The 2026 FIFA World Cup kicks off on Thursday, and while 48 teams across the US, Canada and Mexico compete for football’s biggest prize, investors are focused on a different scoreboard: the billions of dollars in economic activity expected to be generated by the largest tournament in history. This year’s competition will feature 104 matches, up from 64 previously, and […]

The post World Cup 2026: DBS, UBS, Deutsche Bank map the money play 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.

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.

The recent events in the Middle East may constitute the largest escalation in conflict in decades. But despite this, private banks, accustomed to volatile markets, are remaining calm, believing that disruption is likely to be only temporary, with trends such as AI capital expenditure more consequential in the long run. Attacks on Iran on 28 February 2026, led by the […]

The post Middle East shock fails to rattle private banks as CIOs hold firm appeared first on Asian Private Banker.

Deutsche Bank will expand its strategic collaboration with DWS in discretionary portfolio management (DPM) as the German lender targets doubling DPM assets within the next three years. Under this collaboration, Deutsche Bank’s portfolio implementation will be supported by DWS’s institutional investment and execution platform. Meanwhile, Deutsche Bank Private Bank will continue to be responsible for the strategic asset allocation, portfolio […]

The post Deutsche Bank deepens DWS tie-up as it targets doubling DPM assets 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.

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.

Despite the dramatic capture of Venezuelan president Nicolás Maduro by US forces, Asia’s private banks are urging UHNW clients to stay the course, dismissing the event as a “localised” shock with minimal impact on global supply chains. In a major escalation on 3 January 2026, US forces launched a military raid in the capital city of Caracas, capturing Venezuelan President […]

The post Venezuela raid or not, private bank CIOs see a clear path to 2026 growth 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.

Franklin Templeton has hired a former Deutsche Bank veteran to drive its distribution business in Asia, Asian Private Banker has learnt. Based in Singapore, Joyce Ngan has joined the US asset management giant as a senior sales director, private wealth. Ngan has a rich experience in the fund industry, having spent nearly 20 years at Deutsche Bank. During her time […]

The post US$1.66tn manager hires ex-Deutsche Bank veteran for private wealth business in Asia appeared first on Asian Private Banker.

Asian family offices are exhibiting increasing sophistication and strategic foresight, moving beyond traditional financing to set up proactive “war chests” and demanding highly tailored solutions to capitalise on market opportunities, lending experts at Deutsche Bank Private Bank (Deutsche Bank PB) told Asian Private Banker. “Asian family offices are aware of the importance of adequate risk and liquidity management in view […]

The post Deutsche Bank PB sees lending shift as family offices build ‘war chests’ 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.

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 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.

Deutsche Bank is being sued by a Singaporean external asset manager (EAM), according to legal documents seen by Asian Private Banker. According to a statement of claim dated 11 July 2025, Invest Partners Capital Group (IPCG) is suing Deutsche Bank, Singapore branch, for alleged breach of an external asset management agreement, as well as for breach of duty of care […]

The post Deutsche Bank sued by EAM in Singapore 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.

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.

KKR has appointed a director for its global wealth solutions unit in Singapore from Deutsche Bank, Asian Private Banker understands. Based in Singapore, Hao Jie Poh is now director, global wealth solutions at private markets giant KKR, according to an update on his personal LinkedIn page. Poh was most recently co-head of advisory solutions for emerging markets at Deutsche Bank. […]

The post US$624bn private markets giant hires Deutsche Bank advisory exec 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.

The private banking landscape in the Middle East is set to boom, driven by a surge in Asian high net worth individuals (HNWIs) seeking new opportunities, industry leaders in the region told Asian Private Banker. Rajesh Mahadevan, Deutsche Bank’s global head of South Asia and Africa (GSA&A), predicts sustained growth as more Asian HNWIs are drawn to the region, particularly […]

The post UAE set for private banking gold rush on Asian U/HNWI influx 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.

Christian Nolting, Deutsche Bank’s global CIO, believes all-time highs or lows should not be the sole driving force behind buying and selling, and instead highlighted two interesting areas poised for growth: China and ESG. Despite slower growth rates in the US, Europe, and to some extent, Asia, relative growth rates favour Asia, the global CIO told Asian Private Banker during […]

The post Deutsche Bank’s global CIO highlights two surprising growth markets 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.

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.

A senior fund selector at Deutsche Bank Private Bank (Deutsche Bank PB) in Hong Kong is relocating to Switzerland for a new role, Asian Private Banker can reveal. Zandrew Liu, currently head of offering management in Asia, is taking up a new position as head of advisory solutions, Central Europe & US. Based in Zurich, Liu’s new role will focus […]

The post Deutsche Bank Private Bank fund selector moves to Switzerland 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.

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.

As the fight for talent in private banking continues going into 2024, the new destinations of ex-Credit Suisse bankers are becoming apparent. Ex-Credit Suisse bankers resurface The year kicked off with former Credit Suisse APAC CIO John Woods joining Lombard Odier’s private banking arm as CIO and head of investment solutions for APAC. Woods was among the senior Credit Suisse […]

The post Movers & Shakers – January 2024: Ex-Credit Suisse bankers resurface in new roles 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.

What is the hottest area of competition between private banks in Asia at Chinese New Year? DPM market penetration? Wallet share? The fastest growing net new money? You guessed it, custom red packets. These ornately-adorned envelopes, known as laisee in Cantonese or hongbao in Mandarin, are presented – often containing money – to friends, family members, colleagues and clients as […]

The post Poll: Which private bank has the best red packets in the year of the dragon? appeared first on Asian Private Banker.

From the reshuffling of leadership roles across the private banking industry to wholesale changes in the competitive landscape, 2023 was characterised by heavyweight hirings in Asia Pacific. The Credit Suisse-UBS merger resulted in many of the former’s bankers jumping ship, creating some of the most impactful appointments of the year. From long-time Credit Suisse heavyweight Jin Yee Young joining UBS via Deutsche Bank […]

The post The biggest Hong Kong, Singapore private bank hires of 2023 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.

While the ‘one-bank’ strategy has been gaining traction in recent years – with its potential to foster holistic offerings for UHNW clients across wealth, corporate lending, and capital markets – the model has also come under scrutiny following this year’s demise of Credit Suisse. Deutsche Bank, Julius Baer, Pictet and CIMB gave their views on the ‘one-bank’ model and how […]

The post ‘One bank’ or pure-play? CEOs weigh in on which works best appeared first on Asian Private Banker.

Although geopolitics has always been a looming concern for private banks, the Ukraine war and China-US tensions have pushed such concerns to the fore. During Asian Private Banker‘s 10th Fund Selection Nexus 2023 Singapore, private bank fund selectors shared their insights on capturing opportunities in the environment of rising geopolitical risk during the panel discussion: Navigating market volatility, emerging trends and […]

The post Global tensions are business as usual, say PBs 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 […]

The post Cash is trash? How fund selectors are hunting for income in 2023 appeared first on Asian Private Banker.

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 […]

The post This private bank now offers the most generous parental leave in Asia appeared first on Asian Private Banker.

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, […]

The post Deutsche Bank Private Bank South Asia market veteran resigns appeared first on Asian Private Banker.

The former Deutsche Bank Wealth Management Southeast Asia group head and his team have joined Standard Chartered Private Bank, Asian Private Banker can exclusively reveal. Terence Leong has resurfaced at Standard Chartered Private Bank as managing director for the Taiwan market in Singapore, people familiar with the matter told Asian Private Banker. He will report to Lisa Teo, market head […]

The post Former Deutsche Bank Southeast Asia group head and team resurface at StanChart PB appeared first on Asian Private Banker.

Marco Pagliara has officially taken on the role of head of emerging markets (EM) at Deutsche Bank Private Bank’s Singapore office, providing a ray of optimism for the German lender, which has faced notable personnel changes this year. According to an internal memo seen by Asian Private Banker, Pagliara has transitioned to Singapore from Zurich along with his family. In […]

The post Marco Pagliara takes charge at Deutsche PB’s Singapore hub appeared first on Asian Private Banker.

Deutsche Bank’s Hong Kong CEO and former head of wealth management in Asia-Pacific has resigned, Asian Private Banker can reveal, marking another senior departure in the region for the German lender. Lok Yim, who ran Deutsche Bank’s regional private bank from 2016 to 2022, will depart towards the end of the year, people familiar with the matter said. Joe Lai, […]

The post Deutsche Bank Asia private banking veteran Lok Yim resigns appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (IPB) expects China’s growth to lose momentum in 2024, and has lowered its GDP growth forecast from 5.3% to 5%. Christian Nolting, global CIO at Deutsche Bank IPB, cited unresolved energy supply issues, a structurally weak construction sector, a rapid rise in local government debt, and US sanctions, as the factors behind the German bank’s […]

The post China’s growth to lose momentum in 2024: Deutsche Bank IPB appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (IPB) has hired a new team head from Credit Suisse, Asian Private Banker has learnt. Based in Singapore, Liting Leo joined the German lender this month as managing director and team head. She will report to Stella Lau, the Singapore-based North Asia market head who also joined the bank this year from Credit Suisse. Leo […]

The post Deutsche Bank IPB bolsters North Asia offering with senior hire appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (Deutche Bank IPB) has continued its ambitious hiring spree in Asia-Pacific, naming former BNP Paribas Wealth Management (BNP Paribas WM) and Credit Suisse heavyweight bankers as market heads for North Asia. Kevin King and Stella Lau have been named managing directors and market heads of North Asia wealth management at the German private bank, according […]

The post Deutsche Bank IPB names heavyweights as North Asia market heads appeared first on Asian Private Banker.

Philanthropy is an important focus for the next generation of rich families in Asia as they prepare to take responsibility for the wealth their elders have built up. HNWIs and their families – those with a net worth of US$5 million or more – are expected to transfer a combined US$18.3 trillion across generations by 2030, of which Asia will account […]

The post Philanthropy key to $2.5 trillion generational wealth transfer appeared first on Asian Private Banker.

Climate change is at the forefront of investors’ thoughts when considering new investment opportunities, a new survey has found. More than half – 53% – of the 849 respondents to the second annual ESG Survey 2022 from Deutsche Bank Private Bank’s Chief Investment Office regard it as the most important ESG principle when allocating their assets. Additionally, 78% believe it is already having a severe […]

The post Climate change is top ESG concern for investors in 2022: Deutsche Bank survey appeared first on Asian Private Banker.

India will need to invest up to US$20 trillion to meet its ambitious energy transition and sustainability targets, according to the chief investment office of Deutsche Bank’s private bank. At the UN Climate Change Conference (COP26) in Glasgow in 2021, the South Asian country committed to achieving net-zero carbon emissions by 2070. At COP21 in Paris in 2015, India pledged […]

The post How much will India’s energy transition cost? US$20T, says Deutsche Bank IPB appeared first on Asian Private Banker.

UBP has appointed a new head of structured products for the region, Asian Private Banker can reveal. Karrie Fung has joined the Swiss pure-play as managing director, head of structured products Asia, according to an internal memo. In her new role, she will assist wealth management and investment services in creating timely and targeted structured product solutions for UBP’s Asian […]

The post UBP appoints new head of structured products for Asia appeared first on Asian Private Banker.

Asia knows few wealth management riddles more perplexing than Thailand. With its unstable politics, COVID-19-shattered tourism and export industries, supply chains in chaos and global interest rates rising, the nation might look less than hospitable to private bankers. But Narit Kosalathip at Kiatnakin Phatra Securities is not surprised to see the globe’s biggest banking powers angling for a slice of […]

The post Thailand’s growing wealth poses riddle for top private banks appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (IPB) has strengthened its discretionary portfolio management (DPM) expertise in Asia-Pacific with two new appointments. The German lender has appointed Stefanie Holtze-Jen as head of DPM for Asia-Pacific, and Harsh Agarwal as DPM head of fixed income, Asia, based in Singapore. Holtze-Jen will assume responsibility for DPM, in addition to her role as Asia-Pacific CIO. […]

The post Deutsche Bank IPB bulks up DPM unit in APAC with two major appointments appeared first on Asian Private Banker.

Two years after COVID-19 first prompted a market meltdown, private bankers and their clients say they have largely adapted to a new normal of remote working and virtual interactions, despite the pandemic causing significant disruption to prospecting. As Singapore lifts restrictions on vaccinated travellers and Hong Kong passes the peak of its fifth wave of coronavirus, Asian Private Banker spoke […]

The post “We only see our clients on screen”: How COVID-19 has changed the life of an RM appeared first on Asian Private Banker.

Since joining Deutsche Bank Wealth Management (Deutsche Bank WM) from HSBC in mid-2021, Chow Shang-Wei has had his hands full bulking up his team and mapping out expansion plans for the German lender’s private banking business in Southeast Asia. “My personal view is that there is a lot of potential for growth within the Southeast Asian region. We are seeing […]

The post Chow Shang-Wei hopes ‘open sky policy’ will help Deutsche Bank WM reach new heights appeared first on Asian Private Banker.

At a time when technology is driving the competitive edge in businesses to increase efficiency and create customer-centric solutions, two major players are seeking to boost their digital transformation this year to enhance decision making in the front office and deliver a better digital experience. ‘Hyperpersonalised advisory’ was the focus of panellists who took part in the What’s next in […]

The post Private banks upping tech game to mirror Netflix model appeared first on Asian Private Banker.

The pandemic impact on economic activities in South Asian countries can leave wealthy clients in need of additional liquidity to support their business. Deutsche Bank Wealth Management says its onshore presence in India has become its edge in serving South Asian UHNWs on rainy days, as it allows the bank to lend against onshore collateral after due diligence. Reflecting a […]

The post Our onshore India presence sets us apart in cross-border financing for South Asian clients: Deutsche Bank WM appeared first on Asian Private Banker.

An Asian Private Banker analysis of private banks recruitment trends in 2021 shows that Nomura, Deutsche Bank and Credit Suisse were the most active in hiring senior staff in the region, while Credit Suisse and Bank of Singapore saw a higher number of senior departures. Japan’s Nomura went on a hiring spree in Hong Kong and Singapore at the start […]

The post These Asian private banks were the most aggressive in recruiting senior staff last year appeared first on Asian Private Banker.

Many private banks are eager to expand their front office teams in view of the growing wealth creation in Asia. However, banks’ expansion plans in the past 12 months have been hampered by stringent quarantine measures in Hong Kong and mainland China, in addition to the relatively shallow private banking talent pool in Singapore. Asian Private Banker reached out to […]

The post Four PBs explain recruitment and retention strategies, differ on non-traditional hires appeared first on Asian Private Banker.

With vaccination rates lagging, COVID-19 lockdowns returning and political risks stirring, Southeast Asia might seem more trouble than it is worth for wealth managers. But that is not stopping some private banking heavyweights from forecasting robust returns from ASEAN markets in 2022. Take Alexandre Tavazzi, Asia CIO at Pictet Wealth Management: he offers the rationale that while these economies were […]

The post World’s biggest trade deal to boost ASEAN assets: private banks appeared first on Asian Private Banker.

BNP Paribas has hired Deutsche Bank’s former head of equity advisory, Asian Private Banker has learnt. Chris Zee rejoined the French giant earlier this month as managing director, head of equity advisory for Wealth Management Asia. In his new role, Zee will strengthen the French bank’s equity advisory platform, particularly with regards to its thematic product offerings. He will work […]

The post BNP Paribas hires head of equity advisory from Deutsche Bank appeared first on Asian Private Banker.

In order to fill the hiring gap created in 2020 as COVID-19 hit, private banks stepped up hiring throughout 2021, extending to the end of the year, when traditionally there is a significant slowdown in RM moves. Looking ahead, recruiters have diverging views on the RM hiring momentum of the Hong Kong’s private banking scene in 2022. Maple Yip, partner […]

The post Movers & Shakers – Dec 2021 appeared first on Asian Private Banker.

The former global co-head of advisory and investment solutions at Deutsche Bank Wealth Management has resurfaced at HSBC, Asian Private Banker has learnt. Tan Wei Mei has been appointed as the global and Asia head of advisory at HSBC to steer the creation of a unified advisory proposition globally across the wealth continuum at the bank, according to an update […]

The post Former Deutsche Bank WM advisory head resurfaces at HSBC appeared first on Asian Private Banker.

Two Greater China RMs from HSBC Global Private Banking have joined Deutsche Bank Wealth Management, Asian Private Banker has learnt. Priscilla Cho and Steven Ng have been appointed as directors in the North Asia team of Deutsche Bank WM. Both are based in Singapore and report to Tse Yi Mun, group head of North Asia. Tse was appointed in October […]

The post Two Greater China RMs join Deutsche Bank WM from HSBC GPB appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has announced a string of hirings in India across relationship management and investment advisory. Rajasekar Ayyalu has been appointed as director, based in Chennai. In his new role, he will be responsible for expanding and deepening Deutsche Bank’s presence in that region. He joins from Julius Baer, where he was executive director (investments). He has also […]

The post Deutsche Bank WM on hiring spree in India appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has recruited three senior bankers from rival institutions. Effective 22 November, Felicia Tan has been named director, team leader, and Edmund Tee vice president; and effective 25 November, Dita Darmawan has been appointed as director, according to an announcement by Deutsche Bank. Based in Singapore, Tan and Tee report to Urs Brudermann and Darmawan reports to […]

The post Deutsche Bank WM adds three to Southeast Asia team appeared first on Asian Private Banker.

The co-head of UBS Global Family Office for APAC is returning to Deutsche Bank after a hiatus of four years. Anurag Mahesh is rejoining the German lender as vice chairman for wealth management APAC, according to an internal memo seen by Asian Private Banker. Based in Singapore, Mahesh will report to Lok Yim, MD, head of International Private Bank, Asia […]

The post UBS GFO co-head rejoins Deutsche Bank as vice chairman for WM APAC appeared first on Asian Private Banker.

Deutsche Bank has been analysing its entire business portfolio with a view to developing detailed plans for its transition to net-zero banking. A spokesperson for Deutsche Bank said it has put ESG at the core of its strategy. The bank has been monitoring and measuring emissions and exposure to climate risk in its loan book and applying the same method […]

The post Deutsche Bank prepares for transition to net zero by investing in “nature-based solutions” appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has brought in a Singapore-based North Asia group head to grow the Greater China business in the region, Asian Private Banker has learned. Ex-HSBC private banker and market head for Hong Kong Tse Yi Mun has been nabbed by the German lender to become managing director and group head for North Asia. Tse, who has already started […]

The post DB WM drives Greater China growth in Singapore with appointment of North Asia group head appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has hired a managing director grade RM from Bank of Singapore, Asian Private Banker has learnt. Faye Lee has joined Deutsche Bank WM as a managing director, reporting to Terence Leong, group head of Southeast Asia, under the leadership of Chow Shang-Wei, head of Southeast Asia wealth management. According to the bank’s appointment notice, Lee will […]

The post Deutsche Bank WM nabs MD-ranked RM from Bank of Singapore appeared first on Asian Private Banker.

Effective communications strengthen the mental health of team members and foster constructive debate about work issues, according to Katherine Li, managing director, APAC head of structured products and derivatives business in Deutsche Bank International Private Bank. The COVID-19 pandemic — with its limits to office capacity and travel restrictions — has affected team members’ traditional ways of gathering, bonding and […]

The post Over-communication in challenging times boosts mental health of team: Katherine Li of Deutsche Bank appeared first on Asian Private Banker.

Banks participating in the apprenticeship programme of Hong Kong’s Private Wealth Management Association (PWMA) have been impressed by the depth and breadth of the local talent pool, PWMA told Asian Private Banker. Now in its fifth year, the apprenticeship programme received more than 4,300 applications from students at local universities. It managed to place 222 students in apprenticeship positions. By […]

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Singapore-based investment manager Lighthouse Canton on Monday announced the launch of chat messaging services through WhatsApp and WeChat, offering private wealth clients a secure and convenient way to communicate directly with relationship managers. The platform is accessible via a secure and centralised system that records and saves all conversations between clients and relationships managers. This means that relationship managers will […]

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Deutsche Bank Wealth Management has expanded its Southeast Asia team with the appointment of an FX advisory team lead. Divik Maheshwari joins the German lender as director, senior FX advisor, and will be leading the FX advisory team. Based in Singapore, Maheshwari reports to Law Coo-Way, managing director, head of Southeast Asia investment management. Maheshwari was most recently a macro […]

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August was a “frantic hiring period” with multiple private banks making significant appointments, both in terms of number and seniority. Certain banks bid farewell to their senior executives — for a variety of reasons. Seasoned head hunters expected the hiring momentum to continue through next year and pointed out that the trend of merging private and priority banking could offer […]

The post Movers & Shakers – August 2021 appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has picked its Southeast Asia investment management team head, Asian Private Banker has learnt. Alania Hsu Concepcion has joined the German lender as a director. She will work with clients and RMs, focused on investment advisory for the Southeast Asia market. Based in Singapore, Concepcion reports to Law Coo-Way, managing director, head of Southeast Asia investment […]

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Deutsche Bank on Friday announced the appointment of a new APAC head of wealth solutions coverage. Based in Singapore, Dominique Jooris will spearhead the bank’s coverage of large family offices, and third-party private banks. He will also be the senior liaison of Fixed Income & Currencies (FIC) between Investment Bank & International Private Bank, a spokesperson confirmed. Jooris was most […]

The post Deutsche Bank hires ex Pictet Singapore CEO as APAC head of wealth solutions appeared first on Asian Private Banker.

Deutsche Bank has made three appointments to drive its growth in Southeast Asia, according to a Monday press release from the bank. Urs Brudermann has joined as managing director, group head of Southeast Asia, reporting to Chow Shang-Wei, head of Southeast Asia. A wealth management veteran of over 20 years, Brudermann joins from Credit Suisse where he was team leader […]

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Deutsche Bank International Private Bank generated revenues of €820 million (US$974 million) in 2Q21, up 9% YoY, driven by sustained new business growth in investment products and loans in improved market conditions. James von Moltke, CFO at Deutsche Bank explained that the increase came against headwinds from continued deposit margin compression and negative foreign exchange (FX) translation effects. Deutsche Bank […]

The post Deutsche Bank IPB 2Q21 revenues up 9% on the back of recovering markets appeared first on Asian Private Banker.

Deutsche Bank is consolidating its international and German CIO offices for private banking with a view to providing a consistent house view to clients. The private banking and international private bank (IPB) chief investment offices of Germany’s largest lender by assets will be merged into a single unit to be led by Deutsche Bank IPB CIO Christian Nolting, Asian Private […]

The post Deutsche Bank consolidates IPB and German PB CIO offices to provide consistent house view appeared first on Asian Private Banker.

Deutsche Bank has hired three bankers from HSBC for its Southeast Asia wealth management business, including a group head Southeast Asia, Asian Private Banker has learned. According to an internal note seen by Asian Private Banker, Terence Leong started at the German lender on 1 July as group head Southeast Asia. He was most recently the UHNW market lead and […]

The post DB nabs trio for SEA market from HSBC PB appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (IPB) on Wednesday announced it is offering its income-focused clients in Europe and Asia four Strategic Income Allocation (SIA) funds to complement its flagship Strategic Asset Allocation (SAA) funds, launched one year ago. The SIA funds are based on Deutsche Bank IPB’s CIO multi-asset allocation approach and aim to generate a regular stream of income […]

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Credit Suisse Private Bank has appointed an industry veteran as deputy market group head and market leader for Indonesia, a newly created role created to consolidate the bank’s leadership in Indonesia and across the region. Effective 1 Sep 2021, Malcolm Tay will join the Swiss lender from Deutsche Bank Wealth Management, where he was most recently the Southeast Asia group […]

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The effort made by Deutsche Bank Wealth Management to optimise its onboarding process has yielded results: newly joined RMs are able to open client accounts and move assets with greater ease, despite pandemic-induced restrictions on in-person meetings with clients. Deutsche Bank’s determination to overhaul its onboarding process began in 2018 after an Asian Private Banker COO roundtable. Lok Yim, Deutsche […]

The post More new clients, significant NNA: Deutsche Bank WM reaps the fruits of its onboarding transformation appeared first on Asian Private Banker.

Deutsche Bank has announced the launch of its Environmental, Social and Governance Centre of Excellence (ESG COE) in Singapore, as private clients have become keener on using their investments to create a positive impact on the environment. The German lender’s ESG COE will focus on facilitating the execution of ESG transactions across all business divisions, including investment banking, corporate banking, […]

The post Riding wave of growing interest, Deutsche Bank opens ESG Centre of Excellence in Singapore appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has been reaping the fruits of its cross-divisional collaboration, with the volume of client activities reaching an all-time high since the launch of the One Bank Solutions (OBS) division in early 2019. That’s according to Joan Tse, managing director, OBS APAC, Deutsche Bank International Private Bank, who joined the Deutsche Bank WM Key Client Partners Group […]

The post PB-IB collaboration prospers at DB as clients seek post-pandemic investment opportunities appeared first on Asian Private Banker.

It may be a work in progress, but the private wealth management industry today is doing more to understand the needs of its female clients and capture the opportunity that comes with tailoring services, content, and products to this segment. That’s according to leading female private bankers who told Asian Private Banker that it is their mission to challenge widely held assumptions […]

The post Gaining comfort in your own skin (Part 2): Leading female bankers on understanding female clients, building a career appeared first on Asian Private Banker.

Major banks have been vocal in recent years about achieving a more gender-balanced senior management team, and the private banking industry in Asia has been doing better than its peers, whether compared to other parts of the world or to other segments in banking. On the occasion of International Women’s Day on 8 March 2021, female leaders at private banks […]

The post Gaining comfort in your own skin (Part 1): Leading female bankers on the gender landscape at PBs appeared first on Asian Private Banker.

A relentless drive to cut costs under CEO Christian Sewing’s “shrink-to-win” strategy and an ability to act as a one-stop shop for wealthy Asians at the helm of family-owned businesses helped Deutsche Bank AG withstand the double whammy of COVID-19 and lower interest rates. Losses before tax for the full year 2020 at the private banking business more than halved […]

The post Deutsche Bank’s “shrink-it-to-win-it” strategy delivers providence in pandemic appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has hired a senior relationship manager from Standard Chartered Private Bank as part of the South Asia team. Prashant Tayal has joined the bank as a director. He will report to Arjun Badhwar, managing director of the bank. Tayal has over 15 years of experience as a banker, predominantly covering markets in Southeast Asia, Dubai and […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Both Singapore and Hong Kong are placing a strong emphasis on cultivating a competitive and supportive environment for family […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Where do you see the best application of data analytics/machine learning in private banking? Lok Yim, Deutsche Bank We […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What important steps did your bank take to drive the sustainable investing agenda and to increase access to sustainable […]

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The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What key investment themes shape your bank’s 2021 outlook — and why? Tan Siew Meng, HSBC Private Banking Asia […]

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The pandemic may have compelled private banking clients to reassess their leverage and adjust their risk exposure, but BNP Paribas Wealth Management saw the total size of its loan book expand over the past year. As many of its private banking peers are facing margin pressure and rock-bottom interest rates, the French lender is seeking to bolster its wealth management […]

The post BNP Paribas WM loan book grows during pandemic, as new trends spawn creative solutions appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: In what ways has the COVID-19 pandemic irrevocably changed the private banking industry and your own bank’s approach to […]

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