Since Eric Morin took over as head of Southeast Asia, UBP has significantly expanded its team of relationship managers, rapidly increasing its headcount for Southeast Asia as part of its ambitious strategy to capitalise on wealth opportunities in key markets like Singapore, Indonesia, Malaysia, and Thailand. The RM team in Singapore has grown “by over 50% since the beginning of […]

The post UBP doubles down on RMs to capture Southeast Asia wealth boom appeared first on Asian Private Banker.

UBP has made leadership changes in Hong Kong and Singapore, including the appointment of a former HSBC Global Private Banking (HSBC GPB) executive as its North Asia head, according to an internal memo seen by Asian Private Banker.  After 12 years with UBP, Ranjit Khanna, head of South Asia and Singapore branch chief executive, will step down from the role. […]

The post UBP appoints former HSBC banker as North Asia head in leadership reshuffle appeared first on Asian Private Banker.

Union Bancaire Privée’s hiring spree in Asia has not had the effect of cushioning the drop in income from low interest rates back home, even as acquisitions and hiring related expenses weigh on near-term profit growth. For the half year period that ended in June, the Geneva-based wealth and asset manager’s net profit dropped 6.8% YoY to CHF 100.2 million […]

The post UBP’s Asia hiring spree is yet to help with padding up profits appeared first on Asian Private Banker.

Union Bancaire Privée (UBP) has added to its senior ranks in North Asia with a trio of recent appointments, Asian Private Banker can reveal. Frankie Tong has joined the pure-play as head of investment consultants, North Asia, while Gigi Liu and Connie Chan have been named senior relationship managers based in Hong Kong. Tong was previously with Deutsche Bank Wealth […]

The post UBP adds trio of senior bankers in Hong Kong amid advisory, discretionary drive appeared first on Asian Private Banker.

Under the leadership of Eric Morin, Union Bancaire Privée’s North Asia franchise is making deep inroads into the subregion’s coveted UHNW segment. How? Morin, UBP’s head of North Asia and Hong Kong branch chief executive, tells Asian Private Banker it’s all about product diversity, close collaboration with the bank’s asset management arm, and smart hiring — and the progress shows […]

The post UBP’s Eric Morin: “Real progress” appeared first on Asian Private Banker.

Union Bancaire Privée’s prudent approach to recruiting is paying dividends for its Hong Kong business, where around two-thirds of AUM growth over the past three years can be attributed to new relationship managers (RMs). That’s according to Eric Morin, UBP’s Hong Kong chief executive, who on Monday unveiled three new senior relationship managers: Flora Kam, Ula Ju, and Mary Cheung. […]

The post UBP adds three senior RMs in Hong Kong as headcount surges 30% in 12 months appeared first on Asian Private Banker.

Confirming Asian Private Banker’s earlier report about the future prospects of a former BNP Paribas WM China market head, UBP has internally announced the appointment of its new vice chair, Asia. Alfred Tsai has joined UBP as vice chair, Asia, according to an internal memo seen by Asian Private Banker on 13 November. The news follows Asian Private Banker’s exclusive August […]

The post UBP nabs former BNP Paribas WM market head to drive North Asia growth appeared first on Asian Private Banker.

Post-integration, Union Bancaire Privée (UBP) has evidently hit the ground running in Asia with the hire of a new Philippines team head. UBP appoints Ricardo Choi, a former BNP Paribas private banker, as a managing director and team head for the Philippines market, to based in Hong Kong. When contacted, a spokesperson for the bank confirmed the new hire. Choi had […]

The post UBP hires new Philippines team head from BNP WM appeared first on Asian Private Banker.

More than a year after the departure of J. Safra Sarasin’s former Singapore CEO, Eric Morin, the pure play has appointed a former Société Générale private banker as his successor. Benedikt Maissen joins the Swiss-headquartered private bank as its new Singapore CEO and head of the Southeast Asia business, effective April 1, 2016, reporting to Enid Yip, CEO of Asia. […]

The post J. Safra Sarasin hires new Singapore CEO appeared first on Asian Private Banker.

Coutts’ Asia business is to lose one of its most senior private bankers to retirement in the midst of the pure-play’s integration with Union Bancaire Privée, according to an internal memo seen by Asian Private Banker.  The note confirms that David Lam, Coutts’ head of North Asia market covering Greater China and the Philippines, will retire after three years on the job and […]

The post Coutts market head steps down, UBP head steps in appeared first on Asian Private Banker.

Following a town hall meeting in Asia with staff of both Coutts and Union Bancaire Privée (UBP), Michel Longhini, UBP executive managing director, private banking, gives Asian Private Banker an update of ongoing developments of the integration. “Clearly, the teams are being reinforced by some of our people but as you know, UBP in the region has had a limited set […]

The post More than 90% of UBP Asia staff to be imported from Coutts appeared first on Asian Private Banker.

It’s time for a midyear review of the industry. Asian Private Banker takes a look at the top five defining moments not just across the private banking board, but also in the specific niches of Products, Regulations, Technology and People Moves. We look at people moves in this article. A new wave of Asia leadership at HSBC Private Bank Few weeks after HSBC’s […]

The post APB Midyear Review – People Moves appeared first on Asian Private Banker.

Union Bancaire Privée’s (UBP) AUM will double after absorbing 60%-70% of Coutts’ Asian client assets once integration is complete, even as UBP’s global earnings slipped 3% in the first half of the year. The Geneva-headquartered pure play has reportedly US$2 billion in AUM in Asia. However, the acquisition of Coutts’ international private banking business will boost this AUM to just over […]

The post UBP AUM likely to double post Coutts acquisition appeared first on Asian Private Banker.

I made a promise last month to look beyond the unorthodox world of mergers and acquisitions amongst private banks and I intend to stick by it. But…the path to perdition is paved with good intentions. So here goes. Julius Baer, a bank that until quite recently was considered a “boutique” wealth manager, has proved it can be more aggressive than […]

The post Lights, camera, action – theatrics in the world of private banking appeared first on Asian Private Banker.

UBP, the Swiss private bank dominating headlines for its acquisition of the international assets of Coutts last month, is expected to announce a new CEO for Asia. The leadership change was communicated to select members of senior management on Monday. Michel Longhini, head of the global private banking function at the bank, has chosen a former BNP Paribas colleague Eric […]

The post UBP to name new Asia CEO appeared first on Asian Private Banker.

After just over a year in the role, the CEO of Bank J.Safra Sarasin’s Southeast Asia business has stepped down. Eric Morin has resigned, a bank spokesperson confirmed today. Morin leaves after just over one year in the role of managing director and CEO, Singapore branch and Southeast Asia, reporting to Enid Yip, Asia CEO. An industry veteran, he moved to the […]

The post J. Safra Sarasin loses Southeast Asia CEO appeared first on Asian Private Banker.

Asian Private Banker presents a first-of-its kind league table of frontline staff at private banks in the region. Despite concerns over an acute shortage of – and a resultant bidding war for – talent, an in-depth investigative study reveals that nine private banks have increased headcount by over 15% year-on-year. ¹ Asian Private Banker estimates. ² Figures include clients with investible assets of over […]

The post Asian Private Banker Asia RM Headcount League Table 2013 – Independent, Authoritative, Indispensable appeared first on Asian Private Banker.

J. Safra Sarasin promotes its Hong Kong deputy branch manager of four years to branch manager. Ken Leung was deputy branch manager for the Hong Kong branch since 2010. He continues to report to Enid Yip, CEO, Asia. Leung joined the Swiss bank in 2006 as vice president, business development before becoming country control officer, North Asia in 2009. Prior […]

The post J. Safra Sarasin appoints new branch manager in Hong Kong appeared first on Asian Private Banker.

BNP Paribas’ re-alignment of its wealth management business has just claimed its latest casualty as the bank’s Hong Kong-based chief investment advisor resigns. Andrew Freris, whose frequent appearances on television and in print media made him one of the bank’s best-known spokespersons in Asia, has resigned from his position after 14 years with the bank. Although neither the bank nor […]

The post BNP Paribas Wealth Management’s chief investment advisor resigns appeared first on Asian Private Banker.

The outgoing global marketing head for Bank of Singapore’s NRI team is expected to take on a larger role at J. Safra Sarasin. Yelandur N. Nagendra is set to join the boutique bank as deputy head of Asia, a significant promotion from his last position as alternate chief executive, Hong Kong branch, managing director and global marketing head, India subcontinent. […]

The post Heard on the Street: Bank of Singapore team head to be regional head at Sarasin appeared first on Asian Private Banker.

A senior banker and managing director on BSI’s Southeast Asia team has joined rival boutique bank Sarasin, further proof that the race for talent in Asia’s private banking industry is not slowing down. Jennie Hananto left Lugano-headquartered BSI in August this year after three years with the bank. At the time of her departure, a spokesperson for the bank said […]

The post BSI’s loss to be J. Safra Sarasin’s gain? appeared first on Asian Private Banker.

J. Safra Sarasin welcomes a former managing director from HSBC Private Bank to its Singapore office. Jeffrey Benjamin joins the pure-play as a managing director, client advisory. In his new Singapore-based role, Benjamin will report to Eric Morin, chief executive officer, Singapore branch and Southeast Asia after joining in late November last year from BNP Paribas Wealth Management. Prior to joining J. Safra […]

The post J. Safra Sarasin welcomes HSBC Private Bank managing director appeared first on Asian Private Banker.

Bank J. Safra Sarasin has hires a former DBS private banker in a senior advisory role.  Singapore-based Geraldine Low Ai Ping, erstwhile senior vice president, team leader and senior client partner at DBS Private Bank, joins the Swiss private bank as managing director, client advisory. Low, a finance veteran with over 20 years’ experience, will report to Eric Morin, chief […]

The post Former DBS private banker joins J. Safra Sarasin in Singapore appeared first on Asian Private Banker.

A former relationship manager from Barclay’s private banking arm joins BNP Paribas Wealth Management, servicing the Hong Kong markets. Kevin Lam joins the French private bank as a director and senior relationship manager following a two-year stint with the British lender. When contacted, a spokesperson for BNP Paribas Wealth Management confirmed the move. BNP Paribas Wealth Management rapidly continues to […]

The post Former Barclays private banker joins BNP Paribas Wealth Management appeared first on Asian Private Banker.

In an announcement that has confirmed Asian Private Banker’s exclusive reporting last November, Sarasin appoints former “BNP lifer” as chief executive officer, Southeast Asia. Eric Morin joins the Swiss boutique private bank following the exit of the former Southeast Asia head, Grace Barki, who subsequently joined RBC Wealth Management as head of South East Asia. In his new Singapore-based role, […]

The post Sarasin replaces Barki with new Southeast Asia head appeared first on Asian Private Banker.

As reported exclusively by Asian Private Banker on November 14, BNP Paribas has appointed a replacement for Eric Morin, its former head of international and other Asian markets. Eric Aubin, global head of wealth planning solutions at the French bank, will relocate from Paris to Singapore for his new role. He will report to Mignonne Cheng, chairman and CEO of […]

The post BNP Paribas Wealth Management announces a replacement for Morin appeared first on Asian Private Banker.

French behemoth BNP Paribas has moved swiftly to fill the vacancy left by the surprise resignation of Eric Morin, head of international and other Asian markets, late last month. “BNP lifer” Morin will be succeeded by Eric Aubin, global head of wealth planning at BNP Paribas Wealth Management. Aubin is expected to relocate to Asia for the new role; he […]

The post BNP Paribas finds a replacement for Morin appeared first on Asian Private Banker.

Swiss private bank Sarasin, which was acquired last year by the Safra Group for US$1.12 billion, is believed to have made a significant addition to its team in Asia. Eric Morin, a “BNP lifer” whose resignation after 25 years with the bank less than two weeks ago came as a surprise to colleagues and industry watchers, is believed to have […]

The post Heard on the street: senior banker from BNP Paribas resurfaces at Sarasin appeared first on Asian Private Banker.

French bank BNP Paribas has lost one of its most senior private bankers and its head of international and other Asian markets in a move that has left colleagues and industry watchers shocked. A “BNP lifer”, Eric Morin spent more than 25 years with the bank before his surprise resignation earlier this week.  As a result of the bank’s reorganisation […]

The post BNP Paribas loses one of its most senior private bankers and head of international and other Asian markets appeared first on Asian Private Banker.

BNP Paribas has announced a new organizational structure for its wealth management division in Asia Pacific, according to a statement issued by the bank. The bank has decided to focus on areas with the greatest market potential and the six key markets identified in the Asia Pacific region are Hong Kong, China, Taiwan, India, Singapore (including Malaysia and Indonesia) and […]

The post BNP Paribas Wealth Management Asia-Pacific announces new organizational structure appeared first on Asian Private Banker.