departures as Citi rejigs structure, again appeared first on Asian Private Banker.

In 2024, Asia’s private banking sector experienced a significant shake-up, with the sudden departure of several high-profile bankers and restructurings at major lenders. Amid this tumultuous environment, notable players seized the opportunity, embarking on aggressive hiring sprees aiming to expand assets under management (AUM) and strengthen their place in the market. As competition for skilled professionals intensifies and private capital […]

The post Movers & Shakers: Private banks sweep up talent amid reorgs and shock exits appeared first on Asian Private Banker.

In November, Bank of Singapore shook up its leadership structure as one of its senior team announced his retirement. Meanwhile, several private banks lost alternative investment heads, despite the asset class gaining momentum. Among the significant departures last month are HSBC Global Private Banking’s (HSBC GPB)  head of investment and wealth solutions for Southeast Asia, Jeffrey Yap, and Omar Shokur, […]

The post Movers & Shakers: Bank of Singapore shakes up leadership; alts heads depart appeared first on Asian Private Banker.

While the industry was active with high-profile senior private banking talent movement over the summer, October turned relatively cool. However, on the asset management side, there were a significant number of departures and hirings last month. October started with Fidelity International’s head of Southeast Asia and country head for Singapore, Sabrina Gan, departing after spending almost a decade with the […]

The post Movers & Shakers: Top talent depart J.P. Morgan AM and Fidelity International appeared first on Asian Private Banker.

Following a wave of high-profile exits disrupting an otherwise tranquil summer, Asia’s pure-play private banks began ramping up hiring efforts in September. Last month, Julius Baer hired Reto Beurer as a team head for Asia Switzerland from Credit Suisse, where he was a senior relationship manager and head of private banking, South Asia Switzerland. In addition, four new hires were […]

The post Movers & Shakers: Pure plays pick prominent professionals appeared first on Asian Private Banker.

On Tuesday, China’s authorities unveiled a package of measures to boost market sentiment as Asia’s largest economy continues to struggle with weak domestic demand and a drawn-out property market slump. Used to a cautious Beijing, private bank analysts were surprised with the extent of this latest round of measures. However, they still believe the package falls short of the stimulus […]

The post Private banks: Beijing’s stimulus package more aggressive than expected, but still falls short appeared first on Asian Private Banker.

With the upcoming US presidential election, geopolitical flashpoints around the globe and a significant rate cut, private banks and asset managers have been emphasising the need to broaden exposure when moving into the final quarter of 2024. “Yet, all this uncertainty should bring opportunities for investors. Staying nimble will be key as economies move towards a lower growth, lower inflation […]

The post Outlook 4Q24: Private banks, asset managers eye Asian opportunities as global economy slows 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.

Private banking and wealth management AUM in the Philippines saw strong double-digit growth in 2023, outperforming all other domestic markets in Asian Private Banker‘s Asia Markets 2023 League Tables. By the end of 2023, the AUM of private bank and wealth management players in the Philippines totalled US$58 billion, increasing US$12 billion from US$46 billion in 2022. Compared with 2022’s […]

The post APB Insights: Why the Philippines has the fastest-growing AUM among Asian markets appeared first on Asian Private Banker.

Malaysia’s private banking and wealth management industry saw a double-digit percentage increase in AUM in 2023, new data from APB Insights has revealed. The growth is attributed to Islamic wealth management performance and client onboarding, despite negative effects due to currency depreciation. By the end of 2023, Malaysia’s wealth managers and private banks had a combined US$96 billion in AUM […]

The post APB Insights: Islamic wealth management edge propels 13% AUM growth in Malaysia appeared first on Asian Private Banker.

Asian Private Banker is proud to present the launch of its Asia Markets 2023 AUM League Tables which track the growth story of private wealth management in Taiwan, Indonesia, the Philippines, Malaysia, and Thailand. Wednesday marks the launch of our Taiwan, Malaysia and the Philippines data, following the release of our Thailand and Indonesia data on Tuesday. According to our […]

The post APB Insights: Chip boom fuels Taiwan AUM growth despite looming geopolitics appeared first on Asian Private Banker.

Asian Private Banker is proud to present the launch of its Asia Markets 2023 AUM League Tables which track the growth story of private wealth management in Thailand, Taiwan, the Philippines, Malaysia, and Indonesia. Today marks the launch of our Thailand and Indonesia data, with Taiwan, Malaysia and the Philippines to follow on Wednesday this week. In this year’s AUM […]

The post APB Insights: Two-speed Thailand – AUM growth slows for local banks as int’l players make strong gains 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.

Asian Private Banker is delighted to announce the release of its 2023 China Wealth Report together with our AUM League Table for the country’s top 20 private banks. In the latest report, we shed light on the growth story, business highlights, and outlooks of private banks, wealth management firms, and foreign fund houses in China’s evolving wealth landscape. China’s wealth […]

The post APB Insights: China’s private banking AUM growth falls behind Asia Pacific appeared first on Asian Private Banker.

RMs at private banks in Hong Kong earn on average 20% more in terms of base salary than their peers in Singapore, according to new research by Asian Private Banker. The Asian Private Banker Relationship Manager Compensation Report 2023, which polled the views of nearly 150 private bankers across Asia-Pacific’s two key wealth hubs, found that this pay discrepancy becomes […]

The post Revealed: Why Hong Kong RMs earn so much more than Singapore peers appeared first on Asian Private Banker.

India’s private banking and wealth management AUM topped US$500 billion in 2022, thanks to the strong economic backdrop and rising markets that fuelled the wealth industry, APB Insights’ new India 2022 League Table showed. In this year’s league table, the country’s total AUM rose nearly 5%, or US$24 billion, to US$504 billion. In addition, US$51 billion of net new money was […]

The post India’s private banking industry hits US$500bn: Three key takeaways 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.