Deutsche Bank Private Bank (Deutsche Bank PB) has hired a former Julius Baer banker to strengthen its Southeast Asia coverage, Asian Private Banker has learnt. Siang Jin Foo has joined the German lender as a team lead in its Southeast Asia team, reporting to Esther Wong, Southeast Asia Market Head and Head of Institutional Wealth Management. Deutsche Bank PB confirmed […]

The post Deutsche Bank PB taps ex-Julius Baer banker to boost SEA coverage appeared first on Asian Private Banker.

With the era of easy beta from passive equities drawing to a close, North Asian investors are being urged to see market volatility as an asset class rather than a systemic threat to their portfolios. Cora Chiu, Deutsche Bank Private Bank’s North Asia investment head, told Asian Private Banker that the German lender is leveraging cross-asset hedging and active alpha […]

The post Is volatility the new alpha? Deutsche Bank PB says yes appeared first on Asian Private Banker.

Deutsche Bank Private Bank has revamped its Asia FX advisory team with a new dual-head leadership structure and senior hires in Hong Kong, Asian Private Banker has learnt. The German lender has appointed Kent Lee as co-head of FX advisory alongside Divik Maheshwari. Both Lee and Maheshwari report to Gian-Maria Piccolo, head of investment management, emerging markets at Deutsche Bank Private Bank. According to an […]

The post Deutsche Bank PB bolsters Asia FX advisory with key hires appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired a J.P. Morgan veteran to boost its investment capabilities for its North Asia business, Asian Private Banker has learnt. Based in Hong Kong, Dominic Cheung has been appointed as a director in the investment management team for the North Asia region, according to an internal memo seen by APB. Cheung joins the bank with […]

The post Deutsche Bank PB hires from J.P. Morgan for North Asia investment team appeared first on Asian Private Banker.

Deutsche Bank Private Bank’s discretionary portfolio management (DPM) business in Asia Pacific continued to grow in 2025, supported by both market gains and sustained inflows into managed solutions amid higher volatility. DPM assets in the region rose to US$6.8 billion, up from US$5 billion in 2024, according to APB data. “We had a pretty good year in DPM. We are […]

The post “Pretty good year”: Jacky Tang unpacks Deutsche Bank’s DPM push in APAC 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.

Is a DPM lead’s duty to protect clients by steering clear of what they cannot see, or to deliver outsized returns by mastering the complexities that frighten the broader market? This is the question that sparked a heated discussion by panellists at the Asian Private Banker DPM Leaders Conversation 2026 in Singapore.  For Bryan Goh, chief executive officer and chief […]

The post DPMLC 2026: Protect clients or chase returns? Tsao FO, Paragon Capital, Deutsche Bank weigh in appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired a former Goldman Sachs relationship manager for its Southeast Asia business, Asian Private Banker has learnt. Based in Singapore, Pin Duangdee recently joined the German lender, focusing on coverage of Thai clients, according to sources familiar with the matter. Her registration with Deutsche Bank on the MAS website took effect on […]

The post Deutsche Bank PB taps ex-Goldman banker for Thai coverage appeared first on Asian Private Banker.

June Wong’s career trajectory is characterised by bold pivots: she first traded an engineering background for a future in finance, and more recently, bridged the gap between risk management and the front office. To Wong, who is now the APAC head of lending at Deutsche Bank Private Bank, these transitions drilled home the lesson that growth and comfort cannot coexist. […]

The post Deutsche Bank PB’s APAC lending head brings engineering rigour to art financing appeared first on Asian Private Banker.

Asian Private Banker is proud to unveil our 2026 COO Focus, an annual audit of how the region’s largest wealth managers are recalibrating operations following a year of volatile market shifts and rapid technological adoption. Senior executives and thought leaders contributed to this year’s edition, including: Wiwi Gutmannsbauer, UBS Global Wealth Management; Benoit Douchin, HSBC Global Private Banking; Patrick Dreyfuss, […]

The post COO Focus: How Asia’s top private banks are rewiring the middle office appeared first on Asian Private Banker.

Ultra high net worth (UHNW) clients are increasingly seeking to tap everything from luxury assets to superyachts to unlock extra liquidity amid uncertain markets, as demand for strategic lending starts to rival that of traditional margin loans. In response, private banks are poaching from investment banking benches for rare talent with specialised lending experience to meet demand. Asian Private Banker […]

The post Private banks build “weapons-grade” lending platforms to meet surging UHNW demand 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.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired an ex-BNP Paribas Wealth Management private banker, Asian Private Banker has learnt. Soham Lamba has joined the bank’s global South Asia team in Singapore as a director for relationship management, reporting to Puneesh Nayar, market head for global South Asia, sources familiar with the matter told APB. Lamba has over 15 […]

The post Deutsche Bank PB adds senior private banker for global South Asia team in Singapore appeared first on Asian Private Banker.

As discretionary inflows surge following the 2025 rate cuts, Asia’s private banks are fracturing into distinct camps to capture the next wave of assets. While Pictet Wealth Management (Pictet WM) is pushing the democratisation of multi-asset private assets (MAPA) mandates, Deutsche Bank Private Bank (Deutsche Bank PB) is focusing on accessibility. BNP Paribas Wealth Management (BNP Paribas WM), for its […]

The post Pictet WM, Deutsche Bank PB, BNP Paribas WM sharpen DPM specialties for 2026 race appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired an investment veteran from UBS as part of an effort to strengthen its North Asia business. Based in Hong Kong, Stephen Yeung joined the German lender as a director in the investment management team for North Asia coverage, reporting to Stephen So, according to an internal memo seen by Asian Private […]

The post Deutsche Bank PB nabs UBS investment consultant in Hong Kong 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.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired a global head of investment solutions from the Bank of Singapore, Asian Private Banker has learnt. Vivienne Chia will relocate to Frankfurt, joining the German lender on 1 December 2025. She will report to Alessandro Caironi, head of banking, lending and investment solutions. Chia brings over two decades of experience in […]

The post Deutsche Bank PB hires BoS exec to lead investment solutions appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired a senior banker from SCB-Julius Baer to bolster its Southeast Asia coverage, Asian Private Banker has learnt. Penluck (Lyn) Sriboonruang has joined Deutsche Bank PB as a vice president for the Thailand team within the Southeast Asia (SEA) region, according to an internal memo sent by the firm’s head of Southeast […]

The post Deutsche Bank PB ups Thai coverage with SCB-Julius Baer hire 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.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired a banker from HSBC to lead its investment management business for North Asia, Asian Private Banker has learnt. Hong Kong-based Cora Chiu has been appointed as the bank’s new head of investment management, North Asia, effective 16 December 2025, and subject to regulatory approvals, according to an internal memo seen by […]

The post Deutsche Bank PB taps HSBC for North Asia investment head 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.

Deutsche Bank Private Bank has appointed a new emerging markets CIO from Goldman Sachs Private Wealth Management, Asian Private Banker can reveal. Subject to regulatory approval, Jacky Tang will join the German lender’s private bank unit as CIO for emerging markets on 6 October, according to an internal memo sent by the bank’s executives, including Marco Pagliara, head of emerging […]

The post Goldman Sachs veteran joins Deutsche Bank PB as emerging markets CIO appeared first on Asian Private Banker.

Deutsche Bank Private Bank has hired a senior banker to cover the Thai market from its Singapore office. Vitita Theeraporn has joined Deutsche Bank Private Bank as a director for the Thailand team within the Southeast Asia (SEA) region at the bank, according to an internal memo sent by Johannes Oeni, head of Southeast Asia, Private Bank. Theeraporn will be based […]

The post Deutsche Bank Private Bank hires senior banker for Thailand team appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired two relationship managers for its Global South Asia and Africa (GSAA) business. Ravi Manot has joined the German lender as a managing director, senior relationship manager, according to a memo. With over two decades of experience in managing clients from the Indian subcontinent, spanning Asia and the Middle East, Manot most […]

The post Deutsche Bank PB hires RM duo for Global South Asia appeared first on Asian Private Banker.

France and Germany’s largest private banks, BNP Paribas Wealth Management (BNP Paribas WM) and Deutsche Bank Private Bank, both achieved double-digit profit before tax (PBT) growth in their earnings reports for 2Q25, alongside revenue and AUM growth. Deutsche Bank’s private banking business recorded a 56% YoY increase in PBT, while that for BNP Paribas’s wealth management unit was up 14% […]

The post Deutsche Bank PB and BNP Paribas WM post double-digit PBT growth appeared first on Asian Private Banker.

We launched our India 2024 AUM League Tables this week, and the standout was Standard Chartered. Its AUM jumped 479.4%, overtaking Julius Baer to become the top foreign private bank in India. Back in April, Standard Chartered surprised many by entering Asia’s top five with a 57.2% AUM increase, raising questions about where the growth came from. Now, with India’s […]

The post Bottom Line: StanChart’s India AUM surge. Julius Baer, are you watching? appeared first on Asian Private Banker.

In 2024, India’s top 30 private banks and wealth managers collectively managed US$812 billion in assets, and the number of relationship managers in the country crossed 10,000, but this growth was slower compared to 2023. Fresh data from APB Insights’ India 2024 League Tables revealed that, out of 30 banks, the majority reported double-digit AUM increases, while several saw growth […]

The post India 2024 AUM League Tables: AUM crosses US$800bn, StanChart overtakes Julius Baer appeared first on Asian Private Banker.

Deutsche Bank Private Bank is witnessing a growing trend of non-resident Indians (NRIs) choosing Dubai as their preferred booking centre, as the city’s glamorous “Dubai Bling” lifestyle continues to captivate millionaires worldwide. Since first arriving in Dubai in 2003, Rajesh Mahadevan has seen the emirate’s evolution from a modest “gateway to the Gulf” into a thriving global hub for business, […]

The post Dubai bling a wealth magnet for NRI millionaires: Deutsche Bank PB 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.

Deutsche Bank Private Bank’s APAC CIO has resigned from the bank, Asian Private Banker has learnt. Stefanie Holtze-Jen, Deutsche Bank Private Bank’s Singapore-based APAC CIO, has resigned from the bank after four years in the role, multiple sources told APB. Holtze-Jen’s resignation was then noted in an internal memo to staff today, seen by APB. Deutsche Bank Private Bank declined […]

The post Deutsche Bank Private Bank’s APAC CIO resigns appeared first on Asian Private Banker.

When Marco Pagliara was appointed as head of emerging markets at Deutsche Bank Private Bank (Deutsche Bank PB) in summer 2023, his brief looked like a challenging one. The then Zurich-based veteran of the German lender’s private bank faced the prospect of synchronising a wealth offering that spanned from Asia to Latin America. If that was not enough, he was […]

The post Deutsche Bank PB hits “sweet spot” under EM head Marco Pagliara appeared first on Asian Private Banker.

Deutsche Bank has entered into a distribution partnership agreement with Coller Capital to provide wealth clients access to the latter’s flagship evergreen secondaries fund. Under the tie-up, Coller Private Equity Secondaries Fund (CollerEquity) will be offered to professional and qualified Deutsche Bank wealth management clients in Asia and selected countries in EMEA, according to a statement on Thursday. The fund […]

The post Deutsche Bank partners with Coller Capital to bring private secondaries to wealth clients appeared first on Asian Private Banker.

Deutsche Bank Private Bank has appointed a COO for emerging markets following the exit of Sudhir Nemali, according to an internal memo seen by Asian Private Banker.  Effective immediately, Alain Bernasconi has been named as COO for emerging markets, Deutsche Bank Private Bank, according to a memo co-sent by Marco Pagliara, head of emerging markets, and Yiping Li, global COO […]

The post Deutsche Bank Private Bank appoints emerging markets COO from UBS 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.

Hong Kong remains the key hub for private banks in the Asia region due to its global connectivity and its pivotal relationship with mainland China. Despite a challenging 2024, with slower economic growth and the property sector in the doldrums, wealth flows in the region have been consistent. As the city recently welcomed the Lunar Year of the Snake, will […]

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

Deutsche Bank Private Bank’s global head of discretionary portfolio management (DPM) is joining BlackRock, Asian Private Banker understands. Tuan Huynh announced on his personal LinkedIn profile that he has joined the world’s biggest asset manager as interim chief investment strategist, covering for Ann-Katrin Petersen during her maternity leave. BlackRock confirmed the appointment of Huynh as interim chief investment strategist for […]

The post Deutsche Bank Private Bank global head of DPM joins BlackRock appeared first on Asian Private Banker.

The world is undergoing significant changes, from shifting demographics to the transition to clean energy. At the same time, China is under pressure to roll out fiscal stimulus to counter potential trade tensions from Trump’s aggressive policies. China’s actions could positively impact oil prices, and there’s a chance it may resume regular gold purchases. As we navigate this new normal, […]

The post HSBC GPB, Julius Baer, Deutsche Bank PB share CIO perspectives on Trump, trade and China appeared first on Asian Private Banker.

Deutsche Bank Private Bank has appointed a senior banker to be its new head for North Asia, following the resignation of Kanas Chan. With immediate effect, Frederick Fong has been named as head of North Asia for Deutsche Bank Private Bank, according to an internal memo seen by Asian Private Banker. He will report to Marco Pagliara, head of emerging […]

The post Deutsche Bank Private Bank names new head of North Asia appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has entered into a new partnership with a European private equity firm. Launched in Singapore and Hong Kong last week, Deutsche Bank PB is now partnering with Investindustrial, according to an announcement on the bank’s LinkedIn on Wednesday. The partnership is formed “to especially boost our Alternatives offering in Asia,” the German lender […]

The post Deutsche Bank PB partners with European PE firm to enhance alts offering for Asian clients appeared first on Asian Private Banker.

Deutsche Bank Private Bank’s North Asia head is leaving the lender, Asian Private Banker can reveal. Kanas Chan has resigned from the German lender, multiple sources told Asian Private Banker. Chan has been North Asia head since 2016. Before that, she was head of capital markets APAC for Deutsche Bank Wealth Management. Having spent almost two decades at Deutsche Bank, […]

The post Deutsche Bank Private Bank North Asia head resigns appeared first on Asian Private Banker.

Nomura International Wealth Management (IWM) has hired Deutsche Bank Private Bank’s COO for emerging markets, according to an internal memo seen by Asian Private Banker. Sudhir Nemali joined the bank on Friday as managing director and COO of International Wealth Management. Reporting to Aleem Jivraj, COO for Global Markets and Ravi Raju, head of International Wealth Management for Nomura, Nemali […]

The post Nomura IWM hires Deutsche Bank Private Bank COO in APAC appeared first on Asian Private Banker.

Deutsche Bank has named a new chief operating officer (COO) for its Singapore wealth management unit following the departure of its emerging markets COO, the bank announced on Monday. Sudhir Nemali, emerging markets COO, will depart to pursue outside opportunities. During his time with the bank, Nemali was involved in shaping its regional wealth management platform. Nemali’s final day will […]

The post Deutsche Bank EM COO departs, names new Singapore operations head 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.

As the world becomes more uncertain, from economics to geopolitics, there is an increasingly new demand from Asia U/HNWs when it comes to what their private banks can offer: “global platform.” Players that truly offer a global platform clients are able to serve their Asian clients from multiple jurisdictions – from Hong Kong, to Singapore, to Dubai, to London – […]

The post Why “global platform” is the new buzz word for Asia’s leading private banks appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) is sharpening its focus on ultra high net worth (UHNW) clients and family offices, identifying an increasing trend of private wealth institutionalisation. The German lender is also choosing to focus on specialised alternatives managers with a stronger sectoral or geographic focus, Filippo Rocchi told Asian Private Banker. Rocchi joined Deutsche Bank three years […]

The post Why Deutsche Bank is not “one-size-fits-all” for Asian UHNWs appeared first on Asian Private Banker.

Private banks must adapt to follow the flow of private capital to and from Asia as clients seek to diversify their wealth globally, leading private bankers said. “We have seen a lot of wealth migrate globally. As a wealth manager, we have to follow the flow,” said Amy Lo, chair of Global Wealth Management Asia at UBS Global Wealth Management […]

The post The great migration: How do banks adapt and thrive as wealth goes global? appeared first on Asian Private Banker.

The timing of China’s recent economic stimulus with Golden Week spending has lifted client sentiment and created an encouraging rally in the country’s equities. However, more stimulus and consumer spending is needed to make the optimism more than short-lived, says Deutsche Bank Private Bank’s (Deutsche Bank PB) APAC chief investment officer (CIO). Last week, the People’s Bank of China (PBoC) […]

The post Can Golden Week add more shine to China market? Deutsche Bank PB hopes so appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) is seeing the return of fund flows with several mandates outperforming in 2024. “It’s been a dream run for our mandates as far as performance is concerned,” Harsh Agarwal, head of DPM, emerging markets, for Deutsche Bank PB, told Asian Private Banker in an interview. Right calls on fixed-income While fixed income has […]

The post “It’s been a dream run for our mandates”: Deutsche Bank PB’s Harsh Agarwal highlights DPM performance appeared first on Asian Private Banker.

How are current economic conditions influencing UHNWIs to consider private market investments and affecting the criteria for evaluating private market managers? And what are the key attributes of effectively managed semi-liquid funds? These were among the key topics addressed at Asian Private Banker’s 2024 Funds Selection Nexus in Singapore in a panel focused on private markets. For investors open to […]

The post StanChart, BNP Paribas WM, Deutsche’s haves and have-nots in private markets appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has hired two market heads for Global South Asia (GSA) & Africa, Asian Private Banker can reveal. Based in Singapore, Puneesh Nayar will join the bank on 12 August as managing director and market head covering GSA, according to an internal note seen by APB. Nayar comes from Julius Baer, where he spent […]

The post Deutsche Bank PB adds two market heads for Global South Asia appeared first on Asian Private Banker.

US President Joe Biden shockingly announced he was withdrawing his US re-election bid and endorsed Vice President Kamala Harris as the Democratic nominee to face off against Republican contender Donald Trump in November. Regardless of who wins the election, Deutsche Bank Private Bank’s (Deutsche Bank PB) Americas CIO told Asian Private Banker that investors can expect more volatility from now […]

The post Biden withdraws: But here’s what really matters for private banks appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) is re-opening its external asset management (EAM) desk in Asia after winding down the desk in 2017, Asian Private Banker can reveal. Hugo van Kattendijke, the former head of EAMs for APAC at Credit Suisse, is joining the German lender in Singapore to cover the new desk for emerging markets, according to people […]

The post Deutsche Bank PB reboots EAM desk in Singapore with UBS hire appeared first on Asian Private Banker.

A former Deutsche Bank Private Bank (Deutsche Bank PB) market group head has resurfaced at a Singapore-headquartered independent asset manager, Asian Private Banker has learnt. Stella Lau has recently joined Lighthouse Canton as managing director, according to her personal LinkedIn update. Lighthouse Canton did not immediately respond to a request for comment. Previously, Lau spent a short stint at Deutsche […]

The post Ex Deutsche Bank PB market group head joins Singapore IAM appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has made a series of hires in the Middle East to boost its business in a region where its head of private bank, Claudio de Sanctis, hopes to double the assets. The German lender has welcomed new directors to its onshore teams in Saudi Arabia and Dubai, it announced via a LinkedIn post […]

The post Deutsche Bank PB hires from UBS-Credit Suisse to boost Middle East market share appeared first on Asian Private Banker.

Deutsche Bank Private Bank (Deutsche Bank PB) has appointed a new head of investment management (IM) for Southeast Asia, and established an emerging markets desk for UHNW and family office clients, according to an internal memo seen by Asian Private Banker. Chin-Kit Lee has been appointed as the new head of IM for Southeast Asia. Lee joined the German lender from HSBC in […]

The post Deutsche Bank PB names SEA IM head, sets up EM desk for UHNW and FOs 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.

While some private banks in Asia continued with a headcount freeze in April, others were actively looking externally to fill senior positions. However, the big story in April concerned HSBC Global Private Banking (HSBC GPB), whose Hong Kong market head made the shock decision to resign and take the top job at a leading international school. Fortunately, the bank may […]

The post What next for HSBC GPB after Bryce Wan goes back to school? appeared first on Asian Private Banker.

LGT Wealth India’s assets surged by over 75% last year, with its ex-Credit Suisse investment team helping to drive growing interest in fixed income discretionary portfolio management (DPM), supported by recent tax changes. As CEO of LGT Wealth India, Atul Singh is not fazed by the bigger foreign competition – he knows it is not about size, but service. In […]

The post LGT Wealth India’s AUM jumps 75% while ex-Credit Suisse team drives DPM push appeared first on Asian Private Banker.

US$2.5 trillion in AUM asset manager Capital Group has entered an exclusive partnership with Deutsche Bank Private Bank to distribute one of its funds. The Capital Group multi-sector income fund (MSI) will be open to the German lender’s private bank clients globally under the partnership. MSI aims to complement Deutsche Bank Private Bank’s ESG strategic asset allocation funds, which offer […]

The post Deutsche Bank PB partners with US$2.5tn manager on fixed income fund appeared first on Asian Private Banker.

When Johanes Oeni joined Deutsche Bank Private Bank (Deutsche Bank PB) last year after close to 22 years with Credit Suisse, many suspected he knew something was going to happen at the Swiss lender. “But I didn’t plan it that way. The pull factor of why I joined the bank is its culture and how resilient the bank is,” Oeni, […]

The post Southeast Asia hires now bearing fruit: Johanes Oeni shares first year at Deutsche Bank PB appeared first on Asian Private Banker.

2023 was a year that saw an intense war for talent among private banks in Asia Pacific. The merger of UBS and Credit Suisse formed the region’s largest private bank, allowing the banking behemoth’s competitors to woo ex-Credit Suisse bankers left adrift amid the fallout. Now the dust has settled – and taking a close look at the hard data – […]

The post Asia 2023 RM Headcount League Table: PB headcount edges higher amid industry shakeup appeared first on Asian Private Banker.

The former global chief risk officer for Bank of Singapore has joined Deutsche Bank Private Bank (Deutsche Bank PB) in London. Alexandre Lotfi has recently resurfaced at Deutsche Bank PB in London as managing director, head of wealth management lending, UK & Central Europe, according to a personal LinkedIn update. Based in London, Lotfi will report to Adam Russ, global […]

The post Bank of Singapore’s former chief risk officer resurfaces at Deutsche Bank PB in London appeared first on Asian Private Banker.

Private banks in Asia-Pacific saw their AUM jump by a total of about US$400 billion in 2023, reversing outflows from the previous year, as competition for the top spots in Asian Private Banker‘s Asia 2023 AUM League Table intensified. However, while some institutions achieved double-digit growth, others grappled with outflows. By the end of December 2023, the Asian private banking […]

The post Asia 2023 AUM League Table: Private banks see US$400bn asset windfall appeared first on Asian Private Banker.

One of Deutsche Bank Private Bank’s Southeast Asia group heads will soon depart, Asian Private Banker can reveal. Urs Brudermann, who joined the German lender in 2021 as group head for Southeast Asia, will leave the bank soon, according to people familiar with the matter. Before Deutsche Bank, Brudermann worked for Credit Suisse for over 10 years covering the Thailand […]

The post Deutsche Bank Private Bank’s Southeast Asia group head departs appeared first on Asian Private Banker.

Wealth management is in a very interesting place right now, with the competition among financial centres for the assets and residency of wealthy families, says Deutsche Bank Private Bank’s Marco Pagliara. This rivalry, which extends beyond private banking competition, is giving rise to interesting trends in the family office space, the head of emerging markets noted. In today’s multipolar geopolitical […]

The post Geopolitics meets family offices: Deutsche Bank PB’s Marco Pagliara decodes trends appeared first on Asian Private Banker.

The private banking and wealth management industry in Asia has a significant number of women in senior leadership positions, from UBS’s Amy Lo and Jin Yee Young, J.P. Morgan Private Banking’s Harshika Patel, to Citi’s San-San Chan and DBS’s Carol Wu, to name but a few. Here, Asian Private Banker has gathered the views of ten leading women, who shared their […]

The post IWD 2024: What new PB female leaders can learn from Amy Lo and Harshika Patel appeared first on Asian Private Banker.

When Marco Pagliara was approached to become the German lender’s emerging market head for private banking last year, he would have been forgiven for having second thoughts. His appointment to the Singapore-based role came after Jin Yee Young, a recent high-profile hire from Credit Suisse as Asia CEO for Deutsche Bank Private Bank, unexpectedly made the switch to UBS Global […]

The post US$200tn opportunity? Deutsche Bank PB’s Pagliara makes emerging markets play appeared first on Asian Private Banker.

Leading private banks in the US and Europe have, with a few notable exceptions, reported relatively weak earnings for FY23. While not quite the annus horribilis of 2022, behind the weaker-than-expected earnings is a nevertheless difficult year for private banks. Globally, markets were impacted by high inflation, quantitative tightening, geopolitical uncertainty, wars in Europe and the Middle East, and China’s stuttering […]

The post Deutsche Bank PB, Citi PB post disappointing FY23 earnings appeared first on Asian Private Banker.

Ten months after Credit Suisse was forced into a shotgun marriage with historic rival UBS, many bankers from the former have now jumped ship. This raises the question – what next for these bankers, and more importantly, UBS? Here, Asian Private Banker takes an in-depth look into how ex-Credit Suisse bankers are forging new careers at rival institutions and asks what […]

The post US$165bn question: What next for Credit Suisse bankers post-UBS? appeared first on Asian Private Banker.

A high-profile North Asia market head at Deutsche Bank Private Bank has left less than one year after joining, Asian Private Banker can reveal. Singapore-based Stella Lau, who joined from Credit Suisse in February last year, will soon depart from the bank, according to people familiar with the matter. Lau is a private banking veteran. She was with Credit Suisse […]

The post Ex-Credit Suisse heavyweight departs Deutsche Bank PB after less than a year appeared first on Asian Private Banker.

We have queried four private banks about how their wealth planning offerings for 2024 compare to the strategies employed in 2023, and the key trends influencing their direction for the new year. Here are their responses, considering the backdrop of increasing efforts of wealthy families in Asia to enhance their wealth planning structures to safeguard assets onshore while employing multiple […]

The post Wealth planning: UBS, StanChart, Pictet, Deutsche Bank’s blueprints for 2024 appeared first on Asian Private Banker.

Interest rates, China and sustainability are among the topics that will be top of mind for private bankers in the region next year, according to leading CEOs who took part in Asian Private Banker’s Final Word 2023. The year in review project, which collects the insights and views of private banking and wealth management leaders, covers trends ranging from investments, […]

The post Final Word 2023: What is keeping private bank CEOs up at night? appeared first on Asian Private Banker.

Deutsche Bank Private Bank has hired another Credit Suisse veteran for the North Asia market, according to an internal memo seen by Asian Private Banker. Ralph Qiu joined the German lender this month as managing director, responsible for covering Hong Kong and China clients. Qiu will report to Jackie Lit, Hong Kong-based market head, North Asia. In his new role, […]

The post Deutsche Bank PB adds another Credit Suisse senior banker for North Asia appeared first on Asian Private Banker.

Private banks including UBS GWM, HSBC GPB and Deutsche Bank Private Bank are bullish on Asia in 2024 amid an expected slowdown in growth in developed markets. For UBS, bullishness on Asia is in part premised on the belief that China will enter a ‘new normal’ of lower but potentially higher quality growth while emerging Asia countries will continue to […]

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Deutsche Bank Private Bank has hired a new market head of North Asia, Asian Private Banker can reveal. Chester Lui, former senior client partner at Credit Suisse, has joined the German lender today as one of the market heads for North Asia focusing on Hong Kong, according to an internal memo seen by APB. Lui left Credit Suisse in September. […]

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To Stefanie Holtze-Jen, APAC CIO of Deutsche Bank Private Bank, the most important question this year is how much further the Fed will go in raising rates. “Inflation remains sticky, and the ongoing geopolitical tension is stirring volatility across various asset classes which will pose as an additional data point for the Fed to consider another hike,” said Holtze-Jen. The […]

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It has been a busy 2023 for Asia’s private banking headhunters, and the most recent quarter showed no signs of slowing down. The period from July to September was characterised by heavyweight people moves in the region, from CEOs, to market heads, to veteran RMs. While the integration of Credit Suisse into UBS continued to be a source of major […]

The post Revealed: The biggest Asian private bank people moves of 3Q23 appeared first on Asian Private Banker.

Against a backdrop of surging interest rates and bond yields, private bank fund selectors are increasingly searching for solutions that can provide their clients with sustainable sources of long-term income and bullet-proof portfolios in light of market volatility. That quest has not been made easier by high interest rates on cash deposits, which has encouraged some clients to sit on […]

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Deutsche Bank has bumped up leave for new parents to 26 weeks, with its private banking employees now receiving the most generous parental leave among private banks in Asia. The new policy comes as banks and employees are still working to find the right formula for work-life balance as traditional working arrangements were disrupted following the pandemic’s work-from-home revolution, with […]

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A Deutsche Bank Private Bank South Asia market veteran has decided to leave the German lender after over 25 years, Asian Private Banker has learnt. Amrit Singh has resigned from the bank, people familiar with the matter told Asian Private Banker. Singh was the former head of Global South Asia (GSA) for Deutsche Bank Private Bank. In March this year, […]

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