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

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

HSBC recorded dramatic growth in its wealth net new money (NNM) and net new invested assets (NNIA) in 1Q26, despite private bank client balances dipping slightly. On top of growth in its wealth business as a whole, HSBC also reported growth in wealth fees for its International Wealth and Premier Banking (IWPB) and Hong Kong segments. This aligns with industry […]

The post HSBC 1Q26: Wealth NNM surges 70% as Hong Kong fees jump appeared first on Asian Private Banker.

Standard Chartered Wealth and Retail Banking (WRB) saw record wealth solutions income and affluent net new money (NNM), despite a minor dip in its assets under management (AUM). Standard Chartered saw strong momentum in 2025, delivering new highs in wealth solutions income and diversified growth across the wealth unit. This follows the trend recorded by Swiss giant UBS Global Wealth […]

The post Strong affluent inflows lift StanChart 1Q26 wealth income while AUM edges lower appeared first on Asian Private Banker.

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

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

Wrapping up FY25, HSBC delivered top- and bottom-line growth across its international wealth and premier banking (IWPB) and Hong Kong segments, alongside double-digit growth in its private bank client balances. The bank saw a 10% and 5% YoY profit before tax growth for IWPB and Hong Kong, respectively, while private bank client balances grew 17% YoY to US$566 billion. Combining […]

The post HSBC hits US$2.1tn milestone as Hong Kong wealth fees surge 40% appeared first on Asian Private Banker.

Standard Chartered’s wealth business delivered record wealth solutions income in 2025, as the group said it exceeded its three-year return target a year ahead of schedule. Underlying operating income for the wealth and retail banking business (WRB) rose 6% year-on-year to US$8.5 billion, according to the bank’s annual results. Wealth solutions income jumped 24% to a record US$3.1 billion, while […]

The post StanChart adds US$52bn in affluent NNM as wealth income climbs 24% appeared first on Asian Private Banker.

In a strong year for client portfolios, top US banks closed out 2025 with double-digit revenue and income growth for their wealth businesses. J.P. Morgan Asset and Wealth Management (AWM) saw its net income grew 19% YoY, while Morgan Stanley Wealth Management doubled net new assets YoY on top of a 13% YoY top-line expansion. Citi Wealth saw a 14% […]

The post Wall Street giants capture wealth earnings surge in 4Q25 appeared first on Asian Private Banker.

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

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

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.

US banks saw double-digit growth in net revenue and net income for 3Q25, alongside increases in assets under management (AUM) and client advisor headcount, according to recent earnings reports. Citi Wealth and J.P. Morgan Asset and Wealth Management (AWM) saw net income for the quarter grow 32% and 23% respectively, on a yearly basis, while Goldman Sachs captured a 40% […]

The post 3Q25: US banks post another quarter of double digit wealth growth appeared first on Asian Private Banker.

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

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

Standard Chartered Wealth & Retail Banking (WRB) experienced a record quarter for affluent net new money (NNM) in 2Q25, while also achieving a record performance in its Wealth Solutions segment under the WRB unit. According to the bank’s latest earnings report, affluent NNM for 2Q25 stood at US$15.6 billion, while Wealth Solutions income jumped 20%. This broadly aligns with the […]

The post StanChart hits wealth sweet spot with record NNM and performance appeared first on Asian Private Banker.

Wealth management giant UBS Global Wealth Management (UBS GWM) saw double-digit growth in profit before tax (PBT) for both its GWM unit and APAC GWM segment in 2Q25. At the same time, HSBC reported profit dips in both Hong Kong and International Wealth and Premier Banking (IWPB). According to the latest earnings reports, UBS GWM reported a 38% increase in […]

The post UBS GWM’s profits up post-integration, while HSBC stumbles post-reorg 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.

UBS Global Wealth Management (UBS GWM) has recorded positive growth in Asia Pacific as the Swiss giant presses ahead with the next phase of its integration with Credit Suisse. In GWM Asia Pacific, under the leadership of Amy Lo and Jin Yee Young, the bank’s 1Q25 revenue was up 9% YoY, or US$86 million, to US$1 billion, according to the […]

The post UBS GWM posts US$1bn revenue in Asia with integration “on track” appeared first on Asian Private Banker.

Hong Kong led the growth for HSBC’s wealth unit in Asia, which captured US$16 billion in net new invested assets (NNIA) in the first quarter of 2025. In 1Q25, HSBC Wealth, which includes private banking, asset management, insurance, and investment distribution, reported US$2.3 billion in fee and other income, up 23% from a year ago, according to the UK lender’s […]

The post HSBC sees optimism in Asia wealth business with US$16bn NNIA in 1Q25 appeared first on Asian Private Banker.

Standard Chartered delivered record wealth solutions performance in 2024, driving up the bank’s income thanks to strong affluent client onboarding momentum and net new money flows, the bank’s latest earnings report shows. Underlying operating income for Wealth and Retail Banking (WRB) in 2024 was US$7.8 billion, up 11% YoY and mostly driven by a record performance in wealth solutions, which […]

The post StanChart earnings: Record wealth solutions performance backed by affluent momentum appeared first on Asian Private Banker.

Asia continues to be a key driver for HSBC’s wealth business, with the region accounting for 73% of the bank’s net new invested assets (NNIA) in 2024, driven heavily by the Global Private Banking (GPB) unit, the bank’s latest earnings report shows. HSBC’s NNIA for its Wealth and Private Banking (WPB) business stood at US$64 billion in 2024, of which […]

The post HSBC earnings: Asia private banking unit drives asset inflows appeared first on Asian Private Banker.

DBS reported a record performance in 2024 supported by significant growth in wealth management fee income, according to its latest earnings report, sending its share price to new highs on Monday. The bank’s net profit rose 11% YoY to S$11.4 billion (US$8.42 billion) in 2024, with return on equity at 18.0%. For the 4Q24, net profit grew 10% YoY to […]

The post DBS books record profits backed by 45% wealth management fee growth appeared first on Asian Private Banker.

Swiss giant UBS Global Wealth Management (UBS GWM) recorded a marked increase in profit for Asia Pacific in 4Q24, while at the same time seeing net new asset (NNA) outflows in the region. UBS GWM’s profit before tax in Asia Pacific for 4Q24 reached US$271 million, increasing US$211 million YoY, and accounting for 31% of GWM’s global total. Total revenues […]

The post UBS GWM sees NNA outflows in APAC as profits increase appeared first on Asian Private Banker.

UBS’s profit before tax (PBT) nearly doubled YoY in Asia in 3Q24, as the Swiss giant continues forging ahead with the Credit Suisse integration. At a group level, the Swiss bank reported a net profit of US$1.4 billion for 3Q24, beating the LSEG poll’s mean forecast of US$667.5 million. PBT increased by US$159 million or 17% YoY, to US$1,085 million, […]

The post UBS records near-double YoY 3Q24 profit in Asia appeared first on Asian Private Banker.

HSBC’s 3Q24 profits beat market expectations due in part to a strong wealth performance in Asia, as the bank embarks on significant restructuring under new CEO Georges Elhedery. Profit before tax increased by 9.9% to US$8.48 billion in 3Q24 from last year. This was primarily attributed to revenue growth in Wealth and Personal Banking (WPB), which reflected higher customer activity […]

The post Strong Asia wealth performance boosts HSBC’s 3Q24 profit appeared first on Asian Private Banker.

HSBC’s investment and wealth solutions (IWS) unit, which builds solutions for mass affluent to UHNW clients, has seen its invested assets grow by over 20% YOY. IWS currently covers investment products solutions for both retail banking and global private banking and serves clients across the whole continuum, from the mass market, affluent (HSBC Premier), HNW, UHNW and family office. In […]

The post HSBC’s IWS assets up over 20% in Asia as private markets gain traction appeared first on Asian Private Banker.

UBS Global Wealth Management’s (UBS GWM) Asia Pacific profit before tax more than doubled year-on-year (YoY) in 2Q24 mainly driven by the integration with Credit Suisse. In APAC, UBS GWM’s profit before tax stood at US$310 million in 2Q24, up US$162 million, or 109%, from US$148 million in 2Q23. This was mainly driven by the consolidation of Credit Suisse revenues […]

The post UBS GWM APAC 2Q24 profit doubles following Credit Suisse consolidation appeared first on Asian Private Banker.

Singapore’s top three private banks – DBS Private Bank, Bank of Singapore (part of OCBC), and UOB Private Wealth – have all publicly announced ambitious AUM and/or RM headcount expansion targets (here, here and here), increasing the already fierce competition in the Lion City. Whether they are able to meet their targets is yet to be seen, but rising fees […]

The post Positive NNM inflows support Singaporean private banks’ ambitious AUM targets appeared first on Asian Private Banker.

HSBC’s Wealth and Personal Banking (WPB) unit attracted US$38 billion of net new invested assets (NNIA) in Asia in 1H24, representing 43% YoY growth as the bank continues to see strong wealth momentum in the region. WPB revenue decreased 11% YoY to US$14,312 million, while profit before tax dropped 25% to US$6,458 million, which contributed to 38% of the group’s […]

The post HSBC WPB attracts US$38bn NNIA in Asia; StanChart on track to hit 2026 targets appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) attracted net new assets (NNA) of US$6.4 billion in Asia Pacific in 1Q24, as the Swiss banking giant forges ahead with the integration of historic rival Credit Suisse. In Asia Pacific, UBS GWM’s profit before tax (PBT) increased by US$64 million to US$315 million for the quarter, the firm said in its recent earnings report. […]

The post UBS GWM soaks up billions of NNA in APAC amid Credit Suisse integration appeared first on Asian Private Banker.

Standard Chartered’s wealth and retail banking unit (WRB) recorded strong momentum in 1Q24 backed by positive net new money (NNM) flows. Previously known as consumer, private, and business banking (CPBB), Standard Chartered restructured its wealth management and consumer banking unit as WRB in April. It renamed its wealth management unit to “wealth solutions.” The wealth solutions unit covers investment products […]

The post 1Q24 earnings: StanChart sees strong NNM in wealth; DBS hits record profits appeared first on Asian Private Banker.

HSBC Group CEO Noel Quinn is to retire after almost four decades at the UK-based bank, which reported a muted performance in 1Q24 for its wealth and personal banking (WPB) business. The bank said in a statement on Tuesday that its board has begun “a formal process to find a successor, considering both internal and external candidates”. Quinn, who has […]

The post Noel Quinn to retire from HSBC amid tough quarter for WPB unit appeared first on Asian Private Banker.

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

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

Amid soaring interest rates, Standard Chartered’s Consumer, Private and Business Banking (CPBB) unit saw 60% profit growth partly attributable to a recovery in its wealth management business and a 20% income growth in Asia. On a yearly basis In FY23, Standard Chartered’s CPBB profit before tax grew 60% to US$2,487 million, with operating income up 22% to US$7,106 million. This […]

The post Wealth management recovery bumps StanChart CPBB profit by 60% appeared first on Asian Private Banker.

HSBC’s wealth and personal banking (WPB) unit raked in a more-than-double increase in profit before tax for FY23, boosted by higher interest rates and a revamp of its international proposition. In addition, the British lender attracted US$84 billion of net new invested assets within WPB and saw an increase in WPB new-to-bank international customers in Singapore of 76% YoY. In […]

The post HSBC’s wealth business enjoys bumper 2023 on higher interest rates appeared first on Asian Private Banker.

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

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

UBS Global Wealth Management’s (GWM) operating profit before tax for FY23 dropped 28% YoY due in part to costs relating to its ongoing integration with Credit Suisse, despite a 12% jump in total revenue, according to the firm’s recent earnings report. In addition, UBS GWM attracted US$131.7 billion in net new assets in FY23, with Asia contributing the most net […]

The post UBS GWM profit down 28% amid Credit Suisse integration, despite 12% revenue jump 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.

Chinese wealth manager Noah Holdings said it will continue to recruit private bankers from Asia’s wealth hubs as the firm saw overseas revenue sharply surge in the first three quarters of the year amid its global expansion strategy. With 77 relationship managers in its Hong Kong and Singapore offices as of 3Q23, the company is remaining on pace to hit […]

The post Chinese wealth manager Noah continues RM hiring spree amid global expansion appeared first on Asian Private Banker.

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

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

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

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

UBS Group has recorded a loss of US$255 million driven by integration-related expenses, according to the Group’s Q3 results on Tuesday. The bank still secured net new money (NNM) of US$22 billion in Global Wealth Management (GWM) driven by asset win-back, new clients and share-of-wallet gains. Net new money was positive across all regions, but particularly strong in APAC. Net […]

The post UBS posts quarter-billion loss driven by integration, despite NNM gains appeared first on Asian Private Banker.

HSBC Wealth and Personal Banking (WPB)’s revenue recorded a 71% jump from the previous year, hitting US$6.7 billion in the third quarter of 2023. In 3Q23, HSBC’s WPB unit saw a 71% YoY jump in revenue, reaching US$6.7 billion, according to the bank’s most recent earnings report. However, when compared to the previous quarter, revenue is down 7%. HSBC owed […]

The post HSBC’s wealth and personal banking revenue up 71% appeared first on Asian Private Banker.

Standard Chartered’s wealth management income saw double-digit QoQ growth this quarter, the highest since 1Q22. According to the bank’s latest earnings report, wealth management income was up 18% QoQ to US$526 million in 3Q23. This is the highest quarterly income the bank has recorded since 1Q22, when wealth management income reached US$530 million. “Wealth Management has continued its recovery with […]

The post Standard Chartered’s wealth management income sees double-digit growth appeared first on Asian Private Banker.

UBS Global Wealth Management (UBW GWM) soaked up US$16.2 billion in net new money in 2Q23, a record for quarterly net new money in over a decade. APAC contributed US$1.8 billion, or 11% of the net new money. In 2Q22, UBS GWM recorded net new money outflows of US$17.6 billion. While transaction-based income from UBS GWM reduced 6% YoY to […]

The post UBS hits decade-high in quarterly net new money appeared first on Asian Private Banker.

HSBC’s Wealth and Personal Banking (WPB) business has recorded a 41% increase in revenue while capturing strong growth in Asian net new invested assets (NNIA). Revenue for WPB reached US$7.2 billion as of the end of 2Q23, compared to US$5.1 billion in the same period a year earlier. Within the WPB unit, Personal Banking revenue for 2Q23 jumped 51% compared […]

The post HSBC WPB revenue up 41% with strong growth in Asian NNIA appeared first on Asian Private Banker.

Standard Chartered has reported a 10% YoY increase in wealth management income for 2Q23 while reporting huge increases in affluent net new money. The growth, which comes after five consecutive quarters of drops in wealth management income, reflects the gradual economic recovery from easing covid restrictions in the bank’s key footprint markets, according to Standard Chartered’s announcement on Friday. Compared […]

The post StanChart reports increasing WM income while soaking up new affluent cash appeared first on Asian Private Banker.

Standard Chartered reported a 17% decrease in wealth management income for 2022 due to risk-adverse customer sentiment and the impact of COVID-19 restrictions, the Asia-focused bank announced on Thursday. For 4Q2022, wealth management income fell 19% YoY on a constant currency basis. “As we go into 2023, we are optimistic that as these factors recede, the wealth management business can […]

The post Standard Chartered wealth management income down 17% for FY22 appeared first on Asian Private Banker.

Swiss lender Credit Suisse suffered almost CHF100 billion in outflows from its wealth management business in 2022, as clients withdrew their deposits amid a major strategic overhaul. Announcing its full-year earnings on Thursday, Credit Suisse said there were CHF92.7 billion of wealth management outflows during 4Q2022. The majority of these were outflows of deposits, the bank said, and about two-thirds […]

The post Credit Suisse suffers nearly CHF100bn of net outflows in 2022 appeared first on Asian Private Banker.

UBS Global Wealth Management (UBS GWM) attracted US$60 billion in net new fee-generating assets (NNFGA) globally for 2022 and US$23 billion in 4Q2022, including a strong performance in Asia-Pacific, as the Swiss private bank defied market volatility and weak investor sentiment. On a regional basis, UBS GWM soaked up US$14 billion of NNGFA for the year in Asia Pacific, according […]

The post UBS defies volatility to record 4% GWM profit growth in 2022 appeared first on Asian Private Banker.

Credit Suisse announced a major overhaul of its business including the sale of its securitised products business and the revival of its CS First Boston investment banking brand, as the Swiss bank’s wealth management business reported shrinking profits and client outflows. The bank, whose business in the past two years has been rocked by the Archegos Capital Management and Greensill […]

The post Credit Suisse unveils latest revamp as pressure mounts on WM appeared first on Asian Private Banker.

Asia-focused bank Standard Chartered reported a strong performance in 3Q22 even as income from its wealth management business fell by 15%. The London-headquartered group’s underlying profit before tax in the quarter surged by 35% to US$1.4bn YoY, a release on Wednesday said, fuelled by its markets unit’s record business performance, of which income was up 21%. Higher interest rates also […]

The post StanChart’s 3Q2022 profit climbs despite drop in WM income appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) sees a silver lining in 3Q22 earnings in Asia because of the level of positive inflows to the bank. The APAC region underperformed compared to EMEA and the Americas, with profits before tax (PBT) dropping 19% YoY to US$237 million. Invested assets stood at US$412 billion in Asia in 3Q22, with net new fee generating […]

The post UBS GWM sees disappointing 3Q2022 in Asia appeared first on Asian Private Banker.

HSBC reported good momentum in its Wealth and Personal Banking (WPB) business in 3Q2022, with revenue rising 25% YoY to US$6.3 billion, marking a turnaround from a challenging 1H2022 for the UK-based lender. That jump was propelled primarily by the impact of a higher interest rate environment and balance sheet growth on the group’s personal banking business, HSBC said in […]

The post HSBC WPB enjoys decent 3Q2022 despite tough times for wealth business appeared first on Asian Private Banker.

The stomach-churning market performance and the impact of China’s pandemic control measures combined to batter the 1H22 results of many Asia-focused PBs. Below is a rundown of the causes for the dismal 1H22 earnings at key players in the region: Universal banks feel impact of pandemic measures in China and Hong Kong For HSBC, global revenue at Wealth and Personal […]

The post What’s behind disappointing 1H22 earnings for PBs in Asia? appeared first on Asian Private Banker.

Record profits at the wealth franchise of UBS Group AG in Asia Pacific helped the Swiss financial major absorb losses from the Archegos blowout that ensnared fierce rival Credit Suisse Group AG. Group-wide net profit for 1Q21 rose 14% YoY to US$1.8 billion, on the back of a 33% increase in group-wide invested assets to US$4.2 trillion across global wealth […]

The post UBS dodges Archegos bullet thanks to trading by wealthy APAC clients appeared first on Asian Private Banker.

Noah Holdings has achieved solid fourth quarter and full year results amid challenging market and regulatory conditions, according to the firm’s latest earnings report. Noah’s group president Kenny Lam said that the earnings in 2016 had beaten their profit guidance, singling out upgrades to its wealth management business.  “2016 was a year in transition – in market, in regulation and […]

The post Noah posts solid WM results in Q4 appeared first on Asian Private Banker.

Julius Baer’s net new money inflows continued to accelerate off the back of strong contributions from its Asia, Middle East and Western Europe markets in the second half of 2016, according to the Swiss pure-play’s latest earnings report. After what the bank called a “modest start” to the year, net new money increased by 4% or CHF12 billion in the […]

The post Asia key contributor to Julius Baer’s net new money inflows appeared first on Asian Private Banker.

Credit Suisse Private Banking has seen further growth in its Asia assets under management, reaching a record high at the end of Q3, according to the bank’s latest financial statement. Strong net new money flows (+CHF4.6 billion) pushed the private bank’s Asia AUM to a record CHF169 billion (US$173.7 billion) – an increase of 21.58% on the previous year (+6.75% […]

The post Credit Suisse PB’s Asia AUM reach record high appeared first on Asian Private Banker.

DBS expects to add S$23 billion in wealth management client assets – including S$6 billion in HNW wealth – to its books as a direct result of its acquisition of ANZ’s wealth management and retail banking business in five markets across Asia. Announced today, the deal will bring DBS’ total private banking and Treasures Private Client assets under management to S$115 billion […]

The post ANZ deal will boost DBS WM AUM by S$23 billion appeared first on Asian Private Banker.

Following a meek second quarter performance, J.P. Morgan’s global private banking assets under management inched up 2% quarter-on-quarter, with total private banking client assets also increasing marginally, according to the lender’s third quarter earnings report. The American lender grew its AUM from US$425 billion to US$433 billion in Q3 after two consecutive quarters of decline, although this down 1% in yearly terms.  Structural shifts […]

The post J.P. Morgan’s PB AUM up 2% in Q3 appeared first on Asian Private Banker.

Morgan Stanley’s wealth management (WM) division posted an 8% decline in profits for the year’s second quarter, although the bank reached a new high in terms of client assets in fee-based accounts, according to its latest earnings report. Second quarter pre-tax income for WM – which includes the bank’s private wealth management business – dipped 2.9% from the same quarter […]

The post Morgan Stanley WM’s fee-based assets reach new high amidst limp Q2 performance appeared first on Asian Private Banker.

Revenues for Goldman Sachs’ investment management division – which includes private wealth management – dropped 18% year-on-year (YOY), even as the bank’s overall earnings beat expectations at the year’s midway point. Second quarter net revenues for investment management reached US$1.353 billion, up 1% from the previous quarter (US$1.345 billion) but substantially down from a year earlier, when revenues reached US$1,648 […]

The post Goldman Sachs investment management revenues drop 18% appeared first on Asian Private Banker.

Citi posted less than impressive second quarter results for its private banking division with its revenue remaining stagnant, dropping slightly by 1% from the first quarter of 2016. Citi’s private banking revenue stood at US$738 million, according to its latest second quarter earnings. The revenue marks a 1% drop quarter-on-quarter and a 1% decline year-on-year. It also accounts for almost […]

The post Citi Private Bank’s revenues stay flat quarter-on-quarter appeared first on Asian Private Banker.

J.P. Morgan’s global wealth management business has put in a pallid second-quarter performance, with revenues remaining flat and private banking client assets dropping for the second straight quarter, according to the bank’s latest earnings report. Revenue for the global wealth management unit – which includes private banking – inched up 3% from the first quarter to US$1.52 billion. That also […]

The post J.P. Morgan’s private banking AUM shrink for second straight quarter appeared first on Asian Private Banker.

Bank Julius Baer has shrugged off any negative impact stemming the Swiss franc’s gain against the dollar and the pound, recording a 2% rise in global assets under management (AUM) for the first four months of 2016. As of the end of April 2016, AUM stood at CHF 305 billion (US$308.9 billion), according to the bank’s latest interim management statement. […]

The post Julius Baer AUM rise 2%, 30 RMs added in four months appeared first on Asian Private Banker.

The wealth management division of German lender, Deutsche Bank, recorded an 8% year-on-year drop in net revenue over the past quarter. Net revenue of Deutsche Bank’s wealth management unit was €498 million (US$566.9 million) for Q1 2016, a drop of 8% from €539 million (US$613.5 million) year-on-year,  and 2% quarter-on-quarter. The bank attributed this drop to lower fee income due […]

The post Deutsche Bank WM Q1 revenues slips appeared first on Asian Private Banker.

Against the backdrop of challenging market conditions and muted client activity, Morgan Stanley’s global wealth management unit registered a drop of 4.3% in revenues for the year ending 2015. The wealth management division of the American lender posted losses across the board. Its net revenues were down 2% in the first quarter of 2016 and 4% year-on-year to US$3.67 billion. […]

The post Morgan Stanley Wealth Management revenue falls 4.3% appeared first on Asian Private Banker.

Despite economic volatility, varying monetary policy effects and negative currency effects in 2015, LGT posted positive earnings for 2015, with its global assets under management (AUM) rising by 2.7% to CHF 132.2 billion (US$135.6 billion). The Liechtenstein-headquartered bank saw its group profits, which includes its private banking and asset management divisions, rise by 27.9% to CHF 211 million from CHF […]

The post LGT’s global AUMs rise by 2.7% appeared first on Asian Private Banker.

Following the performance of its private banking counterparts in Asia, Bank J. Safra Sarasin reports that its assets under management (AUM) was marginally higher, year-on-year. The Swiss bank’s AUM for Asia sat at US$15.3 billion, a slight rise from its US$15 billion in 2014. Overall headcount for the private bank which includes its relationship managers in the region stood at […]

The post Bank J. Safra Sarasin Asia AUM slightly up in 2015 appeared first on Asian Private Banker.

The UK lender’s group CEO has confirmed robust speculation that the bank intends to sell its Asian wealth management business, with various bidders said to be frontrunning, while announcing a net loss in 2015 for the bank of £394 million (US$547 million). “We are leveraging the track record and expertise of our non-core management team by making a one time expansion […]

The post Barclays’ group chief confirms exit of Asian private bank appeared first on Asian Private Banker.

UOB’s group retail segment, which includes its private banking division, saw profits increase by 12.1% to S$1.4 billion (US$999.8 million) in 2015, driven by high income from wealth management clients, its latest year-end results found. This segment covers the consumer, privilege, business and private banking units at the Singaporean lender. The private banking arm is defined as catering to high […]

The post UOB reports higher wealth management income appeared first on Asian Private Banker.

Boosted by positive inflows from Asia, Switzerland and the European Union, Geneva-based Pictet posted a revenue income rise of 3% in 2015, while consolidated net profit fell by 2%, according to its latest earnings release. Operating income rose to CHF2.1 billion (US$2.1 billion), Pictet added. In addition, assets under management (AUM), under its asset management and wealth management divisions, also upped […]

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Despite market turmoil in the first weeks of the year, Vontobel’s wealth management division posted a 3.5% increase in client assets year-on-year, according to the latest reports. The Swiss lender’s private bank saw its global client assets rise to CHF 35.1 billion (US$36 billion). The number of client advisors also increased by 7% for the private banking unit. However, Vontobel’s […]

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Boosted by the gradual return to growth in Europe and strong inflows from Asia, BNP Paribas Wealth Management’s global assets under management (AUM) stood at 327 billion euros (US$366 billion), a 3% rise from 318 billion euros (US$349 billion) as reported in the third quarter. BNP Paribas groups the WM arm together with its asset management and insurance businesses. AUMs for […]

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Assets under management (AUM) for Credit Suisse Private Banking in the region was relatively unchanged at CHF150.4 billion (US$149.5 billion) in 2015 over the previous year, with pre-tax income rising by 11% year-on-year to CHF344 million (US$342 million), the group’s full-year financial results showed. The number of relationship managers in Asia also increased to 590 from 520 in 2014, with the bank aiming […]

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Amid global market turmoil, high regulatory and litigation costs, and the exit of its Australian business, UBS Wealth Management’s (WM) Asia division posted in 2015 a slight drop in assets under management (AUM) and relationship manager (RM) headcount. AUM in Asia stood at US$266.8 billion as at end-2015, a 1.9% year-on-year drop from US$272 billion in 2014. The Swiss major’s […]

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Boosted by the acquisition of Coutts International, Union Bancaire Privee (UBP) saw its assets under management (AUM) rise by 11.5% to CHF110 billion (US$108 billion) in 2015 over the previous year. While the strong Swiss franc impacted the pure play’s operating results, which reached CHF152 million (US$149 million), AUM jumped as result of inflows from institutional clients and those coming […]

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Despite a negative currency impact, global assets under management (AUM) for Julius Baer grew by 3% to CHF 300 billion (US$293 billion), according to the latest 2015 full-year results. The Swiss pure play saw its AUM grow to CFH 300 billion (US$293 billion) and its underlying profit improve by 20% to CHF 701 million. Commenting on the bank’s strong performance, […]

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Driven by higher loan and deposit balances, Citigroup global private banking revenues increased by 3% year-on-year, according to its latest fourth quarter earnings report. Citi Private Bank’s global revenues increased to US$691 million against Q4 2014, though it represented a quarter-on-quarter fall from US$715 million in Q3 2015. Overall, Citigroup’s revenues rose from US$17.9 billion in the fourth quarter of […]

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JP Morgan’s global wealth management (WM) revenue fell slightly in the last quarter of 2015, off the back of the recent US$307 million US regulatory settlement. Global WM which includes both J.P. Morgan Private Bank and J.P. Morgan Securities, generated US$1.4 billion in revenue in the fourth quarter of 2015, down 2% year-over-year but up 1% from the previous quarter, […]

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Income from Standard Chartered Private Banking’s third quarter results fell by 15% due to the impact of business exits and performances. The Asia-based lender’s income sat at US$435 million, down from US$469 million a year ago, due in part to weaker demand for wealth management products in Hong Kong and Singapore. Excluding business exits, income was down by 9% in the […]

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Despite positive asset inflows from the wealth management (WM) arm in the domestic and Asian markets, the French lender’s global assets under management (AUM) for WM fell to 316 billion euros (US$349 billion) from 331 billion euros, a 4% drop quarter on quarter. BNP Paribas groups the WM arm together with its asset management and insurance businesses. Revenues from this […]

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Lower market valuations from recent volatility and reduced client activity saw Deutsche Asset & Wealth Management’s (AWM) global revenues drop 5% year-on-year in the third quarter of 2015. Net revenues were US$1.31 billion, down from US$1.39 billion at the end of the third quarter of 2014. Transaction fees also declined year on year, reflecting lower performance fees in alternative and […]

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The wealth management unit of Morgan Stanley saw revenues fall by 4% as of the third quarter year on year, due to the sharp fall in the S&P index as fears of an economic slowdown in China sparked a broad market sell off in August. Morgan Stanley’s global wealth management unit stood at US$3.6 billion as of Q315, down 6% […]

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LGT reported positive flows across the board as it saw revenue rise by 15% and group profit increase by 27% in Q2 year on year. However its assets under management (AUM) dipped slightly. Total revenue for the Liechtenstein-headquartered private bank, which also includes its asset management division, rose to US$582 million, while profit jumped to US$138.9 million. The bank’s AUM […]

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The private banking arm of ABN AMRO saw its bottomline jump 63% year-on-year to US$97.6 million, driven by high operating income and business from the acquired German private banking activities of Credit Suisse. ABN AMRO Private Banking’s revenue also rose to US$383 million, a 13.5% year-on-year increase,  partly due to the sale of premises in Guernsey in Q2 2015. The […]

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As the banking group continues to streamline its banking and regional units, Standard Chartered (StanChart) Private Bank saw global profits plunge by 96% year-on-year in the first half of 2015. StanChart Private Bank’s profits fell by US$68 million to US$3 million due to increased impairment provisioning, the bank said in its latest financial report. Revenue from the private bank dipped […]

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Bank of East Asia’s (BEA) private banking profit grew to US$44.9 million revenue in the first half of the year, from US$28.9 million a year ago. This came on the back of a revenue hike to US$56 million, from US$40.8 million in H1 2014. The double digit growth in both topline and bottomline was driven by double digit growth in interest […]

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