China’s private banking AUM crosses RMB 29 trillion Two-speed market reshapes the growth narrative China’s private banking assets under management (AUM) reached another historic high in 2025, driven by an average growth rate of 13%. The latest rankings highlight a market splitting into two speeds, with national titans maintaining their scale and regional powerhouses rewriting the playbook with aggressive expansion […]

The post AUM Tables China 2025 appeared first on Asian Private Banker.

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 […]

The post AUM Tables Asia 2025 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.

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 […]

The post Malaysia Private Banking & Wealth Management AUM appeared first on Asian Private Banker.

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 […]

The post Thailand Private Banking & Wealth Management AUM appeared first on Asian Private Banker.

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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Hong Kong’s private wealth industry is bouncing back to near pre-pandemic levels, with assets under management (AUM) and net fund inflows both experiencing double-digit growth in 2024. This marks a reversal of the sluggish performance in recent years, and Asian Private Banker has taken a deep dive into the trends driving this resurgence. According to the Securities and Futures Commission’s […]

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(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.

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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The definitive salary benchmarking tool for Asian private banking hiring managers   Amid global economic uncertainties, bank restructurings, and hiring sprees in the ever evolving private banking landscape, Asian Private Banker’s Relationship Manager Compensation Report seeks to provide deeper insights into the financial compensation structures for private banking relationship managers based in Hong Kong and Singapore: Yearly base salary Expected […]

The post Private Bank Salaries: Relationship Manager Report appeared first on Asian Private Banker.

Asia’s private banking AUM has surpassed US$3 trillion, according to Asian Private Banker‘s Asia 2024 League Tables, reflecting both the region’s growing wealth and strategic shifts among top players. In one of the most profound moves, Standard Chartered cracked the top five for the first time, showing how fast fortunes can change. The UK-based bank posted an AUM jump of […]

The post Asia 2024 AUM League Tables: AUM hits US$3tn, StanChart enters top five appeared first on Asian Private Banker.

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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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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.

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.

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 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 Arnaud Tellier was named BNP Paribas Wealth Management’s Asia-Pacific co-head in late 2019, the French private bank was on the cusp of a tumultuous period in the region. Just weeks after his appointment, Andy Chai, Tellier’s regional co-head resigned, leaving the Frenchman as sole Asia-Pacific CEO. By early 2020, COVID-19 had barrelled through the region, upending many industry leaders’ […]

The post After a record year, BNP Paribas WM’s Arnaud Tellier is just getting started 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.

Credit Suisse summed up its tough 2021 with a pre-tax loss of CHF 1.6 billion in 4Q21. The bank’s Asia wealth management business managed to deliver US$1 billion in pre-tax income for the full year but still suffered US$3.2 billion net outflows while net revenue was down 32% YoY in 4Q21. “2021 was a challenging year for Credit Suisse. Our […]

The post Credit Suisse APAC WM sees US$3.2 billion net outflows in 4Q21, net revenue down 32% YoY appeared first on Asian Private Banker.

After overseeing a more than doubling of Union Bancaire Privée’s (UBP) AUM in Asia over the last five years, Michael Blake is targeting discretionary portfolio management (DPM), private markets and China onshore for the next phase of growth at the Swiss pure-play. UBP, whose bread and butter is serving UHNWIs and family offices from its offshore hubs in Singapore and […]

The post Wealth management in China is a “golden opportunity”: UBP’s Michael Blake appeared first on Asian Private Banker.

Asian Private Banker’s latest India 2020 Private Banking AUM league tables reveal that while only four foreign firms made it into India’s top 20 private banks and wealth managers in terms of AUM size, half of the top 10 players are foreign firms in terms of AUM per RM. In terms of AUM per RM, two foreign banks — Standard […]

The post Foreign banks still beat domestic India peers in RM productivity appeared first on Asian Private Banker.

Asian Private Banker’s latest China 2020 Private Banking AUM league tables show that mainland China’s top 20 private banks expanded their combined AUM to RMB 15.6 trillion (US$2.42trillion) in 2020, an increase of 22% YoY and the largest annual percentage jump since 2015. In terms of bank types, joint-stock banks posted the largest increase in average AUM, followed by city commercial […]

The post China joint-stock banks record strongest gain in average AUM in 2020 appeared first on Asian Private Banker.

Private banks’ AUM per RM in Asia recorded notable growth in 2020 — with but one exception — increasing by an average 8.8% YoY. For many international banks with a universal banking model, their Asia AUM per RM was significantly higher than the global equivalent. Asian Private Banker’s Asia 2020 Private Banking RM headcount and AUM per RM league tables […]

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Deutsche Bank has reported its quarterly results for the first time since the roll-out of its new International Private Bank structure. 3Q20 private bank revenue stabilised at previous-year levels. Assets under management (AUM) grew — albeit at a small margin — thanks to a higher inflow from investment products. The German lender’s private banking business reported net revenue of €2 […]

The post DB IPB revenue flat in 3Q20, net inflow mostly driven by investment products appeared first on Asian Private Banker.

Julius Baer has recorded a marked rise in profitability and assets under management for the first nine months of the year, the private bank said today in an interim results announcement. The announcement gives an optimistic overview of Julius Baer’s 3Q20 performance on a group level, with reduced cost-income ratio coming down and better profitability, as well as considerable inflow […]

The post Profitability up, AUM recovers at Julius Baer appeared first on Asian Private Banker.

In almost all top 20 private banks in Asia, AUM generated per RM rose in 2019 on the back of more selective hiring and greater use of digital tools. The Asia 2019 AUM League Table and Asia 2019 RM Headcount League Table released by Asian Private Banker on Wednesday showed a 16% increase in the average AUM per RM at […]

The post AUM per RM up thanks to strategic hiring and greater digitalisation appeared first on Asian Private Banker.

Bank of Singapore has recorded an AUM growth of 15% YoY, while 4Q19 net profit at its parent group OCBC jumped 34% YoY, according to FY19 results released today. Despite a slight drop in its AUM in Q319, BoS made a leap in 4Q19, growing its AUM from US$110 billion to US$117 billion. The resilient performance was driven by sustained net […]

The post Bank of Singapore AUM expands 15% YoY as OCBC books record full-year profit appeared first on Asian Private Banker.

Hong Kong’s private banking and private wealth management industry saw a 2% drop in client assets in 2018, according to the SFC’s annual Asset and Wealth Management Activities Survey report, released on Friday. Combined assets declined to HK$7,624 billion despite net fund inflows of HK$379 billion. The SFC said respondents generally attributed the decline to weaker market performance at the […]

The post Hong Kong’s PB, PWM AUM declined in 2018: SFC appeared first on Asian Private Banker.

Capital Group’s Asian AUM has grown to US$20 billion from US$13 billion over the past 18 months, with the private banking channel, the group’s fastest-growing segment, having dominated the asset growth, the asset manager told Asian Private Banker. According to Grant Leon, managing director of financial intermediaries for Europe and Asia at Capital Group, globally, the firm manages US$1.8 trillion in […]

The post Asian PBs dominate Capital Group’s US$7 billion net asset inflow over 18 months appeared first on Asian Private Banker.

The private banking and private wealth management industry in Hong Kong accounted for HK$7.8 trillion in assets under management (AUM) at 2017 year-end, the Securities and Futures Commission (SFC) detailed today in its annual Asset and Wealth Management Activities Survey. Some 81% — which translates to HK$6.3 trillion — of AUM within the local private wealth management business is managed […]

The post HK’s private wealth AUM reached HK$7.8 trillion in 2017: SFC appeared first on Asian Private Banker.

Assets under management (AUM) at China’s largest private banks continue to grow at a double-digit rate, carried by Chinese HNW clients’ robust asset generation. However, the industry’s growth in 2017 was visibly moderated compared to previous years, as Chinese regulators stepped up regulatory tightening on banks’ wealth management activities in the second half of last year, including a ban on […]

The post AUM growth slows for China’s biggest private banks appeared first on Asian Private Banker.

The Chinese securities brokerage industry has seen its asset under management (AUM) level dip for the first time in six years, in 2017, amidst the government’s deleveraging drive, according to the latest data published by the Asset Management Association of China (AMAC) this week. The AMAC data showed that the industry lost 11.7% of their AUM in the 12 months […]

The post Chinese brokerages’ AUM down for the first time in six years appeared first on Asian Private Banker.

J. Safra Sarasin’s chairman Ilan Hayim, commenting on the bank’s 2017 financial results released today, attributed the business’s consistent growth across key indicators, including a 14% YoY jump in assets under management (AUM), to “strong operating efficiencies and the investments made in recent years”. In Asia, AUM growth was even more pronounced, with client assets rising almost 20% YoY to CHF 18.7 […]

The post J. Safra Sarasin’s Asia AUM rises 20% appeared first on Asian Private Banker.

Bank of Singapore has reached the US$100 billion AUM milestone two years ahead of a target set by Bahren Shaari, the private bank’s CEO. Shaari told media in 2016 that Bank of Singapore was “aiming to amass at least” US$100 billion (S$137 billion) in client assets by 2020. The wealth manager rounded out 2016 with US$79 billion.  Earlier today, Shaari […]

The post Bank of Singapore achieves US$100 billion AUM milestone two years ahead of target appeared first on Asian Private Banker.

Assets under management (AUM) from UOB wealth management segment, including private bank and Privilege Reserve, grew by 11.8% YoY in 2017, according to the bank’s year-end results, announced today. Overall the wealth management AUM hit S$104 billion, while high net worth-specific income hit S$513 million (+35% YoY) for the full year. The wealth management division also notched up a 36% YoY […]

The post UOB’s WM business crosses S$100 billion AUM threshold appeared first on Asian Private Banker.

China’s Top 10 domestic private banking institutions collectively managed RMB 7.5 trillion (US$1.1 trillion) in client assets at the end of 2016, after growing their combined AUM by 21.9% YoY, according to exclusive data from Asian Private Banker. Over the next two weeks, Asian Private Banker will feature exclusive insights into China’s private banking and wealth management scene, headlined by […]

The post China’s Top 10 private banks grow AUM by 21.9% to RMB 7.5 trillion in 2016 appeared first on Asian Private Banker.

Relationship managers (RMs) who move from one private bank to another are expected to bring with them 20% of their existing books within a year of joining, industry experts tell Asian Private Banker, noting that this is “not an easy task” given strict regulations and lengthy onboarding processes. “Experienced RMs are expected to be on the job and running from […]

The post RMs who switch private banks expected to shift across 20% of their books: expert appeared first on Asian Private Banker.

Last year, US$30-35 billion in AUM was widely seen as the “magic number” needed to run a sustainable private banking business in Asia. Industry leaders speaking to Asian Private Banker cited more onerous capital requirements, regulatory tightening around KYC and AML and fickle transactional revenues as inhibitors of profitability and a primary reason why the previous AUM threshold of US$10-15 billion has risen so […]

The post Are AUM survival thresholds more myth than reality? appeared first on Asian Private Banker.

Domestic firms continue to dominate the private wealth market in India, where the top 20 private banks and wealth managers collectively manage just 12.9% of the country’s high net worth wealth, according to Asian Private Banker’s India 2016 AUM League Table. The 13 domestic wealth managers on the top 20 table manage a combined US$65.7 billion – nearly two-thirds of […]

The post Domestic players dominate India’s US$102.6 billion wealth management sector appeared first on Asian Private Banker.

New global tax laws aimed at improving compliance and transparency will prompt clients in the Asia Pacific to withdraw US$520 billion from offshore accounts in coming years, according to a report by Oliver Wyman and Deutsche Bank. Globally, US$1.1 trillion worth of assets under management (AUM) will flow out of offshore accounts as a result of “the second regularisation wave”, […]

The post APAC client assets to drain from offshore centres amid tax compliance push, says report appeared first on Asian Private Banker.

RBC’s international wealth management business grew assets under management (AUM) by 4.3% YoY and 7.9% QoQ, following two consecutive quarters of declines, according to the bank’s quarterly earnings released on Thursday. The Canadian lender’s international wealth management unit – which includes Asia and the British Isles – had C$9.6 billion in AUM at the end of the second quarter through […]

The post RBC’s international wealth management AUM up 4.3% YoY appeared first on Asian Private Banker.

Bank of Singapore grew its assets under management (AUM) by US$6 billion QoQ, or 7%, to US$85 billion in the first quarter through March, parent company OCBC Bank reported in its first quarter results on Tuesday. AUM was 49% higher than a year before partly thanks to Bank of Singapore’s acquisition of Barclays’ wealth and investment management business in Singapore […]

The post Bank of Singapore grows AUM by US$6 billion QoQ in first quarter appeared first on Asian Private Banker.

UBS Wealth Management’s Asia Pacific head, Edmund Koh, said today that the private bank will sharpen its focus on the key markets of China, Japan and Taiwan, as well as regional hubs, Hong Kong and Singapore. In a media release, Koh pointed out that the private bank, which has exceeded CHF 300 billion in invested assets in APAC for the […]

The post Ed Koh: UBS WM to “consolidate growth” in APAC by focusing on 5 key markets appeared first on Asian Private Banker.

HSBC Private Bank increased its assets under management (AUM) in Asia by US$3 billion (YoY and QoQ) to US$111 billion in the first quarter through March, citing net new money inflows into Hong Kong. The UK lender said on Thursday that its global private banking profits fell from a year before as adjusted revenue declined by 8% to US$415 million, […]

The post HSBC PB sees slight increase in Asia AUM on inflows into HK appeared first on Asian Private Banker.

The success of UBS Wealth Management’s Asia Pacific business, particularly in the UHNW segment, derived from the strength of the bank’s investment banking unit, UBS’ global CEO Sergio Ermotti said in a conference call for the bank’s first quarter earnings. UBS Wealth Management’s Asia business had a positive start to the year, with AUM growing by 6.5% quarter on quarter […]

The post UBS WM owes its “dominance” in Asia and the UHNW space to its IB, says group CEO Sergio Ermotti appeared first on Asian Private Banker.

While it is widely accepted that private banks need scale in order to cope with rising compliance costs, a look at the fastest growers in Asia suggests that acquisitions are not the only source of meaningful growth. Organic versus inorganic In recent years, the private banking industry has seen a number of acquisitions, with particular emphasis having been placed on buying businesses […]

The post Buy or die for private banks? Not necessarily appeared first on Asian Private Banker.

We asked the Asian Private Banker community which bank will make their inaugural appearance on our annual AUM & RM League Tables. We were inundated with responses – some more considered than others – but one dominant perspective was that a Chinese private bank will debut this year.  Most popular guesses for new comers Source: Asian Private Banker China Merchants […]

The post We asked you which bank will make its debut on our AUM League Table. Here’s what you said. appeared first on Asian Private Banker.

Bank of China (Hong Kong) (BOCHK) significantly increased its assets under management (AUM) and client numbers in its private banking business in 2016, the group announced last Friday. The bank’s private banking arm increased its average AUM by over 50% in 2016, while loans lept by 70% and client numbers rose by over 40%. BOCHK reported that its profit attributable […]

The post BOCHK PB AUM up by over 50% appeared first on Asian Private Banker.

J. Safra Sarasin’s Asia assets under management (AUM) remained flat in 2016, year-on-year while headcount for the bank’s entire operations in Asia rose slightly, according to the bank’s latest earnings report. The Swiss private bank’s AUM in Asia was CHF15.6 billion in December 2016, up slightly from CHF15.3 billion in December 2015. This accounts for 10.5% of the bank’s overall […]

The post J. Safra Sarasin’s Asia AUM flat YoY, hiring up appeared first on Asian Private Banker.

Asia’s independent asset management (IAM) industry, while pegged to account as much as US$60 billion in AUM in the next 5-10 years, will also face consolidation, says managing director and founding partner of Avenue Asset Management, Richard Hu. “In the future, large IAMs will only grow larger while smaller ones will be acquired,” Hu tells Asian Private Banker, pointing to parallels between Asia’s IAM […]

The post Avenue Asset Management: IAM industry faces consolidation appeared first on Asian Private Banker.

Noah Holdings has seen its wealth management operating income jump 22.8% YoY to RMB143.1 million (US$20.78 million), accounting for 88.1% of overall group income. Net revenues for wealth management arm were also up (+27.1% YoY), totalling RMB474.6 millions (US$68.91 million). By the end of Q3, Noah – China’s largest independent wealth manager – had 130,491 registered clients, up 13.6% QoQ or 47.2% YoY. […]

The post Noah posts solid Q3 WM profits appeared first on Asian Private Banker.

Julius Baer’s assets under management (AUM) reached a record high at the end of October 2016 on the back of net new money inflows, positive market performance and consolidation following the acquisitions of Kairos Investment Management and Commerzbank International SA Luxembourg (CISAL). Total AUM reached a group record CHF327 billion –  up CHF27 billion (9%) YTD, underpinned by an annualised […]

The post Julius Baer’s AUM total reaches new high appeared first on Asian Private Banker.

Credit Suisse Private Banking has seen further growth in its Asia assets under management, reaching a record high at the end of Q3, according to the bank’s latest financial statement. Strong net new money flows (+CHF4.6 billion) pushed the private bank’s Asia AUM to a record CHF169 billion (US$173.7 billion) – an increase of 21.58% on the previous year (+6.75% […]

The post Credit Suisse PB’s Asia AUM reach record high appeared first on Asian Private Banker.

Bank of Singapore will need to grow its assets under management (AUM) by a further 18% if it is to meet its year-end and post-Barclays WIM integration target of US$73.3 billion. Yesterday, Bank of Singapore revealed that its client assets total US$62 billion, an increase of US$1 billion on the previous quarter and up 20% in yearly terms. However, a […]

The post Bank of Singapore must increase its AUM by 18% to reach year-end target appeared first on Asian Private Banker.

The ten largest wealth managers in India by client assets currently manage a little over 9%, or US$56.9 billion, of the nation’s total HNW wealth of US$600 billion, according to Asian Private Banker’s inaugural India onshore league table. Of India’s Top 10 Wealth Managers by assets under management (AUM) and relationship manager (RM) headcount for 2016, four are domestic and […]

The post India’s Top 10 wealth managers by AUM & RM headcount 2016 appeared first on Asian Private Banker.

Assets under management for BNP Paribas’ global wealth management (WM) business rose by less than 2% over the year’s second quarter, according to the bank’s most recent financial report. Client assets at the French private bank experienced a slight quarter-on-quarter (QOQ) increase, from €325 billion (US$373 billion) to €331 billion (US$367 billion at the time of publishing). The bank added that […]

The post BNP Paribas WM posts marginal AUM growth appeared first on Asian Private Banker.

After a turbulent start to the year that saw a slight dip in assets under management (AUM), Credit Suisse Private Banking bounced back in the second quarter, posting a 5.8% increase in its Asia AUM. The Swiss lender’s Asia unit has CHF158.3 billion (US$160.9 billion) in AUM, a 5.8% quarter-on-quarter increase, and added CHF5 billion (US$ 5.1 billion) in net […]

The post Credit Suisse PB’s Asia AUM and RM headcount up for Q2 appeared first on Asian Private Banker.

Bank of Singapore, the private banking arm of OCBC, has grown its assets under management (AUM) by 11% to US$61 billion since the end of 2015.  Operating profits for the consumer and private banking business segment (OCBC clubs both divisions together for the purpose of reporting and does not provide a breakdown) were also up by 9% to S$526 million […]

The post Bank of Singapore AUM jumps 11% appeared first on Asian Private Banker.

Asia’s assets under management (AUM) growth is likely to decelerate over next five years, according to recently released industry figures. The report, published by Oliver Wyman and co-authored with Deutsche Bank Research, predicts the CAGR for Asia’s (HNW) banked wealth pool compound annual growth rate to drop by 2 percentage points to 6% per annum. Asian Private Banker foresaw this […]

The post Asia’s AUM growth pegged to wane appeared first on Asian Private Banker.

It is already widely known that assets under management (AUM) growth for Asia’s top 20 private banks ground to standstill in 2015, as revealed by Asian Private Banker’s annual AUM League Table published in April this year; but this trend is also pervasive at the global level, with the world’s top 25 banks recording an average year-on-year (YOY) drop of […]

The post Global AUM slip, but Asia’s PBs increase their share – marginally appeared first on Asian Private Banker.

It is all too easy to get excited when a private bank hires or fires en masse, and even more so when that bank is an industry giant like UBS. So when UBS Wealth Management (WM) last month culled a number of staff from its Singapore and Hong Kong offices, the clamour was intense. After all, this is the bank […]

The post There’s rhyme and reason behind UBS staff cuts, so expect others to follow suit appeared first on Asian Private Banker.

Nomura Wealth Management has aggressive ambitions for its business in region, with the Japanese lender targeting client assets growth of 15-20% over the next two-to-three years. “We have grown 20%, in terms of AUM (assets under management) growth,” said Amanda Chen, deputy head of wealth management division for Asia ex-Japan.Chen, speaking at a wealth management summit in Singapore. “I hope to maintain […]

The post Nomura WM targeting 15-20% AUM growth in 2-3 years appeared first on Asian Private Banker.

Bank Julius Baer has shrugged off any negative impact stemming the Swiss franc’s gain against the dollar and the pound, recording a 2% rise in global assets under management (AUM) for the first four months of 2016. As of the end of April 2016, AUM stood at CHF 305 billion (US$308.9 billion), according to the bank’s latest interim management statement. […]

The post Julius Baer AUM rise 2%, 30 RMs added in four months appeared first on Asian Private Banker.

Against a backdrop of “unfavourable market conditions”, BNP Paribas Wealth Management saw its global assets under management (AUM) drop by 2.3% year-on-year (YOY).    Client assets at the French private bank fell to €325 billion (US$373 billion), down from €332 billion (US$382 billion) in the first quarter of last year. This was off the back of global market volatility and a […]

The post BNP Paribas WM’s AUM drop 2.3% appeared first on Asian Private Banker.

Net new money inflows for the first quarter of 2016 reached record levels at UBS Wealth Management (WM), with the Swiss lender taking in CHF29 billion (US$30.6 billion) since the start of the year – the most since 2008 – according to the bank’s latest financial results. UBS WM’s Asia Pacific business accounted for just over 30% of the global […]

The post UBS WM net new money inflows reach record high, APAC brings in US$9.3B appeared first on Asian Private Banker.

Despite weak investment appetite from its customers in the first quarter, Bank of Singapore (BoS) posted a 3.6% increase, quarter-on-quarter, for assets under management (AUM), bringing the private bank’s total to US$57 billion, according BoS’ latest financial results.  OCBC, BoS’ parent company, which groups together its private banking and global consumer banking businesses, posted a 16% increase in operating profit, […]

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Nearly 80% of respondents to a weekly Asian Private Banker poll believe that a ‘director’ at a private bank should be managing US$100-300 million in assets, with a slight majority of this group further narrowing this to the US$100-200 million range. Another 19% of respondents to the online On-the-Spot survey were more ambitious, indicating that private bank ‘directors’ should manage average […]

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Despite economic volatility, varying monetary policy effects and negative currency effects in 2015, LGT posted positive earnings for 2015, with its global assets under management (AUM) rising by 2.7% to CHF 132.2 billion (US$135.6 billion). The Liechtenstein-headquartered bank saw its group profits, which includes its private banking and asset management divisions, rise by 27.9% to CHF 211 million from CHF […]

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The number of EFG client relationship officers (CROs) increased by 5% in 2015 and the Swiss pure play has laid out plans to boost its headcount in 2016 following its move to buy fellow private bank BSI. EFG’s CRO headcount grew to 462 at end-2015, according to the latest financial results, with “good momentum in second half (66 hires) and a […]

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Singaporean lender DBS posted positive earnings with its wealth management (WM) segment, with this income jumping by 29% in 2015 year on year, while assets under management (AUM) also rose by 9%. DBS’ wealth management division, which includes its Treasures, Treasures Private Clients and Private Bank tiers, recorded income and AUM highs as a strong first half of 2015 more than […]

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Bank of Singapore’s (BOS) assets under management (AUM) increased 7% year-on-year, despite volatile macroeconomic conditions and high overheads resulting from tightened regulations, its latest earnings report read. The Singaporean private bank’s AUM reached US$55 billion at end-2015. Its earnings asset base, which includes loans, rose by 5% to US$68 billion. Wealth management income from BOS’ parent OCBC group – which […]

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Boosted by positive inflows from Asia, Switzerland and the European Union, Geneva-based Pictet posted a revenue income rise of 3% in 2015, while consolidated net profit fell by 2%, according to its latest earnings release. Operating income rose to CHF2.1 billion (US$2.1 billion), Pictet added. In addition, assets under management (AUM), under its asset management and wealth management divisions, also upped […]

The post Pictet profits fall by 2%, income up by 3% year-on-year appeared first on Asian Private Banker.

Boosted by the gradual return to growth in Europe and strong inflows from Asia, BNP Paribas Wealth Management’s global assets under management (AUM) stood at 327 billion euros (US$366 billion), a 3% rise from 318 billion euros (US$349 billion) as reported in the third quarter. BNP Paribas groups the WM arm together with its asset management and insurance businesses. AUMs for […]

The post BNP Paribas WM AUMs up 3% from Q3 appeared first on Asian Private Banker.

Assets under management (AUM) for Credit Suisse Private Banking in the region was relatively unchanged at CHF150.4 billion (US$149.5 billion) in 2015 over the previous year, with pre-tax income rising by 11% year-on-year to CHF344 million (US$342 million), the group’s full-year financial results showed. The number of relationship managers in Asia also increased to 590 from 520 in 2014, with the bank aiming […]

The post Credit Suisse Private Banking Asia AUM flat, income up 11% in 2015 appeared first on Asian Private Banker.

Amid global market turmoil, high regulatory and litigation costs, and the exit of its Australian business, UBS Wealth Management’s (WM) Asia division posted in 2015 a slight drop in assets under management (AUM) and relationship manager (RM) headcount. AUM in Asia stood at US$266.8 billion as at end-2015, a 1.9% year-on-year drop from US$272 billion in 2014. The Swiss major’s […]

The post UBS WM Asia AUM drops by almost 2% YoY appeared first on Asian Private Banker.

Boosted by the acquisition of Coutts International, Union Bancaire Privee (UBP) saw its assets under management (AUM) rise by 11.5% to CHF110 billion (US$108 billion) in 2015 over the previous year. While the strong Swiss franc impacted the pure play’s operating results, which reached CHF152 million (US$149 million), AUM jumped as result of inflows from institutional clients and those coming […]

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Despite a negative currency impact, global assets under management (AUM) for Julius Baer grew by 3% to CHF 300 billion (US$293 billion), according to the latest 2015 full-year results. The Swiss pure play saw its AUM grow to CFH 300 billion (US$293 billion) and its underlying profit improve by 20% to CHF 701 million. Commenting on the bank’s strong performance, […]

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This article first appeared in Issue 93 of Asian Private Banker’s monthly print magazine, published in the first week of November 2015. Which are the largest investment banks in the world? Simple question and one that consistently begets a simple answer – there is a clear winner, one that demonstrates the largest share of revenues or deals on the league table – followed by one […]

The post The Scoop: Buy or die appeared first on Asian Private Banker.

Vontobel Wealth Management (WM) is planning for a robust 2016 in Asia and the Swiss pure play aims to double its assets under management (AUM) in the region in the next four years, its Hong Kong-based Asia CEO tells Asian Private Banker. “China is one of our main market focus as its economic development and rapid wealth creation point to great […]

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Bank of China Hong Kong (BOCHK) is looking to tap the growing private banking business in Asia by boosting its assets under management (AUM) in the next three years. The Hong Kong-headquartered private bank is aiming to manage US$60-70 billion worth of assets in the region, says Wendy Tsang, general manager of BOCHK private banking. The operations will target Chinese HNWIs to […]

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Bank of Singapore (BoS) has set out that half of the growth in net new money (NNM) in the last five years has come from referrals from its parent group OCBC. This mirrors a global aim among banks to grow via cross-pollination of business between their retail, investment and private wealth arms. “We have a very strong partnership with our OCBC […]

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Almost a third of family offices in a global poll have no risk management procedure or controls for family reputation, even as average operating costs rise to 1% of assets under management (AUM). The Global Family Office Report 2015 by Campden Wealth Research and UBS notes that 32% of family offices worldwide have no procedures or controls for family reputation. “Though […]

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Despite the impact of foreign exchange and negative interest rates, Lombard Odier’s revenue rose by 6% in second quarter year on year. The Swiss boutique bank saw topline hit US$580 million due to robust client activity. Profit also rose 12% year-on-year to US$72.8 million. “We achieved a strong financial performance in the first half of 2015 despite a difficult market […]

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OCBC’s private banking business Bank of Singapore (BoS) posted positive earnings in the first half of the year, with assets under management (AUM) growing 6% year on year. BoS’s AUM base grew to US$54 billion from US$51 billion a year ago, bolstering OCBC’s overall wealth management income. This spans its insurance, private banking, asset management, stockbroking and other wealth management products. […]

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The private banking arm of UBS in Asia grew its assets under management (AUM) by 15% year-on-year in Q2 2015, even as its relationship manager (RM) headcount fell marginally by 2%, said its latest quarterly report. UBS Wealth Management’s Asia AUM stood at US$284.9 billion in the second quarter of 2015 marking a 15% year-on-year growth, on par with rival […]

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