Credit Suisse has given the go-ahead to one of its senior impact investment specialists to establish a new independent firm to provide clients access to opportunities in the sector across Southeast Asia and China, according to an internal memo seen by Asian Private Banker.  Incubated by Credit Suisse, Double Delta has been set up by Joost Bilkes, the bank’s head […]

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UOB Venture Management (UOBVM), the private equity arm of UOB, in collaboration with Credit Suisse, has raked in more than US$60 million at the first close of its second impact fund, Asia Impact Investment Fund (AIIF) II. The first AIIF fund was launched in 2015. The first round of fundraising for AIIF II saw capital commitments from institutional and accredited […]

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In light of growing awareness among clients that there exist investable ESG solutions that do not compromise on returns, Credit Suisse Private Banking is ramping up efforts in both client and relationship manager education to increase the penetration of its ESG assets under management. “We have US$1.3 billion AUM in sustainable assets in APAC, which is about 6% of Credit […]

The post Credit Suisse PB APAC aims to further grow US$1.3B ESG AUM via education: Joost Bilkes appeared first on Asian Private Banker.

Given rising market turmoil in 2018, private banks in the region have been proactively advising clients to shift exposure to long-term sustainable investment opportunities, such as ESG mandates. Yet, in a recent conversation with Asian Private Banker, Bank of Singapore said it is in no hurry to enter the ESG space. “ESG is an area we’re looking at, but there’s […]

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With sustainable and impact investing gaining unprecedented momentum globally, a number of private banks in Asia have been proactively launching and promoting ESG strategies to their high net worth clients through discretionary and advisory mandates. However, most banks and asset managers admit that demand for ESG solutions — both ESG-thematic and ESG-integrated — among Asia’s wealthy, although slowly rising, remains […]

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While private client interest in impact investing continues to increase, their “strong” focus on financial performance and short term returns are stunting the industry’s growth, HSBC Private Banking’s head of investment strategy and advisory for Asia, Fan Cheuk Wan tells Asian Private Banker. “Private banks in Asia have witnessed an increasing interest [from] clients in impact investing,” Fan said, adding […]

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Credit Suisse Private Banking has created a new wealth planning services unit based in Singapore, according to an internal memo seen by Asian Private Banker. Bernard Fung, who will continue to oversee the private bank’s family office and philanthropy advisory services, will head the new team as of 1 March, 2017. According to the memo, “this new unit will leverage existing […]

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