While Asia’s tier-one private banks celebrate double-digit surges in wealth management fee income, the region’s external asset managers (EAMs) are facing a brutal reality check. Caught between rising operational and talent costs in premium hubs like Singapore and client demands for fee concessions, independent players are finding their profit margins squeezed. To survive, many are taking the fight directly to […]

The post Rising costs, falling fees — Is Asia’s EAM model under pressure? appeared first on Asian Private Banker.

A Greater China market veteran has resurfaced at a new Hong Kong-based multi-family office, just weeks after leaving another player in this space. Kevin King has joined Avenue Family Office as managing director and deputy CEO, according to an update on his personal LinkedIn page. The move by King means he has worked for five different employers in the private […]

The post Veteran China banker King lands at another MFO in latest job move appeared first on Asian Private Banker.

After its recent move to a new office in the Hong Kong Stock Exchange building, Avenue family office (Avenue FO) plans to open a Singapore branch in as early as 1Q2023. Despite market volatility over the past year, the FO has managed to source deals for investors that have generated robust returns. For example, its investment in a  New Zealand […]

The post How one US$1.2bn Hong Kong FO is setting its sights on Singapore appeared first on Asian Private Banker.