Morgan Stanley Private Wealth Management (PWM) Asia has appointed a private banking veteran as sales manager for Greater China, Asian Private Banker has learnt. Harry Lai has taken up the new role in addition to his previous position as an advisor to PWM Asia focusing on investment representative recruitment, including mentoring efforts and sales management initiatives, people familiar with the […]

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China’s household wealth has grown with leaps and bounds over the last 20 years and that could translate into RMB 170 trillion (US$25 trillion) being addressable by wealth managers by 2030, according to Morgan Stanley estimates. Since 3Q21, mainland China’s zero COVID policy has thrown up particular challenges, but that has not stopped some international private banks from beefing up […]

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Morgan Stanley Private Wealth Management Asia has announced the retirement of the current co-head of sales for Greater China, according to an internal memo seen by Asian Private Banker. Vivien Webb will retire from the firm and the private banking industry in 1Q22. She started her private banking career in 1986 and joined Morgan Stanley PWM Asia in 2014. Webb […]

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Morgan Stanley Private Wealth Management is preparing to roll out a second discretionary portfolio in Asia that draws upon the firm’s flagship Global Best Business Models (GBBM) research. While details of the new mandate remain under wraps, Ernest Chan, managing director and head of investment management services, PWM Asia, told Asian Private Banker that it is essentially an “enhanced version” […]

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One of Morgan Stanley Private Wealth Management’s newest investment offerings in Asia, a thematic equity discretionary mandate that harnesses the bank’s research on best business models, has enjoyed strong initial demand from clients, as risk sentiment holds firm. Within a month of the portfolio going live in the region, the bank quickly signed up a few clients with meaningful size […]

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In reaction to a strong pickup in client demand in 2019, several private banks in the region expanded their alternative offerings which were being snapped up by clients. In the second part of the alternative investment-focused story, private banks share their house recipes for sourcing the best alternative deals for clients. Credit Suisse Private Banking Because most alternative products have […]

The post The third way (Part 2) — PBs on platform revamps for alternative investments in 2019 appeared first on Asian Private Banker.

With clients still licking their wounds after a particularly painful 2018, private banks in the region shared with Asian Private Banker that allocations to alternatives have surged, revealing a previously latent demand in private and non-traditional markets. Credit Suisse Private Banking According to Salman Shah, Credit Suisse Private Banking’s Singapore head of alternative fund solutions, the bank’s SAA currently advises […]

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Morgan Stanley Private Wealth Management in Asia will continue to place emphasis on alternatives in 2019, with a pipeline that features a flurry of opportunities in private debt, private equity, and real estate, and a soon-to-launch venture capital platform. Alternatives focus “In the last few years, Morgan Stanley PWM has placed significant focus on alternatives and this year will be […]

The post Investment advisory outlook 2019: Morgan Stanley PWM Asia maintains alternatives focus, looks to launch VC platform appeared first on Asian Private Banker.

Positive US earnings in the coming quarter or two will be the primary determinant for an equity exposure upgrade, according to Morgan Stanley Private Wealth Management, which believes the call could trigger momentum. “When our analysts speak, the market listens” “In equities, clients are still more reluctant to build significant positions despite better levels as they already have certain exposure […]

The post “If our US equity call changes, momentum could come back”: Morgan Stanley’s Ernest Chan appeared first on Asian Private Banker.

Adherence to empirical portfolio management theories about staying invested and keeping cash allocations low are materially limiting mandate performance at private banks, according to one seasoned private banker who believes wider flexibility for discretionary managers is key during volatile periods. Global markets across both stocks and bonds have broadly registered either flat or negative returns year-to-date, spelling difficulties for active […]

The post Should discretionary managers stay invested or boost cash to avoid volatility? appeared first on Asian Private Banker.

Uncertainty in global markets has led Morgan Stanley to advise its private banking clients in Asia against excessive allocations to traditional asset classes and into alternatives, with the private bank raising close to US$500 million through private equity investments over the last 12 months alone. “With our house view calling for more market volatility since the end of last year, […]

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Private banking clients in Asia are demonstrating limited preference for fixed income exposure given uncertainty about rising rates, with flexible, unconstrained bond managers reaping the benefits from new inflows. According to Ernest Chan, Morgan Stanley Private Wealth Management’s Asia head of investment management services, market sentiment has been the major risk for fixed income markets and this has the potential […]

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Despite a strong global equity rally and a still low-yield environment, fixed income flows have continued to dominate at private banks in Asia. However, Ernest Chan, Morgan Stanley’s Asia head of investment management services for the bank’s private wealth management arm, urges investors to reconsider their strategy in 2018 should they continue to opt for leveraged bonds. Stable macro growth […]

The post Does it make sense to use 50% of yield to pay for leverage? Morgan Stanley thinks not appeared first on Asian Private Banker.

Morgan Stanley’s wealth arm in Asia continues to make headway in its efforts to grow fee-based income, says the bank’s regional investment management services head, who adds that the firm’s discretionary portfolio management (DPM) business has generated positive returns for almost every client account since launching. “In light of the dynamic fast flow of smart money in the globalisation investment […]

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Although investor sentiment remains mixed in Asia, Morgan Stanley Private Wealth Management managed to capitalise on improving fundamentals, posting its best-ever quarter in terms of investment activities particularly related to fee-based activities. “The first quarter of 2017 has been an all-time record high in investment activities for us in Asia,” says Ernest Chan, managing director, head of Asia investment management […]

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