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.

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.

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

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

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.

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.

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

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

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.

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.

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.

UBS has hired a long-time J.P. Morgan veteran for its Australia international team based in Singapore. Oliver Bareau has joined the firm as market team head for the Australia international team, reporting to Dominique Boer, head of UBS WM private wealth and Australia international, according to an internal announcement seen by Asian Private Banker. In his new role, he will […]

The post UBS hires J.P. Morgan veteran to serve global Australians in Singapore 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.

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.

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 Asset Management (JPMAM) has appointed a head of intermediary business for Hong Kong, the firm announced on Wednesday. Supreet Bhan will join effective 1 April, subject to regulatory approval. In this newly-created role, Bhan will be based in Hong Kong and report to Elisa Ng, CEO of Hong Kong at JPMAM. With over two decades of sales experience […]

The post JP Morgan Asset Management names head of intermediary business for Hong Kong 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.

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.

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.

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.

After spending 27 years at JP Morgan Chase, the firm’s China CEO has announced his retirement. Mark Leung, currently the CEO for China, has said he will retire later this year, in a post on his LinkedIn profile today. “After an amazing quarter of a century with JP Morgan, I have decided to retire from the firm,” Leung announced. “It’s […]

The post JP Morgan China CEO announces retirement appeared first on Asian Private Banker.

What is the hottest area of competition between private banks in Asia at Chinese New Year? DPM market penetration? Wallet share? The fastest growing net new money? You guessed it, custom red packets. These ornately-adorned envelopes, known as laisee in Cantonese or hongbao in Mandarin, are presented – often containing money – to friends, family members, colleagues and clients as […]

The post Poll: Which private bank has the best red packets in the year of the dragon? 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 Asset Management (JPMAM) has entered into a strategic partnership with Thailand’s Kasikorn Asset Management (KAsset), the asset management arm of Kasikornbank (KBank), to bring global investment solutions to Thai clients, the asset managers announced on Wednesday. Under this strategic partnership, JPMAM will leverage KAsset’s local presence and knowledge to offer its global investment solutions to Thai investors. KAsset […]

The post JPMAM enters into strategic partnership with Thailand’s KAsset 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.

Japan remains an enigma in the private banking space. The world’s third-largest economy, yet few international banks or wealth managers have significant footholds there. With China’s reopening proving a disappointment, many eyes turned to Japan as an alternative way to capture the Asian growth story. This – along with improving corporate governance and attractive valuations – has injected momentum into […]

The post Japan: The next frontier for Asia’s private banks appeared first on Asian Private Banker.

UBP has appointed a new head of structured products for the region, Asian Private Banker can reveal. Karrie Fung has joined the Swiss pure-play as managing director, head of structured products Asia, according to an internal memo. In her new role, she will assist wealth management and investment services in creating timely and targeted structured product solutions for UBP’s Asian […]

The post UBP appoints new head of structured products for Asia appeared first on Asian Private Banker.

The recent sell-off in Chinese tech stocks has revealed a contrast between China-based investors and others. Chinese U/HNWI investors have maintained their home bias and are considering increasing their China allocations, with a preference for A-share and fixed-income funds. Foreign investors have become hesitant about investing in the high growth sector, even if they remain bullish about the long-term prospects […]

The post Unfazed by tech rout, Chinese investors stick with home bias appeared first on Asian Private Banker.

As it builds a wholly owned mutual fund business in China, Fidelity International has appointed a managing director for China to better capture the growing wealth in the country, according to a statement on Wednesday. Based in Shanghai, Helen Huang will provide overall leadership in investment management, distribution, operations, and other key functions. Huang was most recently CEO of Hwabao […]

The post Fidelity International names managing director to lead China mutual fund business appeared first on Asian Private Banker.

North Asia likely to see a deceleration in earnings growth in 2022: Morgan Stanley; At stake is not when the Fed will hike rates, but at which pace: J.P. Morgan Asset Management; High-quality growth companies combined with select cyclical stocks could prove winner in 2022: UBP; US scrutiny puts China’s biotech sector under stress: UBS GWM North Asia likely to see […]

The post CIO Weekly – Earnings growth to decelerate in 2022 and beyond for North Asia markets: Jonathan Garner of Morgan Stanley appeared first on Asian Private Banker.

A joint fund from J.P. Morgan Asset Management (JPMAM) and Credit Suisse that invests in companies “that address the links between nutrition, health, biodiversity and climate” has amassed over US$250 million in assets since it was launched this week. The launch of the Credit Suisse JPMorgan Sustainable Nutrition Fund comes after the two groups announced a partnership to develop an investment strategy […]

The post Credit Suisse and JPMAM nutrition fund collects US$250 million in first week appeared first on Asian Private Banker.

Regulatory tightening in mainland China has highlighted the need for all-weather pre-IPO planning by entrepreneurs and the ability to consider alternative routes for asset gathering in case their listing plans need to be postponed. Regulatory actions spanning education, healthcare and real-estate have raised concern among international investors that have been factoring in risk premiums into assets prices over the past […]

The post Regulatory uncertainty calls for flexibility and diversification in pre-IPO planning appeared first on Asian Private Banker.

Unlike much of 2020 and early 2021 — when investors enjoyed a broad rally across markets — returns over the past few months have diverged significantly across asset classes, sectors, and geographies. That has left private banking clients searching for alternative sources of yield and diversification, while pouring money into discretionary offerings to ballast their portfolios. The low yield environment […]

The post Market dispersion intensifies search for alternative yields and sparks new faith in DPM appeared first on Asian Private Banker.

This week: HSBC PB: Regulatory ambiguity raises risk premium of China assets; J.P. Morgan: Marginal growth of Chinese economy in 3Q21; Standard Chartered WM sees short-term tactical opportunities in internet sector equities; Bank of Singapore still holds moderately risk-on stance HSBC PB: Regulatory ambiguity raises risk premium of China assets Beleaguered Chinese markets faced a fresh salvo after Yi Huiman, […]

The post CIO Weekly – Regulatory ambiguity raises risk premium of China assets: James Cheo of HSBC PB appeared first on Asian Private Banker.

In this round-up: SFC fines UBS over multiple reg breaches; Hong Kong and Singapore regulators promote use of AML regtech; China strikes balance between inclusive growth and foreign investment SFC fines UBS over multiple reg breaches The Hong Kong Securities and Futures Commission (SFC) fined UBS AG and UBS Securities Asia Limited (UBSSAL) a total of HK$11.55 million for breaches […]

The post August Regulatory Round-up: SFC fines UBS over multiple reg breaches; HK and SG regulators promote use of AML regtech; China strikes balance between inclusive growth and foreign investment appeared first on Asian Private Banker.

Chinese regulators may have taken a more ‘assertive’ stance towards different sectors, but as far as the financial sector is concerned, they have speeded up approvals of foreign investor participation in the onshore market, seemingly wanting to strike a balance between attracting foreign funds and ensuring a more inclusive economic growth. Spanning across the education, healthcare and real-estate sectors — […]

The post China regulators strike balance between promoting inclusive growth and attracting foreign investment appeared first on Asian Private Banker.

J.P. Morgan has become the first foreign firm in China to take full ownership of its securities venture after securing regulatory approval. The China Securities Regulatory Commission (CSRC) has greenlighted the American lender’s June application to acquire the remaining shares of its J.P. Morgan Securities (China) Company Limited (JPMSC), reads the bank’s press release last Friday. In October last year, J.P. Morgan […]

The post J.P. Morgan obtains CSRC approval to fully own securities venture in China appeared first on Asian Private Banker.

Citibank (China) Co., Ltd. (Citi China) last Friday announced that it has secured approval from the China Securities Regulatory Commission (CSRC) to launch securities investment fund custody services onshore. The approval makes Citi China the first major global custodian permitted to operate a domestic Chinese fund custody business. Christine Lam, CEO of Citi China pointed out that its fund custody […]

The post Citi obtains approval for onshore fund custody business in China appeared first on Asian Private Banker.

Credit Suisse on Tuesday announced it is joining hands with J.P. Morgan Asset & Wealth Management (JPMAWM) to develop an investment strategy targetting companies that deal with the interconnection between “nutrition, health, biodiversity and climate”, focusing in particular on the societal and environmental aspects of nutrition. The two banks will commit research and resources to handle what Credit Suisse calls […]

The post Credit Suisse partners with J.P. Morgan in launch of sustainable nutrition fund appeared first on Asian Private Banker.

UBS Global Wealth Management has appointed a returnee as the new direct investment group (DIG) distribution head in Greater China. Edith Chan has been named head of DIG distribution, Greater China, effective on 21 June, according to an internal memo seen by Asian Private Banker. Chan had been with J.P. Morgan since 2018, where she grew its private market business across […]

The post UBS GWM nabs Greater China direct investment distribution head from J.P. Morgan appeared first on Asian Private Banker.

J.P. Morgan has applied to acquire the remaining shares of J.P. Morgan Securities (China), its majority-owned securities joint venture in China, aiming to take full control of the entity which was established in 2019, Mark Leung, China CEO at J.P. Morgan, told Bloomberg in a television interview yesterday. “Commercially, we have all agreements with our partners. Fingers crossed, our target […]

The post J.P. Morgan applies for full control of securities JV in China appeared first on Asian Private Banker.

Julius Baer has named a former J.P. Morgan private banking heavyweight as its new head of Global India and Developed Markets. Industry veteran Rahul Malhotra, previously head of Southeast Asia at J.P. Morgan Private Bank, will succeed Torsten Linke who will retire, the Swiss bank said on Tuesday. Malhotra starts in his Singapore-based role on 1 September 2021. He will […]

The post Julius Baer appoints J.P. Morgan PB veteran as new Global India & DM head appeared first on Asian Private Banker.

Despite stocks at fresh records on renewed optimism of a global economic recovery, investors need to exercise discretion in their rotation into cyclicals, according to senior private banking investment advisors. The pertinent comments come as data from China and the US showed a strong bounceback in economic activity. The fortunes of the world’s top two economies remain closely interconnected, despite […]

The post Stay nimble on the rodeo into cyclicals appeared first on Asian Private Banker.

CMB Wealth Management (CMBWM), the asset management subsidiary of China Merchants Bank, and J.P. Morgan Asset Management (JPMAM) have kicked off their recently expanded partnership with the rollout of a target date fund for Mainland China investors. Launched on Tuesday, the fund marks the first product release by the two houses since they deepened their relationship earlier this month, with […]

The post CMB, J.P. Morgan asset management arms launch first collaborative fund since partnership upgrade appeared first on Asian Private Banker.

For Kam Shing Kwang, CEO of J.P. Morgan Private Bank Asia, the message is clear: the private banking industry must do more to improve the client and employee experience. Asian Private Banker sat with Kwang to unpack what this means for the business she oversees in a post-COVID environment. Kam Shing, to what extent have the past year’s transformative events […]

The post J.P. Morgan PB’s Kam Shing Kwang: CX=D&I² appeared first on Asian Private Banker.

Asia is an attractive destination for private equity (PE) investing, because companies in Asia have generally been private for longer before public listings, and the pandemic has only made such opportunities broader and more attractive. This was the consensus at the “Family Office Symposium” session of the virtual 14th Asian Financial Forum, co-organised by the Private Wealth Management Association (PWMA) […]

The post Growth tops investors’ mind as the next big thing in private markets appeared first on Asian Private Banker.

An executive director, investment advisory, has left J.P. Morgan Private Bank for Julius Baer, Asian Private Banker can reveal. Nicole Lim joined the Swiss pure play earlier this month and brings 13 years of experience in private banking investment advisory and portfolio management, with a focus on UHNW clients in Southeast Asia. Lim joined J.P. Morgan Private Bank in 2007 […]

The post Julius Baer hires executive director for investment advisory appeared first on Asian Private Banker.

This week: HSBC Private Banking: Singapore REITs can be an income-building block for portfolios; J.P. Morgan Private Bank: strong export performance points to further RMB upside; UBP: Diversifying equity exposure into Asia; Bank of Singapore: Fed’s dovish approach weakens USD and supports risk assets; Lombard Odier: Presidential election should not change US economic outlook HSBC Private Banking: Singapore REITs can […]

The post CIO Weekly – Featuring HSBC Private Banking’s James Cheo appeared first on Asian Private Banker.

Tech stocks, led by the US, have tumbled over the last few days — with top companies losing double digits in market value. And yet, most wealth and asset managers in the region believe the sell-off is just a ‘technical correction’. The drawdown in stocks has indicated nervousness from investors about both “the sharp run-up in tech stocks” and “the […]

The post Is a tech bubble coming? WMs and AMs don’t think so appeared first on Asian Private Banker.

High net worth investors are increasingly using thematic equity funds to capture the ongoing market rebound, since such investments have shown themselves to be more resilient during market volatility. Although thematic equity funds were not immune from the market sell-off in March, after a strong rebound in equity markets, they have experienced a V-shaped recovery, and outperformed general equity markets […]

The post Thematic funds gain on the back of their use by HNWIs to capture market rally: PBs and AMs appeared first on Asian Private Banker.

The China Securities Regulatory Commission (CSRC) has given the green light to J.P. Morgan to take a 100% stake in its futures joint venture J.P. Morgan Futures Co., making it the first wholly foreign-owned futures company in the country. The regulator made the announcement through its website on Thursday, stating that the decision was in line with its effort to further open […]

The post J.P. Morgan futures JV becomes first 100% foreign-owned futures firm in China appeared first on Asian Private Banker.

J.P. Morgan Private Bank has promoted its head of Taiwan to lead its Southeast Asia team. He will be succeeded the former head of lending solutions for Asia. James Wey has become J.P. Morgan PB’s new head of Southeast Asia, replacing Rahul Malhotra, who has taken on a new role focusing on special projects and multi-family office opportunities. Wey is currently based […]

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

HSBC China has today launched its Qualified Domestic Limited Partnership (QDLP) scheme in collaboration with China International Fund Management Co (CIFM), becoming the first international bank in mainland China to distribute QDLP-invested asset management plans to HNW clients. The QDLP programme, piloted in 2013 by China’s State Administration of Foreign Exchange, allows foreign asset managers to raise RMB from qualified institutional […]

The post HSBC China extends QDLP scheme to HNW clientele appeared first on Asian Private Banker.

Despite the relative complexity of liquid alternatives, Asia’s mass affluent investors are starting to embrace the investments amid persistent volatility. J.P. Morgan Asset Management told Asian Private Banker that the firm has rolled out a liquid alternatives mutual fund to Singapore mass affluent and retail investors, as it has found Singapore wealthy investors and gatekeepers to be on the lookout […]

The post As volatility continues, mass affluent start embracing the idea of liquid alts: JPM AM appeared first on Asian Private Banker.

HSBC Private Banking Asia Pacific today announced the appointment of its new chief operating officer to replace former COO Gaurav Rao, who has relocated to London to take up a new role within the bank. Sharon Oh, has joined HSBC Private Banking from J.P. Morgan Private Bank, where she was most recently chief of staff for the global institutional client […]

The post HSBC PB picks APAC COO from J.P. Morgan appeared first on Asian Private Banker.

HSBC Private Banking has become the newest joiner of the WealthiHer Network Asia, a network to promote gender diversity in the financial services industry, the bank announced today. The WealthiHer Network Asia was launched earlier this year in the region. It was founded in the UK by leading PBs, including J.P. Morgan Private Bank and HSBC Private Banking, to drive […]

The post HSBC Private Banking joins the WealthiHer network appeared first on Asian Private Banker.

As the battle of ETFs versus mutual funds over the past few years has spawned actively managed ETFs, private banks in Asia are increasingly blurring the line between active and passive investments, with ESG ETFs starting to gather pace in the region. Sean Cunningham, head of ETFs for Asia at J.P. Morgan Asset Management told Asian Private Banker that markets have […]

The post PBs are increasingly blurring the line between active and passive investments with ESG ETFs gaining traction appeared first on Asian Private Banker.

HNWIs have kept adding alternative assets over the past years because of the uncorrelated returns that the untraditional asset class generates, but J.P. Morgan Asset Management is urging investors to be aware of the higher risk attached to this increased exposure and is advising them to shift to cashflow generated alternative assets. “HNWIs tend to seek return enhancement from their alternative […]

The post Look beyond return enhancement in alts to mitigate risk, urges JPMAM appeared first on Asian Private Banker.

In this four-part series, Asian Private Banker takes a look back at the major events that shaped the competitive landscape for APAC wealth management in 2019. Links to the other quarters: 1Q19 | 2Q19 | 3Q19 | 4Q19 APRIL Nomura and J.P. Morgan receive green light to set up majority-controlled securities JVs in China 1 Apr – Japan’s Nomura Holdings […]

The post A year of handshakes, green lights, and ribbon-cutting: 2Q19 appeared first on Asian Private Banker.

J.P. Morgan Asset Management (JPMAM) has partnered with China Merchants Bank Wealth Management (CMBWM) — the asset management unit of CMB — to become a “preferred product provider”. Under the new partnership, JPMAM will offer access to its offshore and onshore fund solutions that are complementary to CMB’s existing investment capabilities, according to a news release on 3 December. The […]

The post JPMAM forms tie-up with CMB WM to become “preferred” provider appeared first on Asian Private Banker.

This is a sponsored article from J.P. Morgan Asset Management. Seeking yield1 is generally among the topmost priority for investors. With an uncertain investment outlook, they are increasingly looking at strategies that can invest flexibly across the fixed income universe for potential yield opportunities. But this would require moving along the risk spectrum. And it is important to focus on quality […]

The post Seeking yield in uncertain markets appeared first on Asian Private Banker.

WealthiHer, the London-based network that recently announced a 2020 Asia launch, shared with Asian Private Banker that private banks in the region are better positioned for growth if they can focus more on their female clients. The network, designed to make the financial industry more female focused, said that it aspires to empower women economically by partnering with key financial institutions to […]

The post Vast opportunities for Asia PBs in female client base: WealthiHer appeared first on Asian Private Banker.

J.P. Morgan Asset Management foresees an uptick of interest in special situation funds from its Asian investors after the firm raised over US$190 million dollars from the region for its first special situations strategy. The asset manager told Asian Private Banker that the fundraising from Asia accounts for some 18% of the total raising (US$1.06 billion globally) and that the […]

The post JPM AM predicts rise of interest in special situation funds in Asia after US$190m fundraise appeared first on Asian Private Banker.

As family businesses increasingly embrace emerging technologies, the way they approach succession planning is also changing, a white paper by J.P. Morgan Private Bank has found. Over a period of two years, J.P. Morgan Private Bank surveyed 133 of their clients across North and Southeast Asia on how technological developments have impacted their family businesses. The study found that a vast […]

The post Tech advancement makes room for two-way succession dialogue: JPM PB appeared first on Asian Private Banker.

Against the backdrop of slowing economic growth globally and deteriorating investor sentiment, J.P. Morgan Asset Management has addressed the top five investment-related questions from clients as investors look to the end of 2019 and into 2020. At the firm’s International Media Summit 2019 in London this week, attended by Asian Private Banker, Karen Ward, JPM AM’s chief investment strategist of […]

The post JPM AM answers investors’ top five investment questions appeared first on Asian Private Banker.

Unconstrained bond funds are back in favour amongst private banking clients as demand for high yield exposure wanes, according to J.P. Morgan Asset Management. Brian Tan, the asset manager’s head of Singapore funds & global strategic relationships, APAC, told Asian Private Banker that the firm’s unconstrained bond strategy has witnessed a surge in demand as clients search for flexibility amid […]

The post Unconstrained bond funds return to favour as high yield demand subsides appeared first on Asian Private Banker.

This is a sponsored article from J.P. Morgan Asset Management. Fixed income investing has rebounded in 2019 as the US Federal Reserve stood ready to keep the global economy on track. In September, the Fed cut its benchmark rate for the second time this year. And global central banks have stayed accommodative and in sync. Fixed income investing would likely […]

The post Go beyond borders, biases and benchmarks in fixed income appeared first on Asian Private Banker.

China’s currency regulator, the State Administration of Foreign Exchange (SAFE), announced on Tuesday that it will remove investment quotas for both the QFII and RQFII programmes. Although most financial institutions consider the further opening of China’s domestic market to be a positive move, they believe the near-term implications are limited. Introduced in 2002, the Qualified Foreign Institutional Investor (QFII) scheme offers […]

The post PBs, AMs shrug off near-term impact of QFII and RQFII quota removal appeared first on Asian Private Banker.

J.P. Morgan Private Bank has appointed a head of currencies and commodities for Asia from Citi Private Bank, Asian Private Banker can reveal. Adam Margolis has joined the American lender as head of currencies and commodities for Asia. Based in Singapore, he will report to New York-based Scott Schnipper, head of currencies, commodities and rates at J.P. Morgan Private Bank. […]

The post Citi PB’s former FX advisory head resurfaces at rival appeared first on Asian Private Banker.

J.P. Morgan Private Bank has appointed a China team head from UBS Global Wealth Management, Asian Private Banker has learnt. Edith Wong has joined the American lender as an executive director and team lead for the China market. She reports to Grace Lin, head of China at J.P. Morgan Private Bank. Wong joins from UBS GWM, where she spent 12 years, […]

The post J.P. Morgan PB hires UHNW banker from UBS appeared first on Asian Private Banker.

A J.P. Morgan Private Bank executive director covering Southeast Asia markets has parted ways with the bank, Asian Private Banker can reveal. Andy Ang, who was most recently an executive director on the Singapore and Malaysia team, has exited the bank after eight years. Before joining the American lender, Ang spent more than a decade at Standard Chartered Bank in […]

The post J.P. Morgan PB loses Southeast Asia executive director appeared first on Asian Private Banker.

The role of J.P. Morgan Private Bank’s Asia CEO has expanded to encompass an additional function in the lender’s investment banking arm, according to an internal memo seen by Asian Private Banker. Kam Shing Kwang has assumed the position of vice chair of investment banking for Greater China, in addition to her existing responsibilities as CEO of the Asia private bank, […]

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Owing to stronger fundamentals in the region, Asian fixed income has proved to be a “rare source of yield”, prompting investors — from both institutional and private banks — to increase exposure to the asset class over the coming 12 months. According to a State Street Global Advisors study of more than 180 institutional investors and gatekeepers at private banks, over […]

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J.P. Morgan Private Bank has appointed a new Singapore and Malaysia market leader following Adrian Teo’s departure from the bank earlier this year, Asian Private Banker can reveal. Stanley Chan has been appointed market leader for Singapore and Malaysia, reporting to Rahul Malhotra, head of SEA and NRI. He was most recently investment team leader for the Singapore and Malaysia markets at J.P. Morgan […]

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After plunging to a decade-low last year, Hong Kong investor confidence has rebounded sharply year-to-date, reaching highs not seen since 2017, J.P. Morgan Asset Management said during a media briefing yesterday. Chris Tong, vice president of retail distribution at J.P. Morgan Asset Management, told Asian Private Banker that surging investor confidence and rising risk appetite — particularly in the equity market […]

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J.P. Morgan Private Bank has appointed a new head of investments for Asia, Asian Private Banker can reveal. Diana Robinson has succeeded Chris Blum in the role of head of investments, Asia, according to an internal announcement. Based in Singapore, Robinson was most recently head of investments, Southeast Asia at J.P. Morgan Private Bank, prior to which she served as head of […]

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Predominantly driven by private clients, actively managed solutions are set to drive the next phase of ETF evolution, according to J.P. Morgan Asset Management. “Asian private clients are already very comfortable with trading ETFs, as they like the liquid, easy-to-trade aspects of the instruments and the fact that the spreads are contracting as the market evolves,” Sean Cunningham, the asset […]

The post PBs drive growth of actively managed ETF strategies: J.P. Morgan AM appeared first on Asian Private Banker.

J.P. Morgan Private Bank’s head of Asia fixed income commodities and currencies (FICC) is set to leave the bank, Asian Private Banker has learnt. Ben Sy will part ways with the American lender, which he joined in 2007 to head up its fixed income solutions group in Asia. His purview encompassed sales and trading, credit and interest rate derivatives, fixed income structured products, as […]

The post J.P. Morgan PB’s Asia FICC head to exit appeared first on Asian Private Banker.

Regulators in Asia should be more proactive in sharing information collected from the industry in order to prevent ‘rolling bad apples’, Adam Singer, chief administrative officer and head of core compliance, Asia Pacific at J.P. Morgan, said at the Asia Securities Industry & Financial Markets Association (ASIFMA) Conference. During a panel on the role of humans and machines in regulatory reporting […]

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J.P. Morgan Private Bank has appointed a former Deutsche Bank managing director to join its Middle East and North Africa (MENA) team, as it continues to expand its headcount in the region. Steve Wainwright has been named managing director of J.P. Morgan PB’s MENA team, which provides investment advice and generational wealth planning for UHNW clients and prospects across the […]

The post J.P. Morgan PB nets former Deutsche Bank MENA MD appeared first on Asian Private Banker.

Nomura Holdings and JPMorgan Chase have each received regulatory approval from the China Securities Regulatory Commission (CSRC) to establish a majority-owned and controlled securities joint venture in China. Once it has made the necessary arrangements to set up the new company — named Nomura Orient International Securities Co., Ltd — Nomura intends to focus on its wealth management business targeting […]

The post Nomura and J.P. Morgan receive green light to set up majority-controlled securities JVs in China appeared first on Asian Private Banker.

J.P. Morgan Private Bank’s market leader for Singapore and Malaysia has left the bank, Asian Private Banker can reveal. Adrian Teo has stepped down after approximately 1.5 years in the role. Prior to his stint at J.P. Morgan, Teo was managing director, private banking market leader for Singapore at Credit Suisse Private Banking. Earlier in his career, he held similar positions at the likes […]

The post J.P. Morgan PB’s Singapore and Malaysia market leader exits appeared first on Asian Private Banker.

HSBC Private Banking has appointed a new North Asia head of Private Wealth Solutions (PWS), as part of its efforts to expand its trust-related services and in anticipation of the region’s major intergenerational wealth transfer. Cynthia Lee has joined the private bank as head of PWS, North Asia, effective 14 January. In her new role, she will support clients across the […]

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J.P. Morgan Private Bank has nabbed its new head of client investment strategy in Asia from a global asset manager. Alex Wolf has joined J.P. Morgan PB as head of client investment strategy in Asia, according to a Reuters report. Based in Hong Kong, Wolf was most recently a senior emerging markets economist at Aberdeen Standard Investments. Before, he served in […]

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HSBC Private Banking has expanded its international markets team with the hire of a new desk head and new senior director amid a massive frontline hiring spree in the region, Asian Private Banker can reveal. Based in Singapore, Sanjay Shah has been appointed desk head for international markets at HSBC Private Banking. He will support the continued build-out of the bank’s offshore […]

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Despite a reversal in momentum for global fixed income products, flexible bond funds have emerged as an outlier that continues to attract net inflows year-to-date across Asia, according to Morningstar data. Amid the rising interest rate environment — which weighs on overall fixed income strategies — markets, year-to-date (YTD), have seen approximately US$3.3 billion in outflows from overall global fixed income […]

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J.P. Morgan’s asset and wealth management business has expressed a “desire and intent” to increase its current joint venture (JV) stake in China International Fund Management Co Ltd, to ramp up its China onshore presence. Meanwhile, J.P. Morgan’s corporate and investment banking division has applied with the China Securities Regulatory Commission (CSRC) to establish a securities company in which it would […]

The post JPM AWM expresses “desire” to take majority stake in Chinese JV appeared first on Asian Private Banker.

J.P. Morgan Asset Management has seen a pickup in traction for global macro strategies in the alternatives space and expects to see continued client demand, pointing to the asset class’s tendency to deliver differentiated performance to traditional classes and multi-asset strategies that are more reliant on market-linked returns. “This differentiation may come from the fact that all investments are driven […]

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With earnings season in full swing in the US, major American banks have reported healthy gains in client assets and revenues from their wealth management operations in the third quarter. Morgan Stanley reported yesterday that a strong performance from its wealth management business offset a decline in fixed income sales and trading in the three months through September. James Gorman, […]

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HSBC Private Banking has nabbed an ex-J.P. Morgan Private Bank executive director for the role of Thai desk head, Asian Private Banker can reveal. Paul Handley has joined HSBC Private Banking, based in Singapore. He will head the desk dedicated to Thailand coverage. A spokesperson for the bank confirmed Handley’s appointment. Handley previously worked at J.P. Morgan Private Bank as […]

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The J.P. Morgan investor confidence index for Hong Kong reflects a slight decline in investor confidence to 112 points in the second quarter of 2017, from 113 in the previous quarter, despite fewer global uncertainties. Five of the six sub-indices declined, including the ‘HK economic environment’, ‘HK investment environment and atmosphere’, the ‘global economic environment’, the ‘value of investment portfolio’ […]

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J.P. Morgan Private Bank’s former head of equities in Asia is set to resurface in the coming weeks at a rival French lender, Asian Private Banker can reveal. Lemuel Lee, who earlier this month stepped down from his role as Asia head of equities at J.P. Morgan’s private banking arm, will join BNP Paribas Wealth Management as head of investment […]

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Asian Private Banker sits down one-on-one with Andrew Cohen, J.P. Morgan’s CEO for International Private Bank. Andy, you were recently promoted to CEO of J.P. Morgan’s international private banking business. How are you coping with this new role? We have fantastic infrastructure and management teams around the world. We have all worked together for a long period of time so the […]

The post Straight Talk: Andrew L. Cohen, CEO, International Private Bank, J.P. Morgan appeared first on Asian Private Banker.

The J.P. Morgan investor confidence index for Hong Kong remained stable at 113 points in the first quarter of 2017, as rising confidence in the Hong Kong market was tempered by concerns about the global economy. Five of the six sub-indices stayed flat or showed improvements, including the Hang Seng index, ‘economic environment’ , ‘investment environment and atmosphere’ and ‘value […]

The post HK investors “positive” on local stocks despite concerns about global economy appeared first on Asian Private Banker.

Gone are the days of checkbook philanthropy. Asian HNWI and UHNW individuals are seeking more bang for their charitable buck by building social portfolios that rely on strategic frameworks.  Asian Private Banker speaks to Jean Sung, J.P. Morgan Private Bank’s head of The Philanthropy Centre, Asia, on how families are going about constructing their social portfolios and how the American […]

The post Asian families are allocating between 10-30% of their wealth to philanthropy, says J.P. Morgan PB’s Jean Sung appeared first on Asian Private Banker.

J.P. Morgan Private Bank has named a new Asia CEO, Asian Private Banker can reveal. Kam Shing Kwang, senior country officer (SCO) for Hong Kong, has been promoted to the role of Asia CEO for J.P. Morgan Private Bank, while retaining her SCO responsibilities. Kwang reports to Andrew Cohen, CEO for J.P. Morgan’s international private banking business. Cohen was promoted […]

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

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J.P. Morgan Private Bank’s chief executive for Asia, Andrew Cohen, has been appointed CEO for the American lender’s international private banking business, Asian Private Banker can reveal. At the same time, Cohen will remain responsible for J.P. Morgan’s private bank in Asia, having held the role of Asia CEO since 2010. Both Pablo Garnica, EMEA Private Bank CEO, and Chris […]

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