CICC International Wealth Management (CICC International WM) is building out automated discretionary portfolio management (DPM) solutions to capture surging demand under Hong Kong’s New Capital Investment Entrant Scheme (New CIES). The tech-led compliance push comes as CICC International WM seeks to accelerate asset growth across its flagship “China Top 50 Intl” and “Global 50” fund of funds strategies, leveraging DPM […]

The post CICC International WM deploys DPM tech to capture CIES flows in Hong Kong appeared first on Asian Private Banker.

Standard Chartered’s capital market products and solutions desk recorded a 50% to 60% year-on-year surge in structured product traded notional across North Asia in the first half of 2026, driven by heightened equity volatility and expanded digital automation. Speaking to Asian Private Banker, Nicolas Rigois, global head of capital market products & solutions, revealed that private banking clients in Hong […]

The post StanChart North Asia structured products volume jumps 60% on volatility, automation appeared first on Asian Private Banker.

Franklin Templeton has hired another former private banking senior investment executive as part of its wealth push in Asia. Based in Hong Kong, Steven Xia joined the US asset manager as a director for private markets, Asia wealth. A spokesperson for Franklin Templeton confirmed Xia’s appointment and added that he will report to Jiun Wen Chee, head of private markets, APAC wealth. […]

The post Ex-UBP Asia private markets head joins US$1.8tn fund manager appeared first on Asian Private Banker.

Standard Chartered has launched a gold income strategy under its Variable Capital Company (VCC) platform with Allianz Global Investors (Allianz GI) as the sub-manager. The Signature Select Enhanced Gold Income Fund combines investments in gold exchange-traded funds (ETFs) with a covered call strategy to provide gold exposure and income, according to a statement on Tuesday. Under the agreement, AllianzGI’s global […]

The post StanChart taps gold with AllianzGI VCC income fund appeared first on Asian Private Banker.

Asian boutique external asset managers trying to break the elusive “US$1 billion in AUM” status are competing in an overly crowded environment that makes it difficult to scale because of increasingly cautious investors and a mixed bag of EAMs – some good, and some not so, Wayne Mo, CEO of AL Capital, told Asian Private Banker. “Beyond the traditional big […]

The post Asia’s independent wealth managers face hard US$1bn ceiling, says AL Capital CEO appeared first on Asian Private Banker.

Private bankers transitioning to Asia’s independent wealth sector are demanding record salary hikes, but external asset manager (EAM) leaders warn that many struggle to shed legacy “product-pushing” habits. This, Kelvin Leong, CEO, Merliance Capital, told Asian Private Banker, applies especially to senior private bankers with established books and skills, such as Mandarin proficiency and cross-border structuring experience. “We’ve seen base […]

The post Private bankers joining EAMs can’t shake “product pushing” mindset appeared first on Asian Private Banker.

In July 2026, several private banks deepened their investment expertise by hiring additional product specialists to their teams. The flurry of appointments comes as ultra-wealthy families and individuals are pushing deeper into increasingly complex alternative investment products, prompting relationship managers (RMs) to rely more on their investment colleagues for support. Movers in July Simultaneously, former UBS South Asia Pacific CIO […]

The post Movers & Shakers: Private banks strengthen investment benches as RMs call for backup appeared first on Asian Private Banker.

HSBC recorded double-digit top-line and AUM growth for its wealth business in 1H26, extending its growth momentum after a quarter of strong net new money growth. Outside of its wealth business growth, HSBC also delivered single-digit top-line and double-digit bottom-line growth driven by higher fees for its International Wealth and Premier Banking (IWPB) segment. This puts HSBC in similar territory […]

The post HSBC 1H26: Asia wealth balances reach US$1.1tn with private banking fee momentum appeared first on Asian Private Banker.

Wealthy families and professionals are returning to Hong Kong, driven by competitive local tax incentives and rising geopolitical volatility abroad, according to BMP Wealth CEO Howard Clark-Burton Speaking to Asian Private Banker, Clark-Burton highlighted the city’s recently gazetted tax bill as a decisive factor for asset managers escaping high-tax regimes in London and Singapore. “Without a shadow of a doubt, […]

The post “The bankers are coming back”: Tax relief fuels Hong Kong comeback – BMP Wealth CEO appeared first on Asian Private Banker.

The numbers in this year’s Relationship Manager Compensation Report 2025 reveal more than who pays the highest salaries, whether Hong Kong still leads Singapore, or what drives RMs to move between institutions. They also offer clues about where Asia’s private banking industry is heading. Here are my two cents on what they tell us. Private banking is changing, and so […]

The post Bottom Line: RM compensation tells a bigger story appeared first on Asian Private Banker.

Independent wealth manager WRISE Group has made an investment of HK$30 million (US$3.82 million) to establish WRISE AI Labs to accelerate AI adoption across the group. Launched on Thursday in Hong Kong, the lab will focus on automating routine client servicing and providing advanced analytics, giving advisers more capacity to focus on client relationships, Derrick Tan, group executive chairman of […]

The post WRISE Group commits HK$30mn to accelerate AI adoption appeared first on Asian Private Banker.

Bank of Singapore has halved its account-opening timeline to 15 business days using a new AI platform, the Singaporean bank said during a media briefing on Wednesday. Called HELIOS (Holistic wEalth Lifecycle Insights & Ongoing Surveillance), the platform’s ability to cut account-opening times – assuming no client document delays –is well ahead of the Monetary Authority of Singapore’s target for […]

The post Bank of Singapore halves client onboarding time with AI platform appeared first on Asian Private Banker.

Following a US$330 million fine in May 2026 on three brokerages for illegal cross-border trading, Beijing’s rising scrutiny has prompted a quiet retreat among some of Hong Kong’s private banks. By early June, several global private banks began deferring mainland events and tightening travel reviews, opting for caution as capital controls intensified. The regulatory moves against illegal offshore securities operations […]

The post Will China’s cross-border capital curbs drive a rush to MRF and WMC? appeared first on Asian Private Banker.

The post Relationship Manager Compensation Report 2025 appeared first on Asian Private Banker.

RBC Wealth Management (RBC WM) has made six senior appointments split across Hong Kong and Singapore, continuing its strategic recruitment efforts in the region. Based in Singapore, Shirley Tee has joined RBC WM as a managing director and team head for North Asia, according to a statement on Monday. Tee joins from Bank of Singapore, where she was a team […]

The post RBC WM makes six senior hires in HK and SG, including ex-BoS team head appeared first on Asian Private Banker.

UOB Private Bank has announced ambitious targets for asset, revenue and hiring growth in Hong Kong. The Singaporean bank aims to grow Hong Kong assets under management (AUM) and wealth revenue fivefold by 2030, according to a statement on Thursday. The bank is also targeting to triple client advisor headcount, supported by continued investment in talent, advisory capabilities and technology. […]

The post UOB Private Bank to launch Hong Kong booking centre, triple advisor headcount appeared first on Asian Private Banker.

A senior investment executive at HSBC in Hong Kong is set to depart after seven years with the bank, Asian Private Banker has learnt. Lina Lim, head of funds & discretionary, Hong Kong, Wealth and Premier Solutions at HSBC, is leaving the bank, sources told APB. A spokesperson for HSBC confirmed that Lim will leave HSBC at the end of […]

The post HSBC’s Hong Kong head of funds & discretionary Lina Lim to exit appeared first on Asian Private Banker.

A confluence of factors is redirecting wealth towards Hong Kong, which will further stoke competition between independent wealth managers and private banks for a larger share of capital and talent, Kenny Ho, founder and managing partner, Carret Private, told Asian Private Banker. The strong Hong Kong IPO market has minted many wealthy Chinese individuals. Meanwhile, Taiwan’s AI and chip-led boom […]

The post What’s fuelling Hong Kong’s wealth comeback? Three drivers, says US$10bn IAM appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired two FX specialists from Deutsche Bank for its Hong Kong team, while making two additional appointments in Singapore for client coverage and wealth advisory, Asian Private Banker has learnt. In Hong Kong, Calvin Yue has joined the bank as an executive director on the FX direct access clients team, while Ellis Chu has also […]

The post J.P. Morgan Private Bank hires four across Hong Kong and Singapore appeared first on Asian Private Banker.

Private banks in Asia are gearing up to push further into alternative investments, with four in five firms planning to increase client allocations over the next year. This surge in demand is steering capital back toward hedge funds and liquid alternatives, which have emerged as the dominant sub-asset classes in Hong Kong and Singapore. While allocations to alternative investments in […]

The post APB Alts Barometer: 80% to increase alts allocations as hedge funds dominate appeared first on Asian Private Banker.

Julius Baer has made a few senior hires in Hong Kong across its relationship management and financial intermediaries businesses, Asian Private Banker has learnt. Based in Hong Kong, Kelly Ho has joined Julius Baer as a senior relationship manager in the Southeast Asia team, reporting to Agatha Chan, group head for Southeast Asia, according to sources familiar with the matter. […]

The post Julius Baer boosts Hong Kong bench with rival bank hires appeared first on Asian Private Banker.

A Hong Kong-based multi-family office has appointed a banking veteran to spearhead the expansion of its external asset management (EAM) platform, marking the latest sign of a broader talent shift from traditional banks to independent wealth spaces. Atlas Capital Asset Management (HK) announced on Tuesday the appointment of Alex Cheung, the former head of the institutional banking group and alternate […]

The post Ex-DBS exec joins MFO to drive EAM growth appeared first on Asian Private Banker.

Ongoing macroeconomic headwinds and currency fluctuations are pushing the cost of a premium lifestyle to new heights, with Asia Pacific now playing host to half of the world’s ten most expensive cities. According to Julius Baer’s 2026 Global Wealth and Lifestyle Report, the cost of living a premium lifestyle, tracked by its lifestyle index, rose by 10.2%. Singapore retained its […]

The post Singapore tops, Bangkok joins rich cities club: Julius Baer study appeared first on Asian Private Banker.

Wealthy European clients who would traditionally have favoured Switzerland as an alternative booking centre are increasingly looking to wealth hubs in Asia, Lucie Hulme, chief executive officer, TriLake Partners, told Asian Private Banker. “An increasing number of wealthy clients in Europe and other parts of Asia want greater diversification,” Hulme said. “Back then, when European clients said they wanted diversification, […]

The post Wealthy Europeans increasingly choosing Asia over Switzerland – US$5bn EAM appeared first on Asian Private Banker.

HSBC Private Bank (HSBC PB) has hired a former senior market head at DBS Private Bank to strengthen its Taiwan coverage, Asian Private Banker has learnt. Based in Hong Kong, Gloria Sun will join HSBC PB as market head of offshore Taiwan, reporting to Kanas Chan, head of private banking for North Asia and Hong Kong, effective 13 July 2026, […]

The post HSBC PB taps ex-DBS private banker to strengthen Taiwan push appeared first on Asian Private Banker.

Stablecoins are the missing link that could bridge the multi-trillion-dollar gap between global private wealth and the burgeoning cryptocurrency market, which for years has spooked investors because of its volatility and lack of regulation, Chi-man Kwan, group CEO and co-founder of Raffles Family Office, tells Asian Private Banker. “Once you introduce stablecoins, you start linking both worlds,” Kwan said, referring […]

The post “I have 10,000 Bitcoins – can you manage that?”: Raffles Family Office CEO appeared first on Asian Private Banker.

Hong Kong private bankers are streamlining client interactions, and rescheduling some mainland marketing events as compliance teams refine internal practices in response to Beijing’s closer scrutiny of cross-border capital flows. Following China’s recent US$330 million in cumulative fines against three online brokerages for unauthorised offshore trading, Hong Kong regulators have tightened oversight, requiring banks and brokers to enhance scrutiny of […]

The post Hong Kong wealth managers adapt as cross-border rules change appeared first on Asian Private Banker.

Cathay United Bank’s offshore private banking unit is exploring opportunities for closed-end structures to expand its product shelf for the second half of 2026, according to Hyde Sun, section head of private banking investment consultant for the lender’s Hong Kong branch.  The move targets wealthy clients willing to lock up capital and endure the “J-curve” – the typical early period […]

The post Cathay United Bank eyes closed-end funds for offshore clients appeared first on Asian Private Banker.

RBC Wealth Management (RBC WM) has made a raft of senior hires from rival banks to strengthen its Hong Kong team. Amanda Yeung has been appointed as a managing director and team head, according to a statement on Thursday. Yeung has over 25 years of wealth management experience. She joins RBC WM from China Construction Bank (Asia), where she was […]

The post RBC WM boosts Hong Kong bench with senior hires from rivals appeared first on Asian Private Banker.

Cathay United Bank(CUB) has made a senior appointment to strengthen its private banking team in Hong Kong, Asian Private Banker has learnt. Maggie Lau recently joined the bank’s Hong Kong Branch as head of sales for private banking. Her licence with the bank, registered on the HKMA website, took effect in late April. CUB has been contacted for comment. Lau has more […]

The post Cathay United Bank hires ex-Credit Suisse banker in Hong Kong appeared first on Asian Private Banker.

HSBC Private Bank has launched HSBC Access, a new offering aimed at ultra high net worth individuals (UHNWIs) and family offices, giving eligible clients access to selected venture capital funds, private market opportunities and technology investments sourced across the bank. The platform combines investment opportunities, market insights and networking events focused on technology and innovation sectors. For the first time, […]

The post HSBC Private Bank brings innovation banking deal flow to wealthy clients appeared first on Asian Private Banker.

Chinese mainland customers can still open bank accounts in Hong Kong “smoothly” as lenders implement new regulatory requirements, the Hong Kong Monetary Authority (HKMA) said on Saturday. “The banking industry has implemented the new regulatory requirements set out in the HKMA circular to ensure the account opening process is compliant and orderly,” a spokesperson for the HKMA said. “Chinese mainland […]

The post HKMA: Mainland account openings in Hong Kong unaffected by new rules appeared first on Asian Private Banker.

Union Bancaire Privée (UBP) more than doubled its net new money (NNM) in North Asia for 2025 while capturing surging brokerage and wealth planning revenues, North Asia region head and Hong Kong CEO Teresa Lee told Asian Private Banker. Revenue for the North Asia business grew nearly 15% yoy in Swiss franc terms, driven by brokerage fees — which accounted […]

The post UBP doubles North Asia NNM as brokerage and wealth planning surge appeared first on Asian Private Banker.

By leveraging its billionaire backing and a principal-led model that rejects traditional transaction fees, Hong Kong’s Sun Hung Kai & Co. is targeting ultra high net worth families that want institutional-grade alternative co-investments but lack the internal headcount to source them alone. The Hong Kong-listed firm managed HK$24.6 billion (~US$3.2 billion) in 2025, with its principal capital drawn from its […]

The post SHK & Co. bets on alignment over fees to win Asia’s ultra-wealthy appeared first on Asian Private Banker.

Raffles Family Office has hired two wealth planning heads for Greater China and Southeast Asia.  Based in Hong Kong, Daniel Lai has joined the US$2 billion AUM multi-family office firm as an executive director, head of wealth planning, Greater China. Lai began his role today, according to an internal memo seen by Asian Private Banker. He will focus on cross-border […]

The post Raffles Family Office hires wealth planning heads in Hong Kong, Singapore appeared first on Asian Private Banker.

Hong Kong’s Hang Seng Bank has made a senior appointment to its private banking business, Asian Private Banker has learnt Effective 1 June 2026, Eric Li will assume the role of market head for Hang Seng Private Banking, reporting to Theodore Mak, head of retail distribution at Hang Seng Bank, according to an internal announcement seen by APB. In response […]

The post Hang Seng Private Banking appoints HSBC veteran as market head appeared first on Asian Private Banker.

LGT has hired several former private wealth professionals at China Merchant Bank International (CMBI) in Hong Kong, Asian Private Banker has learnt. Liu Jihu, Yang Peng, Dong Ting, and Li Yipan have recently joined the Liechtensteinian boutique private bank, sources told APB. Their HKMA licenses with LGT took effect recently. LGT declined to comment when contacted by APB. APB has […]

The post LGT hires former CMBI bankers in Hong Kong appeared first on Asian Private Banker.

Following a period of stagnation fuelled by the pandemic and a cooling Chinese market, private banks in Asia are resuming active hiring as wealth creation in the world’s second-largest economy regains momentum. However, competition for talent is also intensifying, with professionals with Mainland China experience in particular demand. Alongside increasingly competitive pay packages, banks are broadening their hiring criteria and […]

The post “China has been red hot”: Private banks in “high stakes talent war” for Mainland talent appeared first on Asian Private Banker.

KGI has tapped a UBS veteran for a senior leadership post, marking the firm’s latest move to bolster its wealth management capabilities, Asian Private Banker has learnt.  Based in Hong Kong, Michelle Shi has been appointed as CIO and head of asset management at KGI. KGI has been approached by APB for comment. A seasoned investment professional with over 20 […]

The post KGI hires UBS exec as CIO and asset management head appeared first on Asian Private Banker.

Partners Group has tapped Bank of East Asia for its first Hong Kong distribution partnership, expanding its private wealth reach in the city. The partnership will give BEA’s wealth management and high-net-worth clients access to a selection of Partners Group’s private markets investments, according to a statement released on Tuesday. The collaboration comes as BEA looks to broaden its wealth […]

The post Partners Group taps Bank of East Asia for Hong Kong wealth push appeared first on Asian Private Banker.

Two senior executives have left DBS Private Bank in Hong Kong, Asian Private Banker has learnt.  Gloria Sun, a senior market head in the bank’s North Asia team in Hong Kong, has recently resigned, sources told APB. Separately, Daryl Wong, another Hong Kong-based senior market head covering the Greater China market, has left the bank. His license relating to his […]

The post Two senior market heads depart DBS Private Bank in Hong Kong appeared first on Asian Private Banker.

Digital wealth platform Endowus is expanding its private markets push through a partnership with global energy infrastructure investor Copenhagen Infrastructure Partners (CIP).  The tie-up grants wealthy investors in Hong Kong and Singapore an entry point into greenfield renewable energy projects as global spending in the sector is projected to top US$4 trillion by 2030, according to a release on Tuesday.   […]

The post Endowus, CIP open green energy access for wealthy investors in Singapore, Hong Kong appeared first on Asian Private Banker.

A surge in demand from mainland Chinese investors is fuelling rapid growth in structured products at BNP Paribas Wealth Management, as clients seek higher yields and more transparent alternatives to domestic offerings. A significant driver behind the recent uptick is a new wave of mainland clients entering fixed-income structures, who accounted for the majority of new inflows in 2025, according to Gabriel […]

The post Mainland flows drive BNP Paribas WM’s structured products boom appeared first on Asian Private Banker.

With increasing conversations around discretionary portfolio management (DPM) as clients seek downside protection and allocations beyond conventional strategies, Asian Private Banker’s DPMLC Industry Pulse Survey shows that private banks in Hong Kong and Singapore report DPM penetration of 6–10%. Sixty-eight percent of participants plan to increase DPM penetration over the next 12 months, with outperformance against self-directed portfolios and family […]

The post DPM survey: Private banks eye bigger books, led by family offices and next-gen appeared first on Asian Private Banker.

Structured products specialist Goldhorse Capital has expanded its product suite and service capabilities for external asset managers (EAMs) amid rising competition to win over this booming segment. The Hong Kong-headquartered firm has integrated its affiliated securities business, Goldhorse Securities, into a unified operating framework, according to a statement on Tuesday. By unifying its businesses, Goldhorse Capital has expanded its product […]

The post Hong Kong’s Goldhorse Capital revamps business to boost EAM offerings appeared first on Asian Private Banker.

Growing geopolitical instability in the Middle East is driving a reassessment of global booking centres, providing a tailwind for Hong Kong’s newly expanded “Family Office 2.0” strategy, according to Jason Fong, global head of FamilyOffice HK. “Legal certainty and continuity are exactly the kind of assurances super‑rich families look for when choosing a jurisdiction for their family offices,” Fong told […]

The post Family Office 2.0: Can Hong Kong’s ‘safe pocket’ narrative win over skittish global wealth? appeared first on Asian Private Banker.

Two Hong Kong-based bankers have recently departed Citi Private Bank, Asian Private Banker has learnt. Charles Sit, director and a banker for ultra high net worth clients, and Lai Fai Yeung, a senior private banker, have left the US bank, sources familiar with the matter told APB. Citi Private Bank confirmed the departures of Sit and Lai to APB. Hong […]

The post Two bankers depart Citi Private Bank in Hong Kong appeared first on Asian Private Banker.

More than a year after the closure of VP Bank’s Hong Kong office, the move continues to prompt questions about the bank’s Asia strategy, and whether the decision marked a retrenchment or a reset. At the time, the closure came amid internal departures and a leadership reshuffle, fuelling speculation about client continuity and the bank’s long-term commitment to the region. […]

The post Inside VP Bank’s Hong Kong office closure — and what’s next? appeared first on Asian Private Banker.

The post Private Banking Hiring Report 2025 appeared first on Asian Private Banker.

Hong Kong is sweetening the pot for single-family offices (SFOs) by expanding tax concessions to include digital assets, specified commodities and precious metals, a move designed to cement the city’s status as a top-tier wealth hub amid fierce regional competition. It will introduce an amendment bill in the first half of this year, with a view to implementing it from […]

The post Hong Kong 2026 Budget: Government lures SFOs with tax concessions for gold, digital assets appeared first on Asian Private Banker.

While private banking clients in Asia are becoming more aware of alternative investments, the latest Asian Private Banker Alternatives Investment Barometer shows that portfolios in Hong Kong and Singapore still allocate an average of 6–10% to the asset class. The survey found that 85% of participants plan to increase clients’ exposure to alternatives over the next 12 months, with hedge […]

The post APB Alts Barometer: Increasing alts, main barriers, do RMs understand? appeared first on Asian Private Banker.

As Lombard Odier targets “strong, double-digit growth” in North Asia for 2026, its newly appointed Hong Kong CEO and head of North Asia markets, Alfred Low, is betting on three pillars: hiring, cross-border diversification, and a push into discretionary portfolio management. Five months into the role, the former Indosuez Wealth Management and HSBC Private Bank executive is strengthening the senior bench, expanding Taiwan coverage and sharpening the […]

The post “Strong, double-digit growth”: Lombard Odier’s North Asia chief details business push appeared first on Asian Private Banker.

Hong Kong-based independent wealth manager 3 Capital Partners is taking a less-trodden path in Asia’s wealth management space: offering ultra-high-net-worth (UHNW) clients a fully discretionary, buy-side investment experience since its founding instead of the common commission-based service. Founded a decade ago by former J.P. Morgan private banker Alex Yu, the firm aims to bridge what it sees as a critical […]

The post Hong Kong IAM 3 Capital Partners goes fully discretionary to serve UHNWIs appeared first on Asian Private Banker.

Topaz Family Office in Hong Kong has transformed from a single-family office (SFO) in 2012 to what co-founder Jim Kwok now describes as a hybrid family office and external asset manager (EAM). The move has paid off. The firm’s assets under management (AUM) have grown to about US$3 billion, up from US$1 billion in 2022, reflecting a broader shift among the […]

The post Hong Kong’s Topaz Family Office sees AUM surge after hybrid pivot appeared first on Asian Private Banker.

The number of single-family offices (SFOs) in Hong Kong has increased by around 25% over the past two years as the Asian financial hub continues to see strong growth momentum for its wealth management industry. Hong Kong has attracted an additional 681 SFOs to establish their businesses in the city since the end of 2023, when there were 2703 family […]

The post Hong Kong family office boom: New SFOs jump 25% in two years appeared first on Asian Private Banker.

Chubb Investment Management Hong Kong has launched a wealth management platform in the city, Chubb Wealth, targeting high net worth investors. Chubb Investment Management Hong Kong, a wholly owned subsidiary of Chubb, aims to provide digital investing and wealth management services for clients, covering the entire client lifecycle from onboarding through to execution and advisory services, according to a recent […]

The post Chubb launches wealth management platform in Hong Kong appeared first on Asian Private Banker.

Revo Digital Family Office (REVO DFO) has received regulatory approval to offer regulated investment advice and portfolio management services in Hong Kong, and will integrate digital asset services into traditional portfolio mandates. Revo FDO has obtained a Type 4 licence, allowing it to provide investment advice and research to clients regarding securities, and a Type 9 licence, allowing it to […]

The post Raffles Family Office’s crypto MFO gets green light in Hong Kong appeared first on Asian Private Banker.

Standard Chartered has hired a long-time Credit Suisse and UBS executive as part of its latest efforts to strengthen its private-client wealth management capabilities. Effective 2 February 2026 and based in Hong Kong, Raza Jafree has taken up the role of global head of private client sales at Standard Chartered, Asian Private Banker has learnt. In this role, Jafree will […]

The post StanChart hires ex-Credit Suisse veteran for global private client role in Hong Kong appeared first on Asian Private Banker.

Bank J. Safra Sarasin (BJSS) has appointed a veteran macro-strategist as chief investment officer (CIO) for Asia.  Effective today, Dong Chen has assumed the role of CIO for Asia. Chen joins from Pictet Wealth Management (Pictet WM), where he most recently served as chief Asia strategist and head of Asia research, according to a company statement. With more than two […]

The post Bank J. Safra Sarasin nabs Pictet WM’s chief Asia strategist for CIO role appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has promoted a market strategist to lead its macroeconomic capabilities in Asia, Asian Private Banker has learnt. Hong Kong-based Yuxuan Tang recently took up the role of head of macro strategy, Asia. Tang has nearly a decade of experience in macro research. She has been working for J.P. Morgan PB since 2019, and […]

The post J.P. Morgan PB appoints internal talent as head of macro strategy for Asia appeared first on Asian Private Banker.

US asset manager Federated Hermes will open an office in Hong Kong as part of its latest push to capture the growing wealth opportunities across Asia. The firm will focus its efforts this year on securing licensing approval from the Hong Kong Securities and Futures Commission (SFC) and completing the required registration for the newly planned office, according to a statement […]

The post US$871bn fund giant sets sights on Hong Kong to deepen private banking ties appeared first on Asian Private Banker.

HSBC Private Bank has made a series of senior appointments in Singapore and Hong Kong, according to an announcement on Friday. Among the new hires, Phaneendar Bhavaraju and Rangan Krishnan have joined the global India team in Singapore as senior relationship managers. Both report to Manoj Ramarao, senior desk head, global India, Singapore and Hong Kong. The hires target the […]

The post HSBC PB doubles down on global India and offshore China with senior hires appeared first on Asian Private Banker.

RBC Wealth Management (RBC WM) has hired a team head in Hong Kong, continuing the Canadian bank’s recent string of hires. Raymond Cheung has been appointed as a managing director and team head at RBC WM, Asian Private Banker has learnt. Cheung is a private banking veteran with over two decades of experience. He was most recently a managing director, […]

The post RBC WM hires former Julius Baer team head in Hong Kong appeared first on Asian Private Banker.

Pictet Wealth Management (Pictet WM) has made senior appointments across its front office and wealth planning services in Hong Kong, Asian Private Banker has learnt. Angela Chan has joined the Swiss bank in Hong Kong as a deputy market head for the China team, according to an internal memo seen by APB and confirmed by Pictet WM. Chan joined Pictet from Hang […]

The post Pictet WM strengthens Hong Kong bench with senior appointments appeared first on Asian Private Banker.

In 2025, North Asia’s private banking sector saw a golden moment amid rising market strength and sanguine sentiment, with Hong Kong supporting wealth creation through its capital markets. As we head into 2026, APB highlights five private banks to watch in Hong Kong. UBS GWM back to growth mode post CS integration Two years after the announcement of its shotgun […]

The post Five private banks to watch in Hong Kong in 2026 appeared first on Asian Private Banker.

DBS Bank has appointed a private markets expert to a senior position in Hong Kong, Asian Private Banker has learnt. DBS Bank has appointed Gregory Wu as the head of managed solutions for Hong Kong, a 14-year-plus veteran of the firm whose promotion comes as the bank seeks to bolster its managed solutions offerings in North Asia.  A spokesperson for […]

The post DBS promotes private assets expert to lead Hong Kong managed solutions appeared first on Asian Private Banker.

From record North Asia flows and the resumption of full-force hiring to digital assets and evergreen funds, Asian Private Banker looks back at the big stories that dominated headlines in 2025. 1. Hong Kong’s comeback: Record North Asia wealth flows Asia’s private banks experienced unprecedented growth in North Asia, with Hong Kong’s wealth industry bouncing back to near pre-pandemic levels, making the city […]

The post APB Wrapped: The top 10 Asia private banking trends in 2025 appeared first on Asian Private Banker.

A new dimension has entered the competition between Singapore and Hong Kong: the race to attract Asia’s growing philanthropic capital. As ultra-wealthy families embed impact and legacy into their wealth planning, both hubs are rolling out incentives, structural reforms and collaborative platforms to position themselves as the region’s preferred home for giving. Yet advisers say the rivalry is increasingly additive […]

The post Asia’s top giving hub? Singapore vs Hong Kong in the philanthropy race appeared first on Asian Private Banker.

Independent wealth manager WRISE is moving to cut brokers out of the equation, with founder Derrick Tan arguing that “middlemen don’t add value” as the firm seeks direct partnerships with global insurers to serve ultra high net worth (UHNW) clients. This “upstream” approach, developed over the last few years, has allowed the firm to fully customise and quickly launch structured […]

The post WRISE’s Derrick Tan: “Middlemen don’t add value” — EAM bypasses brokers appeared first on Asian Private Banker.

WRISE Group has appointed four senior executives across the Middle East and Asia to accelerate regional growth, the independent wealth manager said on Tuesday. Darren Ng has joined the firm as group CFO and will oversee the group’s financial strategy and operational efficiencies across WRISE’s global entities, with a mandate to strengthen the firm’s financial foundations to support regional growth, […]

The post WRISE strengthens leadership bench in Singapore, Hong Kong and Dubai appeared first on Asian Private Banker.

For the world’s elite private banks, office space is more than just a place to house staff. It’s where clients meet, deals are made, and generational relationships formed. Often housing bespoke artwork and well-being centres, while offering stunning views and state-of-the-art facilities, offices are a statement for the bank’s value proposition. And in private banking – being in the business […]

The post Revealed: This is the best private banking office in Hong Kong appeared first on Asian Private Banker.

This is a sponsored advertorial from HSBC Asset Management. For professional investors and intermediaries only. This document should not be distributed to or relied upon by retail clients/investors. Explore the benefits and risks of Hong Kong dollar money market strategies and how the asset class can potentially curb volatility in short-term rates. Author: Gordon Rodrigues, liquidity chief investment officer, Asia […]

The post Low-risk Hong Kong dollar solutions for liquidity management appeared first on Asian Private Banker.

The wait-and-see era is officially over. More than half (52%) of Hong Kong’s private wealth management firms are now actively investing in, or planning to invest in, virtual assets, a monumental shift that coincides with a 15% year-on-year surge in industry AUM. However, the nightmare of duplicating custody systems in Hong Kong, along with other regulatory hurdles, continues to create […]

The post Hong Kong private banks double down on digital assets as confidence soars appeared first on Asian Private Banker.

Lombard Odier has maintained a relatively quiet presence in Asia, but certain factors give the bank a competitive edge, even without a booking centre in Hong Kong, according to Omar Shokur, who became regional head of private clients, Asia, in March. Speaking to Asian Private Banker, Shokur outlined the bank’s strategy to “Asianise” its product platform, hire selectively, and strengthen […]

The post Lombard Odier eyes “at least 50%” more bankers in Asia: Omar Shokur appeared first on Asian Private Banker.

Paris-headquartered private investment firm Ardian has been aggressively pursuing talent in Hong Kong, accelerating its hiring drive as it announces its new Hong Kong office on Thursday. “As of now, we have eight people working full-time [in the Hong Kong office]. We’re still looking for six to seven more people to join us. Hopefully, in the next six to 12 […]

The post Another alts manager heads to Hong Kong to tap the wealth bonanza appeared first on Asian Private Banker.

As the saying goes, you reap what you sow. And for Invest Hong Kong’s (InvestHK) Jason Fong, Hong Kong’s family office boom is no accident but the result of several years of intense effort behind the scenes, looking to sow the wind to reap the whirlwind. Fong joined InvestHK in 2023, tasked with revamping Hong Kong’s family office ecosystem. This effort, […]

The post “Now, we’re harvesting”: Jason Fong on Hong Kong’s next family office push appeared first on Asian Private Banker.

Bank of Singapore is seeking to strengthen its Greater China coverage by hiring two industry veterans in Hong Kong, according to a statement on Tuesday. The Singaporean lender also said it has already surpassed its Hong Kong AUM target for 2024-2026. Che Yan and Hank Chen have both joined Bank of Singapore’s Hong Kong branch as senior relationship managers under […]

The post Bank of Singapore hires two senior Greater China RMs in Hong Kong appeared first on Asian Private Banker.

Digital wealth platform Endowus has closed its latest fundraising round, raising over HK$540 million (US$70 million), the firm said on Wednesday. The equity round is led by London-based venture capital firm Illuminate Financial, with participation from key existing investors, Citi Ventures, Prosus Ventures and leading Asian family offices, according to a company release on Wednesday. The equity round has added […]

The post Asian family offices fuel Endowus’s latest US$70m fundraising as AUM tops US$10bn appeared first on Asian Private Banker.

A funds executive has left Indosuez Wealth Management (Indosuez WM) in Hong Kong, Asian Private Banker has learnt. Stanley Chan, who was most recently the head of asset management investor relations for Hong Kong at the French wealth manager, said in an online post over the weekend that his tenure concluded on 17 October 2025 due to “business reorganisation”. In […]

The post Funds veteran departs Indosuez WM in Hong Kong appeared first on Asian Private Banker.

The APB Summit was a bang in both Hong Kong and Singapore — full rooms, record attendance, and incredible energy throughout. It was great just to meet friends and colleagues. The APB Summit is where private banking truly meets, offering high-level networking that is unmatched anywhere else in the region. Across both locations, one message resonated clearly. Asia’s private banking […]

The post Bottom Line: Full rooms, big ideas, and high-level networking appeared first on Asian Private Banker.

North Asia’s private wealth business is experiencing unprecedented growth, breaking records across the board in 2025, according to leading private bankers at the Asian Private Banker Summit 2025 in Hong Kong today. The panel discussion, Behind the Rebound: Momentum in North Asia’s Private Wealth Business, highlighted the convergence of massive wealth creation, strategic migration, and rapid technological adoption as the […]

The post APB Summit 2025: UBS, Julius Baer, BNP Paribas ride record North Asia wealth flows appeared first on Asian Private Banker.

Hong Kong digital bank ZA Bank plans to double down on wealth management and digital assets after experiencing steady growth since its inception in 2020. The bank said on Monday that it has officially surpassed one million users as of the first half of 2025, becoming the first digital bank in Hong Kong to reach this threshold. In the same […]

The post Hong Kong digital bank goes all in on wealth and digital assets appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) has launched a generative AI-powered ecosystem in a bid to help its wealth management staff enhance client experience. Client-facing staff members, investment counsellors and product specialists will be able to leverage the bank’s new Wealth Intelligence ecosystem to provide clients with market insights and personalised investment strategies, according to a statement on Tuesday. “Client […]

The post HSBC GPB launches GenAI-powered ecosystem for wealth staff appeared first on Asian Private Banker.

Just two years after the announced integration with Credit Suisse, UBS has transformed the shotgun marriage into a wealth management superpower, shifting from outflows to achieving record inflows. Amy Lo reasserted that the Swiss bank has returned to “growth mode,” with Hong Kong showing strong momentum. In 2Q25, UBS Global Wealth Management (UBS GWM) raked in a record high of […]

The post “Back to growth mode”: UBS GWM rides Hong Kong momentum to US$2tn opportunity appeared first on Asian Private Banker.

Global investment manager Schroders has made two new appointments to lead its client group in Hong Kong and South Asia. Effective August 2025, current Hong Kong CEO Jason Yu now leads Schroders’ client group in Hong Kong, the firm announced in a statement on Monday. In his expanded role, Yu is tasked with strengthening the firm’s position as an asset […]

The post Schroders names Hong Kong, South Asia client group heads appeared first on Asian Private Banker.

Capital Group has made a key appointment in Hong Kong, highlighting its focus on strengthening relationships with local partners and expanding its presence in the region. Henry Chan has been promoted to head of financial intermediaries for Capital Group’s Hong Kong business, the firm announced in a statement on Wednesday. Based in Hong Kong, Chan will report to Toby Chan, […]

The post US$3tn manager names Hong Kong head for financial intermediaries appeared first on Asian Private Banker.

Manulife Investment Management Hong Kong has appointed an internal candidate to the role of Hong Kong CEO. Effective 12 August, Calvin Chiu has been appointed as Manulife Investment Management (Hong Kong) CEO, the firm said in a statement on Monday. Chiu will continue to serve in his previous role of head of retirement, Asia. The appointment is a strategic move […]

The post Manulife IM appoints Hong Kong CEO appeared first on Asian Private Banker.

Shanghai Pudong Development Bank (SPD Bank) has launched a global wealth management platform in Hong Kong as part of its internationalisation strategy, providing cross-border investment, asset allocation and wealth succession services. Under the joint efforts of SPD Bank Hong Kong, SPDB International, and Shanghai Trust, the SPDB Global Wealth Management Platform focuses on “family wealth, family lineage, and family business,” […]

The post SPD Bank launches wealth management platform in Hong Kong appeared first on Asian Private Banker.

Allspring Global Investments has appointed a sales director for Hong Kong to help expand its presence across Asia. Sam Lo has been named as Allspring’s sales director for Hong Kong, the asset manager announced in a statement on Tuesday. In his new role, Lo will develop and strengthen relationships with financial institutions. Based in Hong Kong, Lo reports to Priscilla […]

The post Allspring names Hong Kong sales director to support Asia expansion 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.

A Hong Kong private banking veteran has joined a digital assets-focused wealth management firm, as ultra/high net worth individuals (U/HNWIs) and families show a growing appetite for this booming asset class. Effective 1 August 2025, Monique Chan was appointed as chief executive officer of LSQ Capital, a Hong Kong-based subsidiary of Metalpha, according to a statement on Friday. The firm […]

The post Hong Kong private banking heavyweight joins digital asset wealth firm as CEO appeared first on Asian Private Banker.

Dutch asset manager Robeco has announced the appointment of a new chief investment officer (CIO), as the current holder of the position prepares to retire later this year. Effective 1 September 2025, Anton Eser has been appointed as CIO and member of the executive committee, according to a company statement on Thursday. Eser will succeed Mark van der Kroft, who […]

The post US$252bn asset manager names new CIO as 25-year veteran retires appeared first on Asian Private Banker.

KGI Bank, a subsidiary of KGI Financial, officially opened its first overseas branch on Monday, marking the bank’s first overseas presence. The new office is based in Three Pacific Place, Admiralty, a key central business hub in Hong Kong. The strategic expansion will broaden the bank’s operational scale and enhance its business capabilities, aligning with its international growth strategy, KGI […]

The post KGI Bank selects Hong Kong for first overseas branch appeared first on Asian Private Banker.

Hong Kong’s private wealth industry is bouncing back to near pre-pandemic levels, with assets under management (AUM) and net fund inflows both experiencing double-digit growth in 2024. This marks a reversal of the sluggish performance in recent years, and Asian Private Banker has taken a deep dive into the trends driving this resurgence. According to the Securities and Futures Commission’s […]

The post Inside what’s driving Hong Kong’s wealth AUM rebound appeared first on Asian Private Banker.

One of China’s top securities firms has been capitalising on the recovery of Hong Kong’s capital markets this year to grow its wealth management business through a specialised team targeting entrepreneur clients. “The successful business synergy cases between the investment banking side and us doubled year-on-year in the first quarter of 2025,” said Addie Chen, head of CITIC Securities’ Hong […]

The post CITIC Securities muscles into Hong Kong wealth as IPOs rebound appeared first on Asian Private Banker.

HSBC has appointed an internal veteran as the new global head of investments and managed solutions for its wealth and premier solutions unit. Sami Abouzahr took up the new role at the start of the month. He will continue to be based in Hong Kong and will report to Lavanya Chari, head of wealth and premier solutions, HSBC, according to […]

The post HSBC promotes Hong Kong wealth solutions head to global role appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has strengthened its teams in Hong Kong and Singapore with senior hires, Asian Private Banker has learnt. Carrie Tang joined the bank’s China team in the Hong Kong office as a managing director and wealth advisor, the bank said in a statement on Monday. In this role, she will serve the holistic wealth […]

The post J.P. Morgan PB ramps up talent in Hong Kong and Singapore appeared first on Asian Private Banker.

Chubb Life Hong Kong has launched its first wealth centre, targeting affluent and high net worth customers. The new wealth centre, Chubb 1792 Club, is located at The Gateway in Tsim Sha Tsui, a busy business and tourism district in Kowloon, Hong Kong. Opened on Monday, it features a nearly 10,000-square-foot lounge for wealth management services. According to a company […]

The post Hong Kong insurer taps Kowloon buzz with new wealth hub appeared first on Asian Private Banker.

Bank of Singapore has reported strong growth momentum in Hong Kong in the first quarter of 2025, contrasting with the moderate Asia AUM growth seen throughout 2024. Data from APB Insights for 2024 show that Bank of Singapore’s Asia AUM increased by just 6.9% that year, up from US$116 billion to US$124 billion. Despite the increase and a much-publicised hiring […]

The post Bank of Singapore’s Hong Kong UHNW AUM surges 54% YoY as growth targets remain “on track” appeared first on Asian Private Banker.

Hong Kong’s push to attract the world’s richest families is benefiting from a burgeoning philanthropy ecosystem, technology innovations, and the recent money laundering scandal in Singapore, according to a top government official tasked with luring family offices. As of February, InvestHK had assisted over 160 family offices with setting up or expanding in the Asian financial hub. A further 150 […]

The post Joe Tsai and Maye Musk: Hong Kong unveils big guns in family office push appeared first on Asian Private Banker.