An increase in private wealth in Taiwan, underpinned by the booming semiconductor market, has prompted private banks to scramble to meet the growing demand for first-rate onshore wealth management, spurring many to kick-start their digitalisation efforts or fall behind their peers. The TAIEX, the main index of Taiwan’s stock exchange, is up 42% YTD, outperforming the S&P 500’s 9.2% YTD […]

The post Taiwan private banks ramp up digital push amid chip-fuelled wealth boom appeared first on Asian Private Banker.

Having drafted UBS’s first private banking e-business strategy in 2001, Wiwi Gutmannsbauer has witnessed the development of a 25-year strategy that continues to drive the bank’s digital transformation efforts today. “Going to a bank should not be like going to a dentist. It should be an interaction that is convenient, fast, and tailored to what clients really need,” said the […]

The post Agentification and Lego blocks? Inside UBS’s digital transformation appeared first on Asian Private Banker.

HSBC Private Banking has launched a secure messaging platform to facilitate clients’ communication with RMs and investment counsellors (ICs). The functionality dubbed as HSBC GPB Chat allows clients to communicate with RMs and ICs through the channel of their choice, including WhatsApp and WeChat, with functions such as two way document sharing and video or audio conferencing. In the next […]

The post HSBC launches PB-specific messaging platform appeared first on Asian Private Banker.

COVID-19 may well have accelerated digital adoption in the PB industry, but half of the PBs incorporated in Hong Kong are still unable to conduct compliant communications on instant messaging (IM) tools. The Private Wealth Management Association (PWMA) and the FinTech Association of Hong Kong (FTAHK) last week jointly hosted a webinar on the application of IM tools in the industry. Following […]

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A cogent argument could be made that UBS Global Wealth Management is entering its most important phase since arriving in Asia over fifty years ago. Yes, it is the region’s largest offshore-focused private bank by a number of measures and it is probably private banking’s most recognised brand. But the coronavirus pandemic has amplified dynamics that are reshaping — and […]

The post UBS’s Amy Lo and August Hatecke: “Great chemistry, successful revamp” appeared first on Asian Private Banker.