Bank of Singapore will soon enable its high net worth and ultra high net worth clients to buy, sell and store physical gold in a Singapore-based vault, expanding its precious metals offering as demand for bullion surges. The new service, available from 10 June 2026 under parent group OCBC, will also be extended to institutional clients, according to a statement […]

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A seasoned wealth management veteran in Singapore is set to move from Julius Baer to Bank of Singapore, Asian Private Banker can reveal. According to sources familiar with the matter, Vi Sun Yang, the Swiss private bank’s market head for Southeast Asia, will leave the firm to join Bank of Singapore. She is understood to be taking on a Singapore […]

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Asian Private Banker is delighted to present Final Word 2025, our year-in-review feature featuring regional heads from wealth management players across APAC. Click here to read Final Word 2025 In this exclusive feature, top executives reflected on what kept them up at night in 2025, covering everything from digital transformation to regulations, and business strategy to investment performance. Below are some […]

The post Final Word: Private banking leaders reflect on strong a 2025, reveal strategies for 2026 appeared first on Asian Private Banker.

Southeast Asia’s private banks have been experiencing strong inflows and sustained growth momentum, according to private banking leaders at the APB Summit 2025 in Singapore today. The panel discussion, Business highlights: Progress in Singapore’s private wealth business revealed private banking trends in the region, differentiation strategies, and future industry challenges identified by private banking CEOs. International corridors supporting flows At […]

The post APB Summit 2025: Flows, edge, concerns – UBS, Julius Baer, BOS, DBS share insights appeared first on Asian Private Banker.

Singapore’s global reputation as a private banking destination has continued to thrive, underpinned by the city’s political and legal stability. In 2024, private banks in Singapore benefited from an influx of Greater China clients, the growing ASEAN wealth corridor and a supportive policy regime for new family offices, attracting more ultra/high net worth individuals to book assets in the city-state. […]

The post Five private banks to watch in Singapore in 2025 appeared first on Asian Private Banker.

Asian Private Banker is proud to present Final Word 2024, our annual year-in-review segment that highlights all of the crucial issues occupying the minds of the top regional leaders from the likes of UBS Global Wealth Management, HSBC Global Private Banking and Morgan Stanley Private Wealth Management. Click here to read Final Word 2024 In this exclusive feature, top executives […]

The post Final Word: How private bank CEOs in Asia are gearing up to tackle 2025 appeared first on Asian Private Banker.

Bank of Singapore has announced the departure of a veteran private banker as part of management and structure changes in the city-state, according to an internal memo seen by Asian Private Banker.  New management in Singapore hub Robin Heng, a veteran of the bank and current co-head of private banking, Singapore, is retiring at the end of the year, Bank […]

The post Bank of Singapore announces new structure as veteran banker retires appeared first on Asian Private Banker.

At the 2024 Asian Private Banker Summit in Singapore, top leaders from UBP, HSBC, Bank of Singapore, and Apollo Global Management gathered to discuss their business performance this year, the strategies that have proven effective, and what holds promise for the future. UBP reported a notable rise in transactional volumes and a shift toward private markets, while HSBC highlighted the […]

The post APB Summit 2024: HSBC, BoS and UBP on their winning business strategies appeared first on Asian Private Banker.

Bank of Singapore is betting that its focus on tapping into Asia’s multi-trillion dollar generational wealth transfer will propel it into the upper echelons of the region’s private banking landscape within three to five years. The bank currently sits in 9th place in Asian Private Banker Asia 2023 League Tables with US$116 billion in AUM, down 3.3% from the prior […]

The post Bank of Singapore eyes private banking big leagues with US$2.5tn wealth transfer appeared first on Asian Private Banker.

Private banks in Asia enjoyed bumper AUM growth of 16% on average in 2023, according to Asian Private Banker‘s recent Asia 2023 League Tables, adding an aggregated US$400 billion in assets. However, this does not tell the full story. While the likes of UBS Global Wealth Management, HSBC Global Private Banking and DBS swallowed up tens of billions of dollars […]

The post Analysis: Which banks struggled to gain AUM in 2023, and why? appeared first on Asian Private Banker.

Bank of Singapore has appointed a CEO for its Hong Kong branch, according to an announcement on Tuesday. Rickie Chan will be the bank’s new Hong Kong branch chief executive in addition to his current role as head of private banking, Greater China. Effective 17 April 2024, Chan succeeds Cindy Wong, who will retire. She has been made an advisor […]

The post Bank of Singapore names new Hong Kong CEO 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.

Jason Moo is determined to enhance the synergy between OCBC and Bank of Singapore to champion the ‘one bank’ concept, unlocking untapped cross-functional capabilities – and he’s already making moves to unleash their combined potential. In a competitive market where most private banks are banking on their single proposition to win HNW wallet share, the Bank of Singapore CEO will […]

The post “Eyes on my competitors”: Jason Moo’s ‘one bank’ quest for Bank of Singapore appeared first on Asian Private Banker.

One year since taking over at Bank of Singapore, CEO Jason Moo is focused on shaping the future. With a strong emphasis on strategy, he aims to establish a unique selling proposition that will differentiate the bank in the next three to five years. But he has not been afraid to take bold steps. In September, he tweaked the bank’s […]

The post “The accidental CEO”: Jason Moo’s Bank of Singapore reshuffle explained appeared first on Asian Private Banker.

Drawing inspiration from diverse female figures ranging from Mulan to Taylor Swift to former New Zealand Prime Minister Jacinda Ardern, as well as esteemed private bankers like Kathryn Shih, six more executives leading Asia’s private banking industry bring you their insights to continue our International Women’s Day special. Male private banking leaders share their personal perspectives on the industry’s current […]

The post IWD 2024: The male private bankers inspired by Taylor Swift, Mulan, Kathryn Shih 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.

After weeks of speculation, Asian Private Banker can confirm the appointment of former Credit Suisse Hong Kong CEO at Bank of Singapore. Rickie Chan will be joining Bank of Singapore as head of private banking, Greater China, Hong Kong branch, according to people close to the matter. Teresa Lee, the current head of Greater China at Bank of Singapore Hong […]

The post Former CS Hong Kong CEO to join Bank of Singapore appeared first on Asian Private Banker.

A member of senior management at Bank of Singapore has decided to depart the bank, Asian Private Banker has learnt. Alexandre Lotfi, global chief risk officer and former interim chief executive for the bank’s Dubai International Finance Centre branch, will soon depart the bank for personal reasons, according to an internal memo seen by Asian Private Banker. Lotfi joined Bank […]

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CIMB’s head of private banking in Singapore has joined Bank of Singapore as a team head, Asian Private Banker can reveal. The Singapore-based lender told APB that Syed Razif Al-Idid joined on August 7 as a team head, reporting to Kenneth Tan, market head for Singapore, Malaysia and International. Al-Idid spent close to six years at CIMB Private Banking and […]

The post Bank of Singapore hires CIMB Private Banking head appeared first on Asian Private Banker.

Bank of Singapore has appointed a new chief operating officer from Credit Suisse, as the lender seeks to push deeper into new markets across Asia and the Middle East and accelerate its transformation efforts. Jacky Ang will become global chief operating officer, reporting directly to CEO Jason Moo, the bank said on Wednesday. Ang, whose appointment is effective September 13, […]

The post Bank of Singapore hires new COO from Credit Suisse appeared first on Asian Private Banker.

A Greater China team at Bank of Singapore consisting of about nine RMs has resigned and is set to join EFG, Asian Private Banker can reveal. Alex See, the current Greater China market head, and veteran of the lender, has decided to leave the bank, multiple people confirmed. James Foo and Shirley Ong, both managing director-level senior private bankers, are […]

The post Bank of Singapore Greater China team to join EFG appeared first on Asian Private Banker.

Bank of Singapore has appointed a new Hong Kong-based head of alternative investments and managed solutions, Asian Private Banker can reveal, as the lender looks to ramp up its offerings in this space. Stephen Sheung was most recently a director for discretionary & funds specialist at HSBC Global Private Banking in Hong Kong, where he spent the last five years. […]

The post Bank of Singapore picks head of alts in Hong Kong from HSBC appeared first on Asian Private Banker.

The following is an excerpt from Asian Private Banker’s Bottom Line newsletter – an essential rundown of all of the past week’s essential news and views on the region’s private banking industry. Bottom Line is available to all APB subscribers. During frequent conversations with private bank CEOs, this editor has lost count of the number of times regional leaders bring […]

The post Bottom Line: Bank of Singapore readies hiring spree appeared first on Asian Private Banker.

Bank of Singapore hopes to increase its AUM to US$145 billion and its number of RMs to 500 within two-and-a-half years by focusing on growth in family offices and Greater China, according to the private bank’s recently-appointed CEO. Speaking at an event in Hong Kong on Monday, Jason Moo laid out the private bank’s ambitious growth targets, which on the […]

The post Bank of Singapore to hire 100 RMs in ambitious AUM push appeared first on Asian Private Banker.

Julius Baer has announced three senior appointments to bolster its Southeast Asia team, including a replacement for Jason Moo. With immediate effect, Chin Lit Yee has been named head of Southeast Asia and Yee Kim Tan has taken up the role of Singapore branch manager. Kevin Tay has assumed Yee’s role as group head of Southeast Asia. Yee will report […]

The post Julius Baer announces new head of Southeast Asia appeared first on Asian Private Banker.

Bank of Singapore has a new CEO after Bahren Shaari announced that he was stepping down from the role, the private bank said on Tuesday. Jason Moo, who resigned from Bank Julius Baer last month, will start on March 6. Shaari’s last day as CEO was December 31. Vincent Choo, a member of the board of directors, will take the […]

The post Bank of Singapore hires ex-Julius Baer Southeast Asia head as CEO appeared first on Asian Private Banker.

The head of private banking for Southeast Asia at Julius Baer has resigned, the bank said on Friday (December 16). Jason Moo, who is also the branch manager for Singapore, will leave the bank after less than three years in the role to pursue other opportunities, the bank added. Jimmy Lee, head of Asia Pacific, will take over as interim […]

The post Julius Baer‘s head of Southeast Asia resigns appeared first on Asian Private Banker.

Julius Baer has expanded its Southeast Asia team with two more senior hires, according to an internal memo seen by Asian Private Banker. The Swiss pure play has appointed Kent Choi as team head for Southeast Asia, reporting to Ho Shui Wei who joined the bank in August as group head of Southeast Asia. A veteran banker with more than […]

The post Julius Baer hires from Credit Suisse, UBS to bolster Southeast Asia team appeared first on Asian Private Banker.

Julius Baer is continuing to build up its second home market with two major hires in the Southeast part of the region, according to an internal memo seen by Asian Private Banker. The Swiss private bank has appointed both Yang Vi Sun and Ho Shui Wei as a group head of Southeast Asia. Ho replaces Christian Cappelli, who moved back to […]

The post Julius Baer picks Southeast Asia group heads from UBS, Bank of Singapore appeared first on Asian Private Banker.

Global private banks are racing to tap Thailand’s burgeoning onshore wealth market, as Southeast Asia’s second-biggest economy churns out UHNWIs at an accelerating pace. Following steady economic growth in recent years driven by its thriving tourism sector and industrial base, Thailand counted 772 UHNWIs with assets in excess of US$50 million in 2020, according to Credit Suisse Global Wealth Report […]

The post HSBC GPB and SCB Julius Baer vie for supremacy in Thailand’s onshore wealth boom appeared first on Asian Private Banker.

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 […]

The post Julius Baer Southeast Asia veteran heading back to Zurich appeared first on Asian Private Banker.

Julius Baer has announced a new head of wealth planning and family office services, Singapore, effective 1 November 2021. Kevin Tay has rejoined Julius Baer and will be responsible for leading the bank’s wealth planning team in the city-state. In a newly-created role, he will also oversee Julius Baer’s family office offering, which provides bespoke solutions for these clients. He […]

The post Julius Baer appoints head of wealth planning and family office services for Singapore appeared first on Asian Private Banker.

Julius Baer has named Goldman Sachs’ former Singapore CEO, Jason Moo, as its new head private banking South East Asia and branch manager Singapore, subject to regulatory approval. The appointment is effective 17 February 2020. He will also be responsible for Julius Baer’s operations and development in Singapore. Moo’s predecessor, Torsten Linke, will take on the new role of head global […]

The post Julius Baer names Goldman Sachs veteran as new Southeast Asia PB head appeared first on Asian Private Banker.