After setting new wealth fees and AUM highs in 2025, Singapore’s Big Three saw sustained momentum in 1Q26. DBS saw yet another record in wealth income and fees, with double-digit AUM growth, while Bank of Singapore saw wealth fees grow 34% YoY amid the acquisition of HSBC’s wealth business in Indonesia. UOB saw its wealth AUM increase 5% YoY on […]

The post Singapore’s Big Three capture sustained fee momentum in 1Q26 appeared first on Asian Private Banker.

Taiwan’s family office landscape is becoming increasingly sophisticated as rapid technological development and a changing global regulatory environment drive ultra and high net worth clients to rethink their wealth preservation strategies. Speaking at Asian Private Banker’s inaugural Taipei Global Wealth Summit last week, industry experts highlighted the defining trends for family offices as the government intensifies its efforts to establish […]

The post TGWS 2026: Taiwan FOs double down on AI, risk management as wealth hub race intensifies 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.

Two senior executives have left DBS Private Bank in Hong Kong, Asian Private Banker has learnt.  Gloria Sun, a senior market head in the bank’s North Asia team in Hong Kong, has recently resigned, sources told APB. Separately, Daryl Wong, another Hong Kong-based senior market head covering the Greater China market, has left the bank. His license relating to his […]

The post Two senior market heads depart DBS Private Bank in Hong Kong appeared first on Asian Private Banker.

The market head for Thailand and the Philippines at DBS Private Bank is set to depart the Singapore-based lender, Asian Private Banker has learnt. Edwin Tan has resigned from DBS Private Bank, with the bank confirming his departure. Tan has over two decades of experience in wealth management and private banking. He joined DBS Private Bank in 2024 from UBS, […]

The post DBS Private Bank’s Thailand and Philippines market head resigns appeared first on Asian Private Banker.

The head of funds at DBS Private Bank has left the bank after a nearly nine-year tenure, Asian Private Banker has learnt. John Ng recently departed the Singapore-headquartered lender. Ng is currently on ‘gardening leave’ and will be joining another financial institution later this year, sources familiar with the matter told APB. A spokesperson for DBS confirmed Ng’s resignation to […]

The post DBS Private Bank’s head of funds departs appeared first on Asian Private Banker.

Asian Private Banker recognised leaders in Asia’s private banking and wealth management industries for their exceptional achievements at a glittering awards ceremony last night.  Over 270 guests attended the gala dinner on the top floor of The Henderson, a landmark in Hong Kong’s Central district, including private banking leadership from the likes of Julius Baer, Bank of Singapore, HSBC Private […]

The post Awards for Distinction 2025: Highlights from APB’s glittering gala dinner appeared first on Asian Private Banker.

Singapore’s banking giants have transformed a volatile 2025 into a strong year for fee generation, with DBS and OCBC’s Bank of Singapore hitting all-time highs in wealth income. These results come as other wealth management players in the region also reported strong earnings. Standard Chartered’s wealth business delivered record wealth solutions income in 2025, while UBS Global Wealth Management saw […]

The post Singapore’s big three break wealth fees and AUM records appeared first on Asian Private Banker.

After more than 26,000 votes, Asian Private Banker‘s readers have made up their minds on the private banks and asset managers with the best red packets in the Year of the Horse. Here, APB presents the winners of this year’s private banking and asset management poll, along with the messages and meanings represented in the winning designs. Julius Baer once […]

The post Revealed: These are the best red packets in the Year of the Horse appeared first on Asian Private Banker.

Galloping into the Year of the Fire Horse, the race continues among private banks and asset managers to see who can distribute the most spectacular red packets to clients. More than just traditional gifts for family and friends, these laisee, or hongbao, have morphed into cult collectables, often trading on secondary markets for prices that rival the currency inside. Horses […]

The post Vote now: Who has the best red packets in Year of the Horse? appeared first on Asian Private Banker.

DBS Group Holdings’ chief executive officer, Tan Su Shan, is steering Southeast Asia’s largest lender towards becoming an “AI-enabled bank with a heart,” emphasising the value of genuine human experience in private banking even as disruptive technologies reshape the industry. “2026 will be the year that the AI revolution becomes fairly obvious. We’ll have to rethink how we remake our […]

The post “AI-enabled bank with a heart”: DBS CEO on preserving human touch in private banking 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.

The dominance of Singapore’s big three banks in the region, DBS, OCBC, and UOB, continued in the third quarter of this year, with the trio hitting new highs in assets under management (AUM) and recording double-digit fee growth across the board. This is according to the banks’ latest earnings reports, with DBS seeing record wealth income and AUM. Bank of […]

The post Fee frenzy: Singapore’s big three hit record wealth highs appeared first on Asian Private Banker.

Southeast Asia’s private banks have been experiencing strong inflows and sustained growth momentum, according to private banking leaders at the APB Summit 2025 in Singapore today. The panel discussion, Business highlights: Progress in Singapore’s private wealth business revealed private banking trends in the region, differentiation strategies, and future industry challenges identified by private banking CEOs. International corridors supporting flows At […]

The post APB Summit 2025: Flows, edge, concerns – UBS, Julius Baer, BOS, DBS share insights appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) is on track to double the assets under management (AUM) for its multi-family office (MFO) solution that offers an alternative way for ultra high net worth (UHNW) families to manage wealth in Singapore. The DBS Multi Family Office Foundry VCC (DBS MFO), launched in 2023, has achieved S$1 billion  (US$780 million) in AUM, according to […]

The post DBS PB “on track” to double VCC AUM appeared first on Asian Private Banker.

DBS Bank is advising clients to maintain portfolio diversification while adding selective exposure to emerging market assets to ride on potential Fed Reserve policy easing and the ensuing dollar weakness. The S&P 500 hit four record highs this month amid optimism on the development of artificial intelligence and anticipated interest rate cuts. Hou Wey Fook, the Singaporean bank’s chief investment […]

The post DBS CIO eyes EM upside on Fed cuts amid 32% valuation gap; further melt-up probability high appeared first on Asian Private Banker.

Singapore’s big three banks, DBS, OCBC, and UOB, recorded growth in their wealth management AUM alongside increased wealth management income for 1H25. According to the latest earnings reports, DBS’s wealth management AUM rose 12% year-on-year (YoY), while wealth income grew 8% YoY. OCBC recorded an 11% YoY increase in wealth management AUM, with wealth income up 4% YoY. UOB saw […]

The post Singapore banks post wealth AUM growth with income gains appeared first on Asian Private Banker.

A senior investment advisory head at DBS Private Bank Hong Kong has recently resigned from the bank and is set to join Standard Chartered, Asian Private Banker understands. Peter Horng, managing director, head of investment products & advisory for DBS Private Bank and Treasures Private Client (TPC) in Hong Kong, is set to part ways with the bank after just […]

The post DBS Hong Kong head of investment and advisory switches to StanChart appeared first on Asian Private Banker.

Private banks across Asia Pacific have resumed hiring in full force. However, unlike the boom-and-bust cycles of previous expansions when many banks set out aggressive hiring targets, this time around, the keywords are “selectively” and “discreet”. One common sentiment headhunters in the region shared with Asian Private Banker is the distinct lack of team moves. Team moves typically involve a […]

The post Full force or fine-tuned? Asia’s private banks rethink hiring appeared first on Asian Private Banker.

DBS Private Bank has entered into an agreement with Hamilton Lane to offer a private assets solution to the bank’s ultra high net worth and family office clients. The solution, Private Assets Tailored by Hamilton Lane (PATH), enables qualified investors to curate a diversified portfolio of private market funds spanning private equity, credit, infrastructure, and real estate, the firms said […]

The post DBS PB and Hamilton Lane give the ultra rich a private edge appeared first on Asian Private Banker.

Singaporean giant DBS has appointed a veteran banker as head of private banking for the Middle East & Africa (MEA). Loic Voide will take up the role of head of private banking MEA at the start of August, DBS said in a statement on Monday. He will relocate to Dubai for the newly created role. Reporting to Vikas Jaidka, region […]

The post DBS names head of private banking for Middle East & Africa appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) aims to expand its headcount in North Asia, targeting 40 new relationship managers (RMs) in 2025, and continuing its strong growth momentum in Hong Kong following its hiring push last year. The bank’s asset under management (AUM) in the city increased by 20% while net new money surged by 130% year-on-year in the first five […]

The post DBS PB hits 130% NNM in Hong Kong, targets 40 RM hires appeared first on Asian Private Banker.

As far as CEO tenures go, Piyush Gupta must rank up there with J.P. Morgan’s Jamie Dimon in terms of turning around a financial behemoth. In his 16 years at the helm of Singapore’s DBS, the veteran banker has overseen an approximately fourfold increase in the lender’s share price, as well as a substantial rise in return on equity that […]

The post Bottom Line: New DBS CEO Tan Su Shan faces big challenges appeared first on Asian Private Banker.

Discretionary portfolio management (DPM) is gaining momentum at private banks like DBS and UBP, but scaling adoption remains a challenge. Innovation is critical to driving inflows, especially amid shifting client preferences in risk tolerance, asset allocation, and return expectations, factors further complicated by macroeconomic and geopolitical uncertainties. At Asian Private Banker’s DPM 2025 Leaders Conversation in Singapore, industry leaders shared […]

The post DPMLC 2025: DBS and UBP’s DPM tactics for 2025  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.

DBS has partnered with Stewart Investors to distribute the latter’s active, long-only Asia Pacific focused strategy, as the Singapore private bank sees rising demand for diversification. The Asia Pacific Leaders strategy, launched by Stewart Investors in 2003, is expanding to accredited and retail investors in Singapore for the first time through DBS Private Bank and consumer banking channels, according to […]

The post DBS Private Bank adds APAC equity strategy from Stewart Investors appeared first on Asian Private Banker.

Over 250 attendees from Asia’s private banking and wealth management sector gathered to honour the recipients of Asian Private Banker’s Awards for Distinction 2024 during an exquisite gala dinner held at The Henderson in Hong Kong’s Central district on Thursday evening. Below are some select photo highlights of the evening:

The post Awards for Distinction 2024: Photo highlights from our gala dinner appeared first on Asian Private Banker.

The leading lights of Asia’s private banking and wealth industries celebrated the winners of Asian Private Banker‘s Awards for Distinction 2024 at a glittering gala dinner in Hong Kong. More than 250 guests were in attendance at the awards ceremony at the state-of-the-art The Henderson venue in the city’s Central district, including the regional CEOs of private banking heavyweights UBS […]

The post Awards for Distinction 2024 gala dinner celebrated in Hong Kong appeared first on Asian Private Banker.

How does private equity appetite vary by region? What barriers limit access? How are evergreen funds and listed PE products reshaping participation? Beyond performance, what matters most in selecting a PE manager? These were key topics at Asian Private Banker’s Alternatives in Focus 2025 event in Singapore. Private equity allocations remain lower in Asia than in the US, as private […]

The post Alts in Focus 2025: How are Asia’s wealth clients navigating private equity? appeared first on Asian Private Banker.

Thailand is rapidly becoming one of private banking’s most exciting onshore markets in Asia, with domestic players bulking up their global and private markets product shelves, while their international counterparts seek to scoop up the best front office talent. On a trip to Bangkok earlier this month, this editor caught up with the majority of local and international players operating […]

The post Bottom Line: Thailand’s onshore PB race hots up appeared first on Asian Private Banker.

After almost 20,000 votes, Asian Private Banker’s readers have decided which private bank offers the best red packets in the Year of the Snake amid fierce competition. Here, APB reveals the winners of this year’s poll, as well as the meaning and messages behind the designs. Julius Baer won the poll again, with 38% of the votes. The Swiss bank also topped […]

The post Revealed: These private banks have the best red packets in the Year of the Snake appeared first on Asian Private Banker.

Singapore’s global reputation as a private banking destination has continued to thrive, underpinned by the city’s political and legal stability. In 2024, private banks in Singapore benefited from an influx of Greater China clients, the growing ASEAN wealth corridor and a supportive policy regime for new family offices, attracting more ultra/high net worth individuals to book assets in the city-state. […]

The post Five private banks to watch in Singapore in 2025 appeared first on Asian Private Banker.

With the year of the snake approaching, competition between private banks in Asia is hotting up when it comes to who can distribute the most dazzling red packets to clients. These envelopes – known as laisee or hongbao – are traditionally given to family members and friends. However, they can also be highly sought-after collectors’ items and fetch a premium […]

The post Vote now: Who has the best red packets in Year of the Snake? appeared first on Asian Private Banker.

Asian Private Banker is proud to present Final Word 2024, our annual year-in-review segment that highlights all of the crucial issues occupying the minds of the top regional leaders from the likes of UBS Global Wealth Management, HSBC Global Private Banking and Morgan Stanley Private Wealth Management. Click here to read Final Word 2024 In this exclusive feature, top executives […]

The post Final Word: How private bank CEOs in Asia are gearing up to tackle 2025 appeared first on Asian Private Banker.

Singapore has been successful in attracting family offices from around the world to the city with a mixture of political and legal stability, tax incentives and global connectivity. Among those to sign up are billionaire Ray Dalio and India’s richest man, Mukesh Ambani. Despite its highly educated workforce, Singapore still has something to learn from its European and American counterparts, […]

The post What Asia can learn about family offices from Europe: DBS’s Lee Woon Shiu appeared first on Asian Private Banker.

Asian Private Banker is delighted to unveil the members of its debut Alternative Investments Council (AIC), a new regional initiative that brings together Asia’s leading private bank selectors of alternative investment products. The council, which follows on from the launch earlier this year of APB‘s first-of-its-kind Fund Selection Council, comprises prominent fund selection leaders from the likes of UBS Global […]

The post Asian Private Banker unveils debut Alternative Investments Council appeared first on Asian Private Banker.

DBS Private Bank has hired a senior market head for North Asia coverage, Asian Private Banker has learned. Gloria Sun is set to join the Singaporean lender in Hong Kong as a senior market head, according to people familiar with the matter. Sun will report to Carol Wu, head of private banking, North Asia, DBS. Sun joins from Deutsche Bank […]

The post DBS Private Bank strengthens North Asia team with senior hire from Deutsche Bank appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) is betting on India and Taiwan as the new frontiers for family office growth. “We are lucky, because we rode the wave of the Covid pandemic that was a big hit for most other private banks, but not for DBS. That pandemic really exemplified how successful Singapore is in providing a very resilient and stable […]

The post DBS Private Bank targets India and Taiwan for family office growth appeared first on Asian Private Banker.

DBS Private Bank has hired a new relationship manager in Thailand, Asian Private Banker has learnt. Thewinta Rattanatam will join DBS Private Bank in Bangkok as a team leader. Rattanatam was most recently with LGT, where she was a Hong Kong-based Thai market relationship manager. According to Hong Kong Securities and Futures Commission records, Rattanatam had been with LGT since […]

The post DBS Private Bank hires Thailand team leader from LGT appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) has hired a senior Credit Suisse banker for the North Asia market, according to an internal memo seen by Asian Private Banker. Raymond Cheung joined the bank this week as managing director, senior market head, North Asia. He reports to Carol Wu, head of private bank, North Asia, DBS. Cheung worked at Credit Suisse for over […]

The post DBS PB hires another Credit Suisse market leader in Hong Kong appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) has recently hired a head of product management from a wealth tech firm, Asian Private Banker can reveal. Sean Wong recently joined the Singaporean lender as head of product management, managed solutions, for the private bank, according to people familiar with the matter. A spokesperson for DBS confirmed Wong’s appointment. Wong now heads up a […]

The post DBS Private Bank hires head of products from Endowus appeared first on Asian Private Banker.

The hiring market among international private banks in Asia has remained relatively slow in 2024, with many still digesting hires made in 2023. However, things are rather different for some Singaporean players and pure-play banks which are aggressively expanding headcount. Bank of Singapore’s aggressive hiring push The fastest-growing private bank in the region has more than once shared its ambitions […]

The post Which private banks are still hiring as Asia talent market slows? appeared first on Asian Private Banker.

In June, while several private banks in Asia continued to hire new talent, Bank of Singapore stood out for pursuing an aggressive hiring strategy following the announcement of an ambitious hiring plan earlier this year. Conversely, the asset management hiring market remained relatively calm. Bank of Singapore’s hiring spree In 2023, Bank of Singapore’s relationship manager (RM) headcount in Asia […]

The post Movers & Shakers – June 2024: Bank of Singapore steps up hiring spree appeared first on Asian Private Banker.

Space, artificial intelligence, China, India, and US equities, and gold are the key focuses for private banking CIOs in Asia Pacific this coming quarter, who collectively oversee asset allocations worth more than US$4 trillion globally. While some CIOs recommend staying overweight in equities compared to bonds and cash, others are including emerging markets US Dollar bonds in portfolios as diversifiers. […]

The post Space, AI, China, and gold – US$4tn PB CIOs are betting big appeared first on Asian Private Banker.

DBS Private Bank is targeting a 41% increase in its Greater China headcount in Hong Kong in 2024, seeing robust growth from mainland China and Taiwan clients. The bank also plans to expand a specialist UHNW team in Singapore to Hong Kong and strengthen its brand in the city. Carol Wu, the head of private banking for Greater China at […]

The post “We are not second to anyone”: DBS Private Bank eyes Hong Kong hiring spree appeared first on Asian Private Banker.

DBS Private Bank’s senior market head for Malaysia, Thailand and the Philippines has recently resigned, according to people familiar with the matter. Ken Foo left the bank recently, sources told Asian Private Banker. He worked for DBS for over a decade, most recently as senior market head for Malaysia, Thailand and the Philippines. Before that, he was DBS group Japan country […]

The post DBS PB’s senior market head for ASEAN resigns appeared first on Asian Private Banker.

With global sustainable investment (SI) assets under management (AUM) among private banks crossing US$1 trillion in 2023 – representing a sizeable opportunity for firms with the right offerings – questions still remain about SI progress in Asia as it is unclear how much of these funds come from the region. Private banks have indicated to Asian Private Banker that Asian […]

The post A US$1tn market: Here’s how private banks’ sustainability progress stacks up in Asia appeared first on Asian Private Banker.

In 2023, discretionary portfolio management (DPM) industry conversations were dominated by the topic of how to get clients out of cash and put their money back to work. Meanwhile, much time and energy was spent promoting sustainable investments (SI). Amid all the chatter, have banks managed to increase their Asia DPM penetration? And have more funds really been directed towards […]

The post Asia 2023 DPM and SI League Table: Sustainable investments break US$1 trillion, while DPM penetration stays stuck in the mud appeared first on Asian Private Banker.

Asian Private Banker is proud to present our inaugural COO Focus. This specially curated feature gathers the views and analysis of the regional private banking industry’s leading operational chiefs, on everything from what keeps them up at night when it comes to compliance, to the future of the work-from-home trend, to the next wave of digitalisation. You can read the […]

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

From HSBC Global Private Banking’s Lok Yim, to BNP Paribas Wealth Management’s Arnaud Tellier and Julius Baer’s Jimmy Lee, Asia Pacific has produced a plethora of leading private banking CEOs. What is perhaps less known, though, is that for each of these male bankers, there is an inspirational female figure. From a great-grandmother with a quiet strength who came to […]

The post IWD 2024: Male private banking heads reveal the women who inspired them appeared first on Asian Private Banker.

Singapore’s big three local banks – DBS, Bank of Singapore (OCBC) and UOB – have all reported solid wealth management income and AUM growth for FY23, despite market volatilities and cautious investment sentiment. DBS DBS’s wealth management’s FY23 AUM hit a record high of S$365 billion (US$271 billion), thanks to strong net new money inflows and the impact of its […]

The post DBS, Bank of Singapore, UOB report solid FY23 wealth management income and AUM growth appeared first on Asian Private Banker.

A senior client partner at DBS Private Bank (DBS PB) has left the bank, Asian Private Banker can reveal. Eugene Tan, who joined DBS PB in 2010 and was a senior client partner for the Indonesia market, has departed the bank recently, according to people familiar with the matter. Tan reported to Rudiger von Wedel, regional head of ASEAN, Japan […]

The post DBS Private Bank Indonesia senior client partner departs appeared first on Asian Private Banker.

After completing its acquisition of Citi’s consumer banking business in Taiwan, DBS’s wealth management income for FY23 hit a record high with AUM growth of 23%. Following the acquisition, Singapore-based DBS is now the largest foreign bank in Taiwan by assets. Consumer banking customers in that market more than doubled, while total loan balances and deposit balances increased by 1.5 […]

The post DBS wealth management AUM jumps 23% on strong net new money appeared first on Asian Private Banker.

DBS Private Bank has hired another six senior relationship managers (RMs) for its Thailand market, people familiar with the matter told Asian Private Banker.  In DBS Private Bank’s Singapore-managed Thailand market, Lucille Coulon, Steven Qin and Su Anne Chow are set to onboard at DBS Private Bank starting in April, the people said. Coulon will join as a team leader […]

The post DBS PB hires six more RMs for Thai market from Credit Suisse appeared first on Asian Private Banker.

The prevailing trend in 2023 indicates continued interest in private assets amid a challenging year marked by a narrow selection of stocks driving equity markets. In addition, high interest rates prompt the question of whether the appeal of public bonds or private debt solutions remains stronger. Looking ahead to 2024, we asked private banks how their product shelves compare to […]

The post Fund selection: Julius Baer, BOS, HSBC, DBS spotlight the must-have ingredients for 2024 appeared first on Asian Private Banker.

The former Credit Suisse onshore Thailand head has resigned from UBS and is set to move to DBS Private Bank, Asian Private Banker has learnt. Edwin Tan resigned from UBS at the end of 2023, according to people familiar with the matter. He was the former market group head for the Philippines, Thailand & Vietnam, as well as head of […]

The post Credit Suisse Thailand market head set to join DBS Private Bank appeared first on Asian Private Banker.

Private banks in Asia reported strong performance across the board in 3Q23, on the back of increasing revenues and positive net new assets. Below, Asian Private Banker breaks down how the region’s banks performed this past quarter. Retail-linked banks HSBC Wealth and Personal Banking (WPB)’s revenue jumped 71% from the previous year, reaching US$6.7 billion in 3Q23. Net new money […]

The post Private banks report strong APAC performance, positive asset inflows in 3Q23 appeared first on Asian Private Banker.

In 3Q23, Singapore’s ‘big three’ local private banks, DBS, Bank of Singapore and UOB, reported a recovery in their wealth management businesses, according to their recent earnings reports. Bank of Singapore OCBC Bank’s private banking arm, Bank of Singapore, reported an increase in wealth management income of 16% in 3Q23 YoY, reaching S$1,119 million (US$822 million). However, on a quarterly […]

The post BOS, DBS, UOB report recovery in wealth businesses appeared first on Asian Private Banker.

The way in which family offices think about philanthropy is changing, with the next generation putting more emphasis on developing an effective philanthropic strategy, going beyond traditional charitable donations. This is according to a recent report from DBS Private Bank, The Asian Family Office: Driving Impact and Innovation, which surveyed over 200 senior executives in single-family offices across the region to […]

The post Next gens going beyond “chequebook philanthropy”, says DBS PB report appeared first on Asian Private Banker.

Hou Wey Fook, an engineering graduate in 1987, transitioned to finance, starting at a Singapore sovereign wealth fund. This was crucial for honing the skills pivotal to his career growth and the development of discretionary portfolio management (DPM) at two Singaporean banks. Guided by his Christian faith, Hou frequently finds inspiration from the Bible, a sentiment he openly shared with […]

The post A leap of numbers and faith: Hou Wey Fook’s journey to DBS appeared first on Asian Private Banker.

Private banks hold a range of opinions on cryptocurrency, from those that think cryptocurrencies are the future, to those that dismiss them as uninvestable. Take for example, Julius Baer. In July, the Swiss pure play announced the expansion of its crypto services to Dubai. The bank will apply for a “digital assets licence variation” to supplement its existing regulatory permission […]

The post Private banks on cryptocurrency: the future or uninvestable? appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) has launched a new multi-family office offering that leverages Singapore’s flexible Variable Capital Company (VCC) structure, called the DBS Multi-Family Office Foundry VCC (DBS MFO). The new structure offers an alternative option for affluent families to manage their wealth in Singapore, without having to establish their own single-family office (SFO). Through DBS MFO, clients will […]

The post DBS PB launches VCC-structured multi-family office appeared first on Asian Private Banker.

DBS Private Bank (DBS PB) sees promise in Greater China, with this business seeing net new money bounce back to above pre-pandemic levels, according to Carol Wu, head of Private Banking, Greater China, DBS. “The business for DBS in [Greater China] is actually quite promising,” Wu told Asian Private Banker, explaining that despite the impact of COVID-19 in this region last […]

The post DBS Private Bank sees promise in Greater China: Carol Wu appeared first on Asian Private Banker.

The Communist Party of China (CCP) Congress, which began this weekend in Beijing, is expected to install Xi Jinping as leader of Asia’s biggest economy for a third successive five-year term. But for private bankers, what Xi and his government do over a much shorter term is far more important. Priorities include the future of China’s zero-COVID policy and what […]

The post For private bankers, all eyes are on Beijing’s next move appeared first on Asian Private Banker.

It speaks volumes about the state of the global economy that the US Federal Reserve raising interest rates by ‘only’ 75 bps is reason for optimism. Worries that Fed chair Jerome Powell’s team might add a full percentage point to US borrowing costs on Wednesday proved unwarranted. Yet Asia’s private bankers will now obsess over the Fed’s next policy meeting […]

The post How Fed’s war on inflation could torpedo private bankers’ 2023 appeared first on Asian Private Banker.

The market volatility that has emerged on the back of geopolitical tensions, soaring inflation, and rising interest rates is seeing clients still sitting on more cash, while seeking diversification across different investment styles. Speaking at Asian Private Banker’s 9th Fund Selection Nexus in Singapore, key due diligence heads shed light on how they are helping clients rebalance their portfolios and […]

The post FSN Singapore 2022 – We are getting clients out of cash slowly: three fund selection heads appeared first on Asian Private Banker.

DBS Private Bank has appointed a new head of private bank for Greater China following the departure of Peter Tung, people familiar with the matter told Asian Private Banker. In her new role, Carol Shuyen Wu will be responsible for developing the Singapore-based private bank’s business in Hong Kong, Macau, mainland China and Taiwan. Hong Kong-based Wu is currently CEO […]

The post DBS Private Bank names new head of Greater China appeared first on Asian Private Banker.

A senior ASEAN market head has left DBS Private Bank, people familiar with the matter told Asian Private Banker. After over two decades at the Singapore lender, Chia Su Ching, the senior market head for Indonesia has exited the bank. Before joining DBS in 2000, Chia worked at Perdana Merchant Bank. Asian Private Banker has been unable to determine her […]

The post Another senior market head leaves DBS Private Bank appeared first on Asian Private Banker.

A senior market head at DBS Private Bank covering Greater China is leaving the Singapore-based lender, Asian Private Banker understands. Having joined the bank in late 2016, Kin Chan was responsible for the Greater China, International, and non-resident Indian private banking teams in Hong Kong. Before DBS, Chan was an executive director both at Nomura and UBS. Earlier in his […]

The post DBS Private Bank Greater China market head resigns appeared first on Asian Private Banker.

DBS’s head of private banking for Greater China is leaving his role, people familiar with the matter told Asian Private Banker. Peter Tung, who joined the Singapore-based bank in mid-2020, had been responsible for developing DBS’s private banking business in Hong Kong, Macau, Mainland China and Taiwan. Prior to joining DBS, Hong Kong-based Tung was a partner at family office […]

The post DBS’s head of private banking for Greater China departs appeared first on Asian Private Banker.

We started the year with inflationary pressures and rising rates. To add, investors now have to stomach Russia’s attack on Ukraine — which apart from being an enormous human tragedy, is shaking financial markets as well. Major economies such as the US and EU have come together to impose sanctions on Russia. In the latest, Singapore’s Foreign Minister Vivian Balakrishnan […]

The post How DBS PB, BlackRock and an MFO are investing during Ukraine crisis appeared first on Asian Private Banker.

This week: DBS Private Bank: Gaming, chips, and big tech are winners in the metaverse; UBS: China tech giants have shown investors their resilience to the regulatory shake-up; RBC Wealth Management: Better US-China ties bode well for valuation multiples of Chinese equities; Bank of Singapore: Powell’s renomination removes uncertainty about Fed decision-making DBS Private Bank: Gaming, chips, and big tech […]

The post CIO Weekly – Gaming, chips, and big tech are winners in the metaverse: Daryl Ho of DBS Private Bank appeared first on Asian Private Banker.

Fears of financial contagion in China have hit global markets this week as investor concerns grow over a possible default by China Evergrande, the country’s second-largest property developer by sales, which owes at least US$305 billion. On Monday, S&P Global Ratings warned that Evergrande could default unless Beijing directly supports it. “We believe Beijing would only be compelled to step […]

The post Evergrande woes spark global market turmoil appeared first on Asian Private Banker.

Banks are stepping up their cryptocurrency offerings as demand from U/HNWI clients surges, despite recent pullbacks in the price of digital assets. The offerings come despite a degree of reluctance on the part of bankers and fund selectors who are trying to balance their fiduciary duties with clients’ desire to benefit from the stratospheric appreciation in prices of some digital […]

The post Banks yield to U/HNWI pressure in offering cryptoservices appeared first on Asian Private Banker.

DBS Private Bank aims to sustainably invest half of its AUM by 2023 as the COVID-19 pandemic has increased the awareness of the investment strategy among Asian clients. The Singaporean bank said it aims to “galvanise” clients in the region to adopt environmental, social and governance (ESG) standards in their investments, by widening and deepening clients’ access to its ecosystem […]

The post DBS PB wants more than half of AUM in sustainable investments by 2023 appeared first on Asian Private Banker.

DBS Private Bank (Hong Kong) has hired a new chief operating officer after its former COO exited the bank, Asian Private Banker has learned. Gerard Sharkey has resigned from his role as COO, wealth management and private banking for DBS Hong Kong, a bank he joined in 2018. According to his LinkedIn profile, he was responsible for leading senior teams […]

The post DBS Hong Kong replaces private banking COO appeared first on Asian Private Banker.

COVID-19 has opened many doors to the way private banks approach digitalisation, but not everybody appreciates the extent to which digital technology can change RM-client engagement. At Asian Private Banker‘s Webinar: The Future of Client Engagement, Kevin Herbert, managing director, co-head, North Asia, HSBC Private Banking, Evy Theunis, executive Director – head customer segment and customer science, DBS Bank, and Ronan […]

The post Relevant data analytics allow RMs to personalise and expand client coverage appeared first on Asian Private Banker.