Wall Street’s premier wealth management divisions breached historic asset milestones in 2Q26, capitalising on buoyant market valuations and sustained client inflows to deliver double-digit revenue growth. Morgan Stanley’s total client assets across its wealth and investment management arms exceeded US$10 trillion. J.P. Morgan Asset and Wealth Management (AWM)’s net income grew 33% YoY, while Citi Wealth’s revenue grew 13% YoY, […]

The post Wall Street wealth units scale historic peaks as Morgan Stanley hits US$10tn appeared first on Asian Private Banker.

A senior executive at J.P.Morgan Private Bank is set to step down from her role after a nearly two-decade-long career at the US bank, Asian Private Banker has learnt.  Anita Mak, head of the Taiwan market, will step down from the role, sources told APB. Mak will remain in the role until early 2027. J.P. Morgan Private Bank declined to […]

The post J.P. Morgan Private Bank Taiwan head to step down appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has hired an industry veteran with a strong background in FX advisory, Asian Private Banker has learnt. Based in Hong Kong, Edward Lam has joined the US bank, sources told APB. Lam’s license with J. P. Morgan PB on the HKMA website took effect this week. J. P. Morgan PB confirmed Lam’s appointment […]

The post J.P. Morgan PB hires ex-Deutsche Bank PB FX advisory head appeared first on Asian Private Banker.

Private banking relationship managers (RMs) in Asia are overseeing larger books than at any point on record, reflecting a structural shift in how wealth management businesses are being run. In 2025, average assets under management (AUM) per RM reached a record US$473 million, with books growing by an average of US$62 million, or 15% – the fastest rate in five […]

The post Average private banking book size grew by US$62m in 2025 appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has promoted an internal talent to a senior investment management role, Asian Private Banker has learnt. Singapore-based Xinhui Su was appointed as head of portfolio solutions for Asia, reporting to Joshua Lewin, the bank’s head of investment strategy for Asia. J.P. Morgan PB confirmed Su’s appointment to APB. In the team, which was rebranded […]

The post J.P. Morgan PB appoints head of portfolio solutions for Asia appeared first on Asian Private Banker.

Since geopolitical escalations began in late February, client meeting volume at J.P. Morgan Private Bank has surged. However, the tone of these conversations has shifted significantly compared to the panic during last year’s Liberation Day, according to Yuxuan Tang, the US bank’s Asia head of rates and FX strategy. “Clients are relatively calm this time around. We don’t really see […]

The post “Our view is a bit contrarian”: J.P. Morgan PB sticks to China bet through mounting Middle East tension appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired an industry veteran to bolster its China coverage in Singapore. Sharon Xie has joined the bank’s China team in Singapore as a team head to serve ultra high net worth clients, APB has learnt. J.P. Morgan confirmed Xie’s appointment to APB and added that she reports to Elaine Zhang, J.P. Morgan Private Bank’s head […]

The post J.P. Morgan PB taps BIL Suisse’s Zurich-based APAC head for Singapore role appeared first on Asian Private Banker.

Asia’s private banking AUM has crossed the US$4 trillion mark, according to Asian Private Banker‘s 2025 League Tables. With J.P. Morgan Private Bank entering the top three for the first time and Nomura International Wealth Management (IWM) making its debut in the tables, the 2025 rankings saw widespread movements. J.P. Morgan Private Bank led this growth with a 41% increase […]

The post Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts appeared first on Asian Private Banker.

J.P. Morgan Private Bank has revealed that over 60% of its APAC advisers now regularly use internal AI tools, while client engagement has surged fivefold as the firm pivoted from generic LLMs to deeply embedded, proprietary data workflows. “Whenever I approach something initially, it’s never about technology first. It’s always about: What’s the business problem, opportunity and how to drive […]

The post Rethinking outreach? J.P. Morgan PB sees 5x engagement jump with AI appeared first on Asian Private Banker.

Ultra high net worth (UHNW) clients are increasingly seeking to tap everything from luxury assets to superyachts to unlock extra liquidity amid uncertain markets, as demand for strategic lending starts to rival that of traditional margin loans. In response, private banks are poaching from investment banking benches for rare talent with specialised lending experience to meet demand. Asian Private Banker […]

The post Private banks build “weapons-grade” lending platforms to meet surging UHNW demand appeared first on Asian Private Banker.

This International Women’s Day, the focus shifts from the glass ceiling to childhood bedrooms. In a financial landscape often defined by rigid metrics, the evolution of Asia’s fund selectors suggests that success isn’t about abandoning childhood dreams—it’s about translating them.  Asian Private Banker spoke with three female fund selectors who demonstrate that the core competencies of high-stakes fund selection — […]

The post IWD 2026 — Beyond the glass ceiling: How childhood dreams shaped Asia’s fund selectors appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has hired a former HSBC Private Bank veteran to strengthen its Thailand coverage, Asian Private Banker has learnt. Based in Singapore, Peter Lee has joined the US lender as an executive director and team lead. In this role, Lee will head the bank’s Thailand team, serving the needs of UHNW clients. J.P. Morgan […]

The post J.P. Morgan PB hires ex-HSBC veteran to boost Thailand team appeared first on Asian Private Banker.

With performance dispersion widening in an increasingly uncertain world, very few alternative managers are now managing to meet the strict selection criteria of Asia’s private banks, according to private banking alts leaders at the Asian Private Banker’s Alternative Investments Summit 2026 in Hong Kong. The panel discussion, Macro outlook of alternative investments: Innovations, potentials, new insights, dissected how private banks […]

The post AIS 2026 HK: Private banks raise the bar for alts managers appeared first on Asian Private Banker.

Galloping into the Year of the Fire Horse, the race continues among private banks and asset managers to see who can distribute the most spectacular red packets to clients. More than just traditional gifts for family and friends, these laisee, or hongbao, have morphed into cult collectables, often trading on secondary markets for prices that rival the currency inside. Horses […]

The post Vote now: Who has the best red packets in Year of the Horse? 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.

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.

Private credit has moved from niche alternative to core portfolio anchor for Asia’s wealthy, as private banks increasingly embed the asset class into discretionary mandates to replace traditional fixed income. As allocations scale up, careful manager selection is becoming critical, with performance gaps widening across the field.  That shift is already evident in portfolio construction at major private banks. “Private credit […]

The post Private credit boom widens performance dispersion in Asia: J.P. Morgan PB and Nomura IWM appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) is urging clients to make active management the foundation of their portfolios as markets continue to grapple with persistent macroeconomic pressures. Alejandro Gonzalez, the bank’s international head of fixed income and multi-asset investment research, said investors must remain attentive to the current inflation and interest rate landscape. He noted that “some of the biggest […]

The post “Biggest risks continue”: J.P. Morgan PB urges active management 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.

Asian Private Banker is excited to launch the Power List Singapore to celebrate the city’s most influential private bankers shaping one of Asia’s fastest-growing wealth hubs. Not just managing wealth, these leaders are redefining their craft by combining expertise with empathy, innovation, and a commitment to lasting relationships. Click here to see the full Power List Singapore. The Power List […]

The post APB Power List: Meet the most influential private bankers in Singapore appeared first on Asian Private Banker.

J.P. Morgan brought its flagship corporate running event to Hong Kong last week to promote employee well-being and support local mental health causes — a timely move as a Mind Hong Kong survey found 46% of residents show symptoms of depression or anxiety. Speaking exclusively to Asian Private Banker at the bank’s second Corporate Challenge in Hong Kong, Mary Callahan […]

The post J.P. Morgan hits the track for a cause and top execs tell us why appeared first on Asian Private Banker.

Private banks in Southeast Asia have been seeing record growth across the region, according to private banking leaders at the APB Summit 2025 in Singapore. The panel discussion, Southeast Asia focus: Gearing up for 2026 – growth, strategies, and expansion, delved into what has been driving growth in the wealth space over the past year and how banks are working […]

The post APB Summit 2025: HSBC, JP Morgan PB, BNP Paribas WM, Pictet dissect Southeast Asia’s growth engines appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has hired an industry veteran from Goldman Sachs Private Wealth Management to boost its investment and advisory platforms in Southeast Asia. Based in Singapore, Adrian Loh has joined as managing director and market head of investments and advice for Southeast Asia, as well as head of Singapore solutions, Asian Private Banker has learnt. […]

The post J.P. Morgan PB hires Goldman Sachs veteran for Singapore investment role appeared first on Asian Private Banker.

From 2020 to 2024, Asia’s private banks expanded their total Asia ex-China onshore AUM by 32%, increasing from US$2,346 billion to US$3,093.5 billion over the five years. The fastest growth in industry AUM occurred in 2023, when AUM across private banks grew 24.6%, following a year when AUM contracted by 6.2% in 2022. Out of the 23 private banks included […]

The post Which private banks are leading AUM growth in Asia? We reveal appeared first on Asian Private Banker.

J.P. Morgan Private Bank has continued its hiring spree in Asia by appointing two more senior bankers from HSBC Global Private Banking (HSBC GPB), including the latter’s southern region onshore China head, Asian Private Banker understands. Wang Cheung has recently started at the US bank as a managing director, according to people familiar with the matter. Cheung joined HSBC Global […]

The post HSBC GPB onshore south China head joins J.P. Morgan Private Bank appeared first on Asian Private Banker.

The private banking hiring market picked up in July, with J.P. Morgan Private Bank emerging as one of the most discussed names among headhunters in APAC. Key industry hires in July include Francis Liu, former CEO, private clients, Asia at Lombard Odier, joining Nomura International Wealth Management as North Asia head, succeeding Rudolf Hitsch. BNP Paribas Wealth Management appointed two […]

The post Movers & Shakers: Decoding J.P. Morgan Private Bank’s hiring spree appeared first on Asian Private Banker.

Private banks across Asia Pacific have resumed hiring in full force. However, unlike the boom-and-bust cycles of previous expansions when many banks set out aggressive hiring targets, this time around, the keywords are “selectively” and “discreet”. One common sentiment headhunters in the region shared with Asian Private Banker is the distinct lack of team moves. Team moves typically involve a […]

The post Full force or fine-tuned? Asia’s private banks rethink hiring appeared first on Asian Private Banker.

US banks reported double-digit growth in their wealth management earnings in 2Q25, while also demonstrating strong net new assets and AUM growth, according to recent earnings reports. At the forefront of this earnings growth, Citi’s wealth revenue increased 20% YoY. Morgan Stanley Wealth Management and J.P. Morgan Asset and Wealth Management (AWM) grew their net revenues by 14% YoY and […]

The post US giants score double-digit wealth and PB growth in 2Q25 appeared first on Asian Private Banker.

J.P. Morgan Private Bank has bolstered its private banking footprint in Asia by recruiting several senior bankers in Hong Kong and Singapore, many of whom are rejoining former employees. Clement Tse has rejoined J.P. Morgan Private Bank as managing director, market head of investment and advisory, responsible for covering the Taiwan market in Hong Kong, according to the bank’s social […]

The post Senior bankers make a comeback to J.P. Morgan Private Bank 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.

In volatile markets, J.P. Morgan Private Bank’s Yvonne Leung emphasises the importance of global diversification and strategic currency hedging. With a focus on goal-based planning, the bank aims to align investments with clients’ long-term aspirations while navigating uncertainty. “It is understandable there could be clients who are nervous and want to raise a bit more cash than what’s needed for […]

The post Market swings? J.P. Morgan PB’s Yvonne Leung backs goal-based planning appeared first on Asian Private Banker.

China has unleashed new monetary measures designed to support its economy amid its trade skirmish with US President Donald Trump, but private banks in Asia are unconvinced it will be enough to add sustained momentum to local markets. Key measures announced by Beijing this week included a policy rate cut of 10 basis points; a re-lending and pledged supplementary lending […]

The post China unleashes new monetary bazooka – but private banks want more appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) has hired an industry veteran to boost its investment capabilities for family office clients in Asia. Based in Hong Kong, Wayne Bowers has joined the Wall Street private banking giant as a managing director and head of institutional investment solutions in Asia, according to a LinkedIn post by the bank on Sunday. Bowers […]

The post J.P. Morgan PB appoints head of institutional investment solutions for Asia appeared first on Asian Private Banker.

Private banks and asset managers are setting their sights on safe-haven assets like gold and selective Asia markets after US President Donald Trump slapped a multitude of allies with hefty new tariffs. Markets were shaken in Asia on Thursday after Trump imposed significant new tariffs on a variety of countries and industries, in what had been billed as a ‘Liberation […]

The post Liberation Day: How J.P. Morgan and UBS are navigating Trump’s tariff salvo appeared first on Asian Private Banker.

J.P. Morgan Private Bank’s (J.P. Morgan PB) head of investment and advice for Southeast Asia has left the bank. David Hansson, managing director, has departed after working at the US lender for 20 years, according to an update on his personal LinkedIn profile. J.P. Morgan PB confirmed his departure. Based in Singapore, Hansson’s team serves UHNW clients across Southeast Asia, […]

The post J.P. Morgan PB’s SE Asia head of investment and advice departs appeared first on Asian Private Banker.

A senior female banker at J.P. Morgan Private Bank is set to depart the Wall Street lender after resigning, multiple people familiar with the matter told Asian Private Banker. May Hsu, vice chairman for Asia, is a veteran of the US bank with a focus on Taiwan. According to her registration record with the Hong Kong Monetary Authority (HKMA), Hsu’s […]

The post J.P. Morgan Private Bank Greater China veteran resigns appeared first on Asian Private Banker.

Over 250 attendees from Asia’s private banking and wealth management sector gathered to honour the recipients of Asian Private Banker’s Awards for Distinction 2024 during an exquisite gala dinner held at The Henderson in Hong Kong’s Central district on Thursday evening. Below are some select photo highlights of the evening:

The post Awards for Distinction 2024: Photo highlights from our gala dinner appeared first on Asian Private Banker.

While it may seem counterintuitive to some, female private banking leader Elaine Zhang believes focusing on her personal passions outside of work has played a significant role in helping her thrive in her career. An avid tennis enthusiast, Zhang, managing director and head of China market for Singapore at J.P. Morgan Private Bank, takes her weekly tennis training sessions with her […]

The post IWD 2025 – Find your personal passions to succeed at work: J.P. Morgan PB’s Elaine Zhang appeared first on Asian Private Banker.

Asian private banking clients are showing a greater appetite for exploring open-ended solutions to address liquidity concerns in volatile markets, alternative investment experts said during a discussion at Asian Private Banker’s Alternatives in Focus 2025 event. The gala event, hosted at the Pan Pacific Singapore hotel, gathered over 100 leading alternative investment executives at regional private banks, independent asset managers […]

The post Alts in Focus 2025: Open-ended solutions gaining popularity in volatile markets appeared first on Asian Private Banker.

Infrastructure investments and private equity are gaining traction among Asia’s increasing sophisticated private wealth clients due to benefits including diversification and income generation, alternative investment heads said during a discussion at Asian Private Banker‘s Alternatives in Focus 2025 event. The gala event, hosted at the Mandarin Oriental hotel in Hong Kong, gathered around 100 of the leading alternative investment executives […]

The post Alts in Focus 2025: Infrastructure lays strong foundation for Asia wealth portfolios appeared first on Asian Private Banker.

One of J.P. Morgan Private Bank’s team leads has resigned from the bank, Asian Private Banker can reveal. Sherwin Wong, executive director and a team lead for China, has decided to leave the US lender after almost 17 years working for the bank, multiple people familiar with the matter told Asian Private Banker.  J.P. Morgan did not immediately respond to […]

The post J.P. Morgan Private Bank China team lead resigns appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a former HSBC Global Private Banking (HSBC GPB) senior banker in Singapore, Asian Private Banker has learnt. Eric Yee joined the US bank this week as an executive director, team lead, according to his personal LinkedIn update. J.P. Morgan did not immediately respond to a request for comment. Before that, Yee spent close to […]

The post J.P. Morgan PB nabs former HSBC GPB Singapore desk head appeared first on Asian Private Banker.

With the year of the snake approaching, competition between private banks in Asia is hotting up when it comes to who can distribute the most dazzling red packets to clients. These envelopes – known as laisee or hongbao – are traditionally given to family members and friends. However, they can also be highly sought-after collectors’ items and fetch a premium […]

The post Vote now: Who has the best red packets in Year of the Snake? appeared first on Asian Private Banker.

J.P. Morgan Private Bank has appointed a new head of its Philanthropy Centre for Singapore and Southeast Asia. Arriving from Citi Private Bank, Faye Ong joined J.P. Morgan Private Bank this week, according to a personal LinkedIn update. Ong spent nearly four years at Citi Private Bank, where she was the Asia head of family office advisory. Before Citi, she […]

The post J.P. Morgan PB appoints head of philanthropy centre for Southeast Asia appeared first on Asian Private Banker.

While private banks are working hard to attract clients and garner AUM, the competition goes beyond financial metrics, transcending into client experience and staff engagement. Previously, APB highlighted a selection of the most impressive private banking offices in the region, showcasing their unique features. With over two thousand votes, APB’s readers crowned UBS Singapore at Penang Road, featuring an extensive […]

The post Revealed: This private bank has the best Singapore office appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a client advisor for its Hong Kong office, Asian Private Banker understands. Based in Hong Kong, Roger Teow has joined J.P. Morgan Private Bank as an executive director and client advisor, the bank announced in a LinkedIn update on Tuesday. In his new role, Teow will be responsible for leading new client acquisition and […]

The post Greater China banker tapped by JP Morgan PB after one year crypto stint appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a new managing director in Hong Kong, Asian Private Banker understands. Based in Hong Kong, Ivy Fung has joined the bank as managing director and team lead, the bank announced on its LinkedIn on Thursday. Fung has over 25 years of experience across the finance industry and has worked at several leading private banks […]

The post J.P. Morgan Private Bank hires MD from HSBC in Hong Kong appeared first on Asian Private Banker.

The former head of J.P. Morgan Private Bank in Asia has been appointed as the US bank’s CEO in Hong Kong. According to an internal memo, Kam Shing Kwang will take over the position from Harshika Patel. The latter replaced Kwang as the CEO of J.P. Morgan’s Asia private banking division in October 2023, a role that she will continue […]

The post J.P. Morgan appoints private banking veteran as Hong Kong CEO appeared first on Asian Private Banker.

The hiring market among international private banks in Asia has remained relatively slow in 2024, with many still digesting hires made in 2023. However, things are rather different for some Singaporean players and pure-play banks which are aggressively expanding headcount. Bank of Singapore’s aggressive hiring push The fastest-growing private bank in the region has more than once shared its ambitions […]

The post Which private banks are still hiring as Asia talent market slows? appeared first on Asian Private Banker.

Two former Credit Suisse bankers in Hong Kong are joining new shops, Asian Private Banker has learnt. Joe Lau, the former Credit Suisse Hong Kong Greater China team leader is moving to RBC Wealth Management (RBC WM) as team head, sources told Asian Private Banker. Lau will report to Victor Chao, a former Credit Suisse Greater China market leader who […]

The post Two Credit Suisse Hong Kong bankers resurface at new shops appeared first on Asian Private Banker.

2023 was a year that saw an intense war for talent among private banks in Asia Pacific. The merger of UBS and Credit Suisse formed the region’s largest private bank, allowing the banking behemoth’s competitors to woo ex-Credit Suisse bankers left adrift amid the fallout. Now the dust has settled – and taking a close look at the hard data – […]

The post Asia 2023 RM Headcount League Table: PB headcount edges higher amid industry shakeup appeared first on Asian Private Banker.

Private banks in Asia-Pacific saw their AUM jump by a total of about US$400 billion in 2023, reversing outflows from the previous year, as competition for the top spots in Asian Private Banker‘s Asia 2023 AUM League Table intensified. However, while some institutions achieved double-digit growth, others grappled with outflows. By the end of December 2023, the Asian private banking […]

The post Asia 2023 AUM League Table: Private banks see US$400bn asset windfall appeared first on Asian Private Banker.

J.P. Morgan Private Bank (J.P. Morgan PB) in Asia has appointed a former Goldman Sachs veteran to lead its China business, Asian Private Banker has learnt. Florence Kui will join J.P. Morgan PB in May as head of China market, replacing Grace Lin, who will retire in mid-2024. Kui was most recently the COO for client solutions & capital markets […]

The post J.P. Morgan appoints new China head from Goldman and what next for Asia? appeared first on Asian Private Banker.

The private banking and wealth management industry in Asia has a significant number of women in senior leadership positions, from UBS’s Amy Lo and Jin Yee Young, J.P. Morgan Private Banking’s Harshika Patel, to Citi’s San-San Chan and DBS’s Carol Wu, to name but a few. Here, Asian Private Banker has gathered the views of ten leading women, who shared their […]

The post IWD 2024: What new PB female leaders can learn from Amy Lo and Harshika Patel appeared first on Asian Private Banker.

The former head of J.P. Morgan Private Bank in Singapore has resurfaced in a new role, Asian Private Banker can reveal. James Wey, who departed J.P. Morgan Private Bank in mid-2023, has joined Yi Capital Private, according to a LinkedIn update. At Yi Capital Private, Wey will be responsible for real estate investments and management. According to company registration documents […]

The post Former J.P. Morgan Private Bank Singapore head resurfaces 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.

From the reshuffling of leadership roles across the private banking industry to wholesale changes in the competitive landscape, 2023 was characterised by heavyweight hirings in Asia Pacific. The Credit Suisse-UBS merger resulted in many of the former’s bankers jumping ship, creating some of the most impactful appointments of the year. From long-time Credit Suisse heavyweight Jin Yee Young joining UBS via Deutsche Bank […]

The post The biggest Hong Kong, Singapore private bank hires of 2023 appeared first on Asian Private Banker.

J.P. Morgan Private Bank has been boosting its teams in APAC over the past few months amid an otherwise quiet hiring market among its US peers. In Hong Kong, rather than hiring externally, the US bank has promoted its Hong Kong-based UHNW banker Ernest Ho to the position of head of Hong Kong and the Philippines (HKP) at the private […]

The post Inside J.P. Morgan Private Bank’s hiring plan for APAC appeared first on Asian Private Banker.

While the markets are still full of uncertainties, with clients favouring lower-risk assets, fund selectors at private banks in Asia believe now is the time for clients to start increasing their exposure to equities and alternatives, but while avoiding concentration risks. This is according to the views shared by panellists at the APB Intensive webinar on Thursday, a high-powered virtual […]

The post APB Intensive 7.0: Fund selectors believe now is the time to increase risk appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a senior banker for the Southeast Asia market, Asian Private Banker can reveal. Based in Singapore, Didi Taslim has joined the bank as executive director and will be working closely with Kenneth Yeo, who also joined the US lender this year as UHNW banker team lead for Southeast Asia, people familiar with the matter […]

The post J.P. Morgan PB hires senior Indonesia banker from HSBC appeared first on Asian Private Banker.

J.P. Morgan Private Bank hopes to improve wealth management education among its female clients and employees in Asia by tying up with an online knowledge platform. The bank said on Monday that it would partner with Sophia, an Asia-headquartered independent financial education platform, to offer a ‘Women & Wealth’ programme that will provide in-person educational events and online financial education […]

The post J.P. Morgan PB looks to unlock women’s wealth potential appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a wealth management veteran as UHNW banker team lead for Southeast Asia, Asian Private Banker has learnt. Kenneth Yeo recently joined the US bank after spending just three months at Singapore-based independent asset manager Lighthouse Canton, according to an update on his personal LinkedIn profile. Yeo joined Lighthouse Canton in January as managing director […]

The post WM veteran switches to J.P. Morgan PB three months after joining IAM appeared first on Asian Private Banker.

J.P. Morgan Private Bank has appointed a new executive director to support its business in Singapore, Asian Private Banker can reveal. Based in Singapore, Sandra Lee joined the US bank in February, according to an update on her personal LinkedIn profile. Lee was most recently with Bank of Singapore, where she worked as investment consultant team lead for the Thai […]

The post J.P. Morgan Private Bank makes senior hire from Bank of Singapore appeared first on Asian Private Banker.

Dear reader. Welcome to the first edition of ‘Alts Agenda’, a new monthly column from Asian Private Banker about the critical trends related to what is undoubtedly the hottest asset class among the region’s wealth managers and their fund selectors. Also, stay tuned for our upcoming, inaugural ‘Alternatives in Focus’ event, to be held in Hong Kong and Singapore, on […]

The post Alts Agenda – J.P. Morgan PB’s semi-liquids are the tonic for market volatility appeared first on Asian Private Banker.

J.P. Morgan Private Bank (JPM PB) has invested in two Swiss-based wealth management software services companies to strengthen its digital capabilities for ultra-high net worth (UHNW) clients across Europe, the Middle East, Latin America and Asia. Edge Laboratories SA (Edgelab) and Evooq SA (Evooq) are Swiss wealth management software services companies rooted in risk analytics, portfolio construction, optimisation, advisory platforms, […]

The post J.P. Morgan PB enhances UHNWI digital platform with Swiss software investments appeared first on Asian Private Banker.

J.P. Morgan Private Bank (JPM PB) announced a new head of investments & engagement for Asia. Ulysses Lau, who succeeds Diana Robinson in the role, will lead the investment solutions and specialist teams in Asia and focus on developing and implementing new strategies and tactics to expand their market share, according to the announcement on on Thursday. Having been appointed […]

The post J.P. Morgan PB names new Asia investment team head appeared first on Asian Private Banker.

J.P. Morgan Private Bank has hired a managing director from BNP Paribas Wealth Management for its Southeast Asia team, Asian Private Banker can reveal. Doreen Lam joined the US private bank in Singapore in November, according to her LinkedIn page. Lam came from BNP Paribas, where she was most recently head of its financing, advisory and solutions team for Singapore […]

The post Former BNP Paribas MD moves to J.P. Morgan Private Bank in Singapore appeared first on Asian Private Banker.

J.P. Morgan Private Bank has appointed a team lead, head of single coverage for Southeast Asia, Asian Private Banker has learnt. Based in Singapore, Joe Caceres joined J.P. Morgan PB earlier this month as executive director and team lead covering Southeast Asia markets. He is responsible for the team of client advisors, covering clients’ full wealth management journey — including all areas […]

The post J.P. Morgan Private Bank hires team head for single coverage in Southeast Asia appeared first on Asian Private Banker.

This week: The macro case for China is looking fundamentally more constructive: Credit Suisse; China stimulus must move beyond infrastructure, argues J.P. Morgan PB The macro case for China is looking fundamentally more constructive: Credit Suisse Credit Suisse perceives the Chinese economy as a bright spot, on account of the “meaningful” policy support, in the words of John Woods, its APAC […]

The post CIO Weekly – Why we see China as a bright spot: John Woods of Credit Suisse appeared first on Asian Private Banker.

This week: Too early to say that Fed hawkishness has peaked: J.P. Morgan Private Bank; UBS GWM sees opportunities in China equity market Too early to say that Fed hawkishness has passed its peak: J.P. Morgan Private Bank Despite the likelihood that inflation has peaked, J.P. Morgan Private Bank believes the continued monetary tightening will have a further impact on what is already […]

The post CIO Weekly – Has Fed hawkishness peaked? Too early to say: Alex Wolf of J.P. Morgan Private Bank appeared first on Asian Private Banker.

As the economic backdrop of the 1990s makes a sudden return, Asia’s private bankers are feeling a sense of déjà vu mixed with trepidation. All at once, the US Federal Reserve is tightening like it is 1994, Beijing and Hong Kong are obsessing over exchange rates like it is 1997, and the Japanese JPY is plunging like it is1999. The […]

The post For Asia’s private bankers, the 1990s are making an unwelcome return appeared first on Asian Private Banker.

This week: Why UBP is overweight hedge funds; China needs “wholesale policy U-turns”: J.P. Morgan PB; Bank of Singapore remains cautious on Eurozone Why UBP is overweight hedge funds Alternative investments such as hedge funds could help defend private bank client portfolios amid the global market sell-off in equities and bonds, according to UBP, which points to the attractive income and […]

The post CIO Weekly – Why we are overweight hedge funds: Norman Villamin of UBP appeared first on Asian Private Banker.

An equity specialist is leaving J.P. Morgan Private Bank to pursue other opportunities, Asian Private Banker has learned. Based in Hong Kong, Raymond Cheng joined the US lender in May 2017. He was formerly head of Asia equity strategy, but last year he took on a new role as Taiwan team investor. Before J.P. Morgan, Cheng was head of equity research at […]

The post J.P. Morgan Private Bank loses equity specialist appeared first on Asian Private Banker.

Europe-based PE firm EQT Group has hired a former J.P. Morgan alternatives specialist as director to expand its global private wealth management (PWM) channel to the Asia-Pacific region. Based in Singapore, Sueann Yeo joined the client relations and capital raising team at EQT Group earlier this week to lead the PWM and family office coverage across the Asia Pacific region. […]

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This week: China’s vow to support the stock market is just “rhetoric”: J.P. Morgan Private Bank; Fed hawkishness will boost USD versus EUR and JPY: Bank of Singapore China’s vow to support the stock market is just “rhetoric”: J.P. Morgan Private Bank J.P. Morgan Private Bank is sticking to its cautious stance on offshore Chinese equities, even as signals that Beijing will take […]

The post CIO Weekly – Too early to turn bullish on China: Alex Wolf of J.P. Morgan PB appeared first on Asian Private Banker.

Pictet Wealth Management (Pictet WM) has appointed a market group head for Greater China from J.P. Morgan Private Bank (J.P. Morgan PB), as part of a new team of hires that will boost the Swiss pure-play’s coverage of this market, according to an internal memo seen by Asian Private Banker. Raymond Yeung will be responsible for increasing the bank’s presence in Greater […]

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Bank Julius Baer’s group head for Southeast Asia is relocating to Zurich to take up a new role focused on growing the pure play’s Asia-Pacific business out of Switzerland, Asian Private Banker has learned. Singapore-based Christian Cappelli, group head Southeast Asia, will become head APAC Switzerland effective April 1, according to an internal announcement at Julius Baer. The move will […]

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Singapore’s emergence as a centre for the Greater China private banking market is gathering pace on the back of favourable regulations and its proximity to fast growing Southeast Asian countries, sparking a talent war for experienced relationship managers. The Lion City, senior private bankers say, is benefiting from government efforts to lure more family offices and more Chinese businesses using […]

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J.P. Morgan has appointed a new head of its private banking operations in Asia from Bank of Singapore. Tan Siok-hoon has joined the US lender’s private bank from Bank of Singapore. According to her LinkedIn profile, she held the role of managing director, head of operations, at the Singaporean lender between July 2020 and December 2021. A spokesperson for J.P. […]

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J.P. Morgan Private Bank has hired a managing director to cover the China market, based in Singapore. A spokesperson for the US private bank told Asian Private Banker that Jerry Heng joined earlier this month and will be part of a team under the leadership of James Wey, head of Singapore and Southeast Asia. Heng was most recently a banker at […]

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The COVID-19 pandemic has sharpened Asian HNWIs’ focus on achieving social outcomes such as reducing inequality, according to J.P. Morgan Private Bank. But investment products catering to this area are being held back by a lack of data, it suggested. “COVID-19 made people think differently about the ‘S’ in ESG — as in: the social impact of companies,” Diana Robinson told […]

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Stranded in the low-rate environment, private banks have to find a way out of the diminishing returns posed by the fixed income part of the portfolio without being exposed to unnecessary risks. Higher selectivity about where to invest and more creative approaches such as private markets or gold could solve the dilemma, investment specialists contended. At Asian Private Banker‘s Income […]

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J.P. Morgan Private Bank on Monday announced the appointment of a new head of J.P. Morgan Trust Company (Singapore). Koh Bee Eng will lead the trust company’s growth strategy and head a team of trust officers responsible for the day-to-day trust management operations. She will partner with the wealth advisors and bankers of J.P. Morgan Private Bank with a view […]

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The more than decade-long low-interest environment in the wake of the 2008 global financial crisis has upended the 60:40 portfolio as investors seek yield-delivering substitutes from the traditional fixed-income portion of the balanced investments model. The portfolio of dividend-paying stocks and coupon-yielding bonds did well through the 80s and 90s but has since been questioned for its relevance in today’s […]

The post It may be time to rethink the 60:40 portfolio model, not shun fixed-income entirely: PIMCO, J.P. Morgan Private Bank, Credit Suisse appeared first on Asian Private Banker.

The private banking unit of J.P. Morgan expects an expansion in earnings to give further legs to the bull run in global stocks, despite recent investor concerns over the sticky nature of inflationary pressures and the resulting impact on real yields. “The S&P 500 has had a phenomenal run since April last year, but we don’t think that this trend […]

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A multi-asset approach spread across asset classes and different types of exposures works best from a risk-return perspective when investing in China, according to J.P. Morgan Private Bank. “Globally, we have seen some moves to diversify China exposure among clients,” Alex Wolf, head of investment strategy, Asia, J.P. Morgan Private Bank told Asian Private Banker. “Partly that’s because access to […]

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J.P. Morgan Private Bank on Tuesday announced the appointment of a China market leader for Singapore. Elaine Zhang has joined the firm as managing director, with the responsibility of growing the bank’s China market franchise in Singapore. J.P. Morgan provides offshore private banking services to Chinese clients with business or personal interests in Singapore. Zhang will work with client teams to identify, […]

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This week: J.P. Morgan Private Bank: Rising yields not a threat to markets; BlackRock: Nothing ambiguous or unclear about Fed policy; Pictet Wealth Management: Credit markets pricing in a best-case scenario for a global recovery; UBS: Private equity still outperforming public equity J.P. Morgan Private Bank: Rising yields not a threat to markets Yields rose across the board on Thursday […]

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With Wall Street closing at all-time highs overnight and Asian traders taking those cues to send stocks in the region higher, investment experts advise that even though optimism may be warranted in the long term, a degree of caution may be in order for the time being. On Monday, the Nasdaq Composite added nearly 1% and the S&P 500 and […]

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