HSBC Private Bank has delivered two consecutive years of high double-digit growth in net new assets and revenue, supported by productivity gains and a more selective hiring approach, even as senior departures continue across the industry. Under Lok Yim, HSBC PB’s Asia Pacific head, the bank has shifted away from rapid expansion toward more measured, longer-term growth, with corresponding adjustments […]

The post “I’m hiring for attitude”: Lok Yim on HSBC Private Bank’s long-term reset appeared first on Asian Private Banker.

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.

North Asia’s private banking sector is observing a “golden moment,” fueled by increasing market strength and clients seeking diversification, private banking leaders said at the Asian Private Banker Summit 2025 in Hong Kong. “It’s a rising tide in the markets. I think much of the work we have collectively put in as an industry over the last few years, along […]

The post APB Summit 2025: HSBC, UBP, Morgan Stanley PWM on North Asia’s ‘golden moment’ appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) has reshuffled its onshore China leadership, with the onshore private banking head taking up a new role, Asian Private Banker understands. Jackie Mau, formerly the head of HSBC GPB China, has taken up a new role as one of “HSBC Group’s How We Lead Performance Coaches,” led by the group director of customer and […]

The post HSBC GPB China head changes to new role appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) has named a head of investment counsellors (IC) for Asia Pacific. Effective 5 August, Edmund Lo will become regional head of IC, Asia Pacific, for the retail-linked private bank, according to a statement from the bank on Friday. Based in Hong Kong and succeeding Gabriel Tam, Lo will report to Lok Yim, regional head of […]

The post HSBC GPB names APAC investment counsellors head appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) is seeking to capture the wealth growth potential of early-stage entrepreneurs with a targeted offering. HSBC has launched a private wealth entrepreneur incubation programme for existing corporate clients, which aims to nurture and accelerate high-potential business owners who are yet to onboard with the private bank and are early in their growth journey, the […]

The post HSBC GPB targets early-stage entrepreneurs with new offering appeared first on Asian Private Banker.

The next frontier in private credit for wealth investors in Asia is likely to be less explored areas like infrastructure and aircraft finance, according to the president of Apollo Global Management, who estimated that the value of this opportunity could be around US$40 trillion. Speaking at the HSBC Global Investment Summit 2025’s Private Wealth Sessions in Hong Kong, James Zelter […]

The post US$40tn opportunity? Apollo reveals next big thing for private credit appeared first on Asian Private Banker.

HSBC Global Private Banking (HSBC GPB) has appointed the former head of Deutsche Bank Private Bank North Asia to a senior regional role. Effective 14 April, Kanas Chan will join HSBC GPB as head of North Asia and Hong Kong, according to an announcement. Chan will report to Lok Yim, regional head for GPB Asia Pacific, and Maggie Ng, head […]

The post HSBC GPB appoints ex-Deutsche Bank PB North Asia head 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.

HSBC Global Private Banking (HSBC GPB) faces a growing list of vacancies for top roles in Singapore and Southeast Asia, underscoring some of the challenges it must address as it seeks to build up its presence in a key part of the region. Most recently, Ong Kin Yok, managing director and desk head for Malaysia and Singapore, has decided to […]

The post Can Lok Yim solve HSBC GPB’s talent challenges in Southeast Asia? appeared first on Asian Private Banker.

HSBC has unveiled its first premium credit card curated for private banking clients in Hong Kong, with a long list of perks ranging from exclusive access to private clubs to airport limousine transfers. The bank debuted HSBC Privé in partnership with Mastercard in Hong Kong this week. The invitation-only card will also be launched in Singapore, India and more markets […]

The post Golf, gastronomy and airport limousines: HSBC debuts credit card for GPB clients in Hong Kong appeared first on Asian Private Banker.

Amid rising geopolitical tensions and volatile markets, what is the secret to success in Asia’s private banking space in 2024? According to leading private bankers at the Asian Private Banker Summit 2024 in Hong Kong, staying close to clients is key. Leading up to the Summit this week, Chinese markets had experienced a roller coaster ride. They had first seen […]

The post APB Summit 2024: Top CEOs reveal secrets to thriving amid volatility appeared first on Asian Private Banker.

While many private banks in Asia are preoccupied with aggressively expanding relationship manager (RM) headcount, HSBC Global Private Banking’s (HSBC GPB) Lok Yim has other priorities. HSBC GPB, Asia’s second-largest private bank by AUM and third in APB Insights‘ RM league table, has lost some heavyweight bankers in recent months when other banks have announced ambitious headcount targets. Bryce Wan and Edwin […]

The post Hiring? Not yet. Lok Yim’s priorities for HSBC GPB Asia lie elsewhere appeared first on Asian Private Banker.

Lok Yim is a rare species in Hong Kong. In more than two decades as one of the city’s top private bankers, he has never opened an account with HSBC, the territory’s biggest lender. While that has recently changed, with Yim just over six months ago taking the helm of HSBC Global Private Banking (HSBC GPB) in Asia Pacific, it […]

The post “We underestimate our strengths”: Lok Yim on HSBC GPB’s plan for Asia domination appeared first on Asian Private Banker.

HSBC Global Private Banking is hoping to take advantage of a growing buzz among Asian UHNW clients when it comes to artificial intelligence (AI), with interest in this area set to rise further as the share price of industry flagbearer Nvidia hurtles towards US$1,000. The UK bank on Wednesday debuted its “All-in on Innovation” thought leadership programme, under the HSBC […]

The post HSBC GPB seeks to flex AI muscles after Silicon Valley Bank buy appeared first on Asian Private Banker.

While some private banks in Asia continued with a headcount freeze in April, others were actively looking externally to fill senior positions. However, the big story in April concerned HSBC Global Private Banking (HSBC GPB), whose Hong Kong market head made the shock decision to resign and take the top job at a leading international school. Fortunately, the bank may […]

The post What next for HSBC GPB after Bryce Wan goes back to school? appeared first on Asian Private Banker.

Hong Kong is amping up its efforts to attract the world’s ultra-rich to set up family offices in the city with an upcoming event featuring big names, spanning from a US basketball legend to a renowned Italian fashion mogul. High-profile speakers at the Wealth For Good summit, which is slated for March 27, include Jeffrey Katzenberg, former chair of Walt […]

The post NBA legend to private banking veterans: HK lines up heavyweights for family office summit appeared first on Asian Private Banker.

While the hiring landscape in private banking calmed slightly in February, this lull was then offset by reshuffling within the industry, particularly at HSBC and Citi. Citi’s new structure  As Citi’s CEO Jane Fraser tries to control costs and profitability, a number of HNW-focused personnel depart across its key Hong Kong and Singapore hub under the codename “Project Bora Bora.” […]

The post Movers & Shakers – February 2024: HSBC, Citi restructure as talent war cools appeared first on Asian Private Banker.

From HSBC Global Private Banking’s Lok Yim, to BNP Paribas Wealth Management’s Arnaud Tellier and Julius Baer’s Jimmy Lee, Asia Pacific has produced a plethora of leading private banking CEOs. What is perhaps less known, though, is that for each of these male bankers, there is an inspirational female figure. From a great-grandmother with a quiet strength who came to […]

The post IWD 2024: Male private banking heads reveal the women who inspired them appeared first on Asian Private Banker.

HSBC Global Private Banking (GPB) has announced leadership changes for North Asia, Asian Private Banker can reveal. Subjecting to regulatory approval, Bryce Wan, market head for North Asia, will become market head for Hong Kong in April, according to an internal memo seen by Asian Private Banker.  Rachel Wei, who was previously appointed Hong Kong market head in 2018, will take […]

The post HSBC GPB reshuffles North Asia leadership appeared first on Asian Private Banker.

2023 was certainly not an easy year for private banks in Asia Pacific, with the impact of high interest rates, an underperforming Chinese equities market, and clients sticking to deposits. A few private banks also made some structural changes following the collapse of Credit Suisse, with some going through leadership transitions. Below, in no particular order, Asian Private Banker has […]

The post Five private banks to watch in 2024 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.

HSBC Global Private Banking (GPB) has made leadership changes in the Middle East, with a new head appointed for the Middle East and North Africa (MENA). Aladdin Hangari has joined the UK lender as head of GPB for MENA, succeeding Sobhi Tabbara, who is set to depart the bank in January 2024, according to the bank. In his new role […]

The post HSBC GPB hires Credit Suisse bankers to strengthen Middle East coverage appeared first on Asian Private Banker.

It has been a busy 2023 for Asia’s private banking headhunters, and the most recent quarter showed no signs of slowing down. The period from July to September was characterised by heavyweight people moves in the region, from CEOs, to market heads, to veteran RMs. While the integration of Credit Suisse into UBS continued to be a source of major […]

The post Revealed: The biggest Asian private bank people moves of 3Q23 appeared first on Asian Private Banker.

The appointment of Lok Yim as HSBC Global Private Banking’s (HSBC GPB) new head of Asia-Pacific has sent shockwaves through the regional industry, with many senior figures now wondering what “magic” the investment banking and wealth veteran will bring to his new employer. Yim’s departure from Deutsche Bank Private Bank (Deutsche Bank PB) has coincided with a disappearing act for […]

The post Lok Yim: Here’s what HSBC can expect from Deutsche Bank’s “magician” appeared first on Asian Private Banker.

HSBC has appointed a new regional head of global private banking, Asia Pacific, to replace Siew Meng Tan, who is retiring, the bank said on Wednesday. Deutsche Bank veteran Lok Yim has been appointed as HSBC’s new regional head of global private banking for Asia Pacific. Yim succeeds Siew Meng Tan, who will retire after two decades of senior leadership […]

The post Deutsche Bank’s Lok Yim to join HSBC replacing Siew Meng Tan appeared first on Asian Private Banker.

The hiring strategy for private banks this year has been about finding the right top talent and bringing in the right cultural fit. Here, Asian Private Banker explores the differing hiring strategies among private banks and highlights Asia’s top at-large private banking talents. Speaking to Asian Private Banker about the bank’s hiring plan, Vincent Chui, the head of Morgan Stanley Private […]

The post Revealed: The top Asian private banking talent looking for new roles appeared first on Asian Private Banker.

Deutsche Bank’s Hong Kong CEO and former head of wealth management in Asia-Pacific has resigned, Asian Private Banker can reveal, marking another senior departure in the region for the German lender. Lok Yim, who ran Deutsche Bank’s regional private bank from 2016 to 2022, will depart towards the end of the year, people familiar with the matter said. Joe Lai, […]

The post Deutsche Bank Asia private banking veteran Lok Yim resigns appeared first on Asian Private Banker.

Deutsche Bank International Private Bank (Deutsche Bank IPB) has tapped an ex-Credit Suisse deputy wealth head for Asia Pacific to lead its business in the region, according to an announcement by the German lender. Based in Singapore, Young Jin Yee will join Deutsche Bank IPB ON 3 January. She will also be part of Deutsche Bank IPB’s global executive committee. […]

The post Deutsche Bank IPB makes APAC leadership changes with new head appeared first on Asian Private Banker.

The co-head of UBS Global Family Office for APAC is returning to Deutsche Bank after a hiatus of four years. Anurag Mahesh is rejoining the German lender as vice chairman for wealth management APAC, according to an internal memo seen by Asian Private Banker. Based in Singapore, Mahesh will report to Lok Yim, MD, head of International Private Bank, Asia […]

The post UBS GFO co-head rejoins Deutsche Bank as vice chairman for WM APAC appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Both Singapore and Hong Kong are placing a strong emphasis on cultivating a competitive and supportive environment for family […]

The post Final Word 2020: Development of family office-supportive ecosystem appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Where do you see the best application of data analytics/machine learning in private banking? Lok Yim, Deutsche Bank We […]

The post Final Word 2020: Data analytics and machine learning appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What key investment themes shape your bank’s 2021 outlook — and why? Tan Siew Meng, HSBC Private Banking Asia […]

The post Final Word 2020: Top investment themes appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: In what ways has the COVID-19 pandemic irrevocably changed the private banking industry and your own bank’s approach to […]

The post Final Word 2020: How COVID-19 changed the private banking industry appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Few can deny the importance of Asia’s onshore wealth markets — in terms of asset pools and the need […]

The post Final Word 2020: Asia’s PBs and the onshore opportunity appeared first on Asian Private Banker.

Deutsche Bank AG’s ability to act as a one-stop shop for HNW entrepreneurs will help it survive and thrive in the intense competitive environment in Asia, Claudio de Sanctis, global head of IPB, CEO EMEA, Deutsche Bank told Asian Private Banker in an exclusive conversation. De Sanctis was speaking during the two-day APB Virtual Summit held on 2 and 3 […]

The post Deutsche Bank has “unique winning proposition” to succeed in Asia: Claudio de Sanctis appeared first on Asian Private Banker.

Asia will remain a focal point of Deutsche Bank’s wealth management business after it has merged its wealth management and private & commercial business international units under a new international private bank structure. The new structure effectively combines Deutsche Bank’s retail and wealth management business in Europe and India, a spokesperson at the bank told Asian Private Banker, and agrees with […]

The post DB remains focused on Asia with new international PB structure appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has introduced a range of initiatives designed to improve employee engagement and workplace culture, at a time when the lender is investing heavily in its international private banking arm amid group-wide restructuring. The initiatives include a ‘People Engagement Month’ and an annual employee ‘pulse check’, with an emphasis on “creating opportunities for a culture of engagement”, Stuart […]

The post Deutsche Bank WM steps up employee engagement appeared first on Asian Private Banker.

Lok Yim, head of emerging markets at Deutsche Bank Wealth Management, addressed clients at a closed-door event held in Singapore today, elucidating a clear path of growth for the lender’s wealth management arm in emerging markets amid heightened speculation over Deutsche’s sweeping restructuring plans. Expressing gratitude for the bank’s Asian clients’ trust and support, Yim underlined that the wealth management […]

The post Deutsche Bank WM’s Lok Yim reassures Asia clients amid restructuring appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has joined a rarefied group of private banks with an up-and-running digital flat-fee advisory offering in Asia, launching its dbXpert service in Hong Kong and Singapore on Wednesday. Developed over a tight three-month period, dbXpert is the result of a globally coordinated project with a centralised budget. However, it is in Asia where clients will get […]

The post Deutsche Bank WM enters flat-fee advisory fray with dbXpert launch appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is your view on robo-advisors and is your firm developing robo-capabilities of its own? Have you observed any robo-advisory developments that […]

The post Final Word 2018: CEOs talk robo strategies and the human element appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Ten years on from the GFC, how has your product shelf evolved and how have clients’ perceptions of structured products changed? Steven […]

The post Final Word 2018: CEOs discuss how their product shelves and investor behaviour have evolved since the GFC appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: Although geopolitical uncertainty and volatility pose a challenge to DPM performance, will these dynamics ultimately prove a boon for the discretionary business […]

The post Final Word 2018: CEOs discuss DPM and alternatives amid today’s erratic markets appeared first on Asian Private Banker.

‘Final Word’ is a ten-part series in which the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology. For this instalment, Asian Private Banker asks: What is the state of Asia’s talent pool and did your firm pay significantly higher for new talent? What is your view […]

The post Final Word 2018: CEOs chime in on the state of Asia’s PB talent pool appeared first on Asian Private Banker.

Asia will receive the lion’s share of Deutsche Bank Wealth Management’s €65 million investment in new digital technologies, in a move that will see the region become the innovation engine of the private bank. Sudhir Nemali, Deutsche Bank Wealth Management’s APAC COO, has told Asian Private Banker that a significant chunk of the discretionary spend will go to the region […]

The post Asia at the epicentre of Deutsche Bank WM’s tech ambitions appeared first on Asian Private Banker.

Fed up with the time it takes to onboard clients and the private banking industry’s creeping progress on the matter, Lok Yim, Deutsche Bank Wealth Management’s emerging markets head — covering Asia Pacific, and the Middle East and Africa — has set his sights on fixing a process that he says is unnecessarily convoluted and harmful to the client experience. […]

The post Deutsche’s Lok Yim wants to fix client onboarding — once and for all appeared first on Asian Private Banker.

Deutsche Bank’s chief executive, Christian Sewing, has sounded a positive note on the future of the bank’s Asia wealth management franchise amid news the German lender plans to slash over 7,000 jobs as part of a revamp of its equities sales and trading business. In a 6,000 word speech delivered at Deutsche’s AGM yesterday, Sewing highlighted Asia alongside Germany, Europe, the […]

The post Deutsche’s Sewing optimistic about wealth management, takes axe to IB appeared first on Asian Private Banker.

Reports that Deutsche Bank has stepped back from its decision to sell its private and retail banking businesses in India, while unconfirmed, are consistent with the bank’s recent NRI push and a broader uptick in interest in the domestic wealth market. The German lender, under new leadership, is said to have halted discussions with IndusInd Bank on the sale of […]

The post Deutsche Bank WM’s NRI push supports India U-turn speculation appeared first on Asian Private Banker.

Deutsche Bank announced on Friday its chief country officer for Hong Kong is set to retire. The role will be filled by bank’s incumbent private banking head in Asia Pacific. Lok Yim will retain his current title while he takes on a new role as Deutsche Bank’s new chief country officer in Hong Kong. In his new capacity, he will be responsible for the management and governance […]

The post Deustche Bank’s Hong Kong chief country officer steps down appeared first on Asian Private Banker.

Deutsche Bank Wealth Management may have ticked off a long list of technology-related goals in 2017 amidst a broader rebuild of its business in Asia, but its regional head, Lok Yim, has told Asian Private Banker that the private bank’s focus this year will be on developing its existing digital toolkit. “In 2018, we will not roll out any major […]

The post No “major tech launches” in 2018 for Deutsche Bank WM in Asia: Lok Yim appeared first on Asian Private Banker.

Deutsche Bank Wealth Management (WM)’s non-resident Indian (NRI) desk in Dubai was the best performing team in the bank’s Global South Asia (GSA) unit in 2017 by revenue and AUM growth, according to Lok Yim, the private bank’s Asia head. While Deutsche is by no means a newcomer to the NRI circuit, Yim told Asian Private Banker that the decision to add […]

The post Deutsche Bank WM’s Lok Yim: Dubai NRI team “overshot projections” appeared first on Asian Private Banker.

Deutsche Bank Wealth Management says that it will continue to add to its NRI teams in Singapore and London, with 10 bankers set to join the German lender in the first quarter, in addition to three recent additions, two of which were reported by Asian Private Banker last week. In a statement released today, the private bank announced the appointments of Swapnil […]

The post Deutsche Bank WM to hire 10 more NRI bankers in SG and Dubai in Q1 appeared first on Asian Private Banker.

Deutsche Bank Wealth Management is continuing to add to its headcount in Asia, particularly for its non-resident Indian business that spans Hong Kong, Singapore and Dubai. This month, the German lender added two managing directors in Singapore to beef up its NRI desk. The new additions, Sagar Sapra and Rasik Ahuja, joined from Standard Chartered Private Bank and Union Bancaire Privée, respectively. […]

The post Deutsche Bank WM continues NRI hiring spree appeared first on Asian Private Banker.

This piece is part of The Final Word series, where top private banking and wealth management heads share their views on industry trends in 2017 and the year to come. Today, the theme is business performance. For some, asset gathering in 2017 was all about adding to the frontline via key hires, while for others, the focus was on increasing […]

The post The Final Word: Business performance appeared first on Asian Private Banker.

This piece is part of The Final Word series, where top private banking and wealth management heads share their views on industry trends in 2017 and the year to come. Some say tech or non-traditional players, some say the expansion of Chinese banks; some say regulatory tightening; but what do you believe will be the greatest source of disruption for […]

The post The Final Word: Industry trends appeared first on Asian Private Banker.

Confirming Asian Private Banker’s report yesterday, Deutsche Bank Wealth Management has announced a number of hires for its Southeast Asia business. The private bank added to its ranks former Indonesia market leader for BNP Paribas Wealth Management, Jonathan Ng, along with three other bankers. Based in Singapore, Ng reports to Kin-Mun Kwong, head of WM coverage, Southeast Asia. A second team of […]

The post Deutsche Bank WM confirms hire, reveals further appointments appeared first on Asian Private Banker.

Deutsche Bank WM has nabbed the former market leader for Indonesia at BNP Paribas Wealth Management to bulk up its operations in Singapore, Asian Private Banker can reveal. Jonathan Ng has joined the German lender in Singapore, according to sources close to the matter. He is believed to have joined Deutsche alongside a handful of bankers. A spokesperson for the […]

The post Deutsche Bank WM hires former BNP Paribas WM Indonesia market leader appeared first on Asian Private Banker.

Deutsche Bank Wealth Management (WM) has made two senior hires in the region to strengthen its product platform and support its growth strategy, according to a statement from the bank today. Wee Teck Tay and John Liley join as director, head of private markets for APAC and director, funds solutions specialist, APAC, respectively. Both are based in Singapore. Tay reports […]

The post Deutsche Bank WM makes two senior product hires in Singapore appeared first on Asian Private Banker.

Deutsche Bank WM’s head of wealth management coverage for Global South Asia is set to relocate, Asian Private Banker has learnt. Advertisement Amrit Singh will move from London to Singapore in September, subject to regulatory approval. Singh’s title will remain unchanged and he will continue to report directly to Asia Pacific head Lok Yim. A spokesperson for Deutsche Bank confirmed the […]

The post Deutsche Bank WM’s Global South Asia wealth management coverage head to relocate appeared first on Asian Private Banker.

Following a healthy increase in the first quarter, Deutsche Bank Wealth Management’s client assets in the Asia Pacific edged €1 billion lower in the second quarter through June to €47 billion, the bank’s financial statements show. Globally, Deutsche Bank Wealth Management’s client assets fell €5 billion QoQ to €299 billion, meaning APAC now accounts for 16% of AUM. Deutsche Bank’s […]

The post Deutsche Bank WM sees slight decline in APAC client assets appeared first on Asian Private Banker.

Deutsche Bank’s Lok Yim was appointed head of wealth management APAC at a difficult juncture for the lender. Deutsche’s share price was reaching new lows, a DoJ fine hung overhead and the bank’s wealth management business in Asia had lost some key personnel to rival UBS. Yim sits with Asian Private Banker to touch upon his first seven months at the helm, the state […]

The post Deutsche Bank WM’s Lok Yim: “We’ve turned the corner” appeared first on Asian Private Banker.

Deutsche Bank Wealth Management plans to hire 100 client managers globally this year, with the Asia Pacific accounting for half of the planned hires, the German lender said in a statement. The hiring drive in the region forms part of the bank’s plans “to build out client coverage of high net worth individuals in Asia Pacific”. The rest of the […]

The post Deutsche Bank WM to hire 50 client managers in Asia, 100 globally appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has hired four bankers from a rival lender for a new Greater China team, the German bank said on Thursday. The Hong Kong-based team joins from Bank of East Asia, and is the latest addition to Deutsche Bank Wealth Management’s Greater China unit, after the lender recruited Terry Tung, formerly at UBS, as managing director and […]

The post Deutsche Bank WM creates new team to bolster Greater China coverage appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has bolstered its Greater China business with the hire of a former UHNW banker from UBS. Terry Tung joins the German lender’s wealth arm as a managing director and team head covering clients in the Greater China region. A spokesperson for the bank confirmed the hire. Tung has 12 years of experience serving UHNW clients, particularly from […]

The post Deutsche Bank WM hires former UBS UHNW banker appeared first on Asian Private Banker.

Deutsche Bank Wealth Management’s client assets in the Asia Pacific region inched up €1 billion to €50 billion at the end of the third quarter, even as the global private bank saw a net outflow of €7 billion and an overall 14% QoQ drop in client assets to €312 billion. The steady regional total comes at a time when Deutsche’s wealth management franchise […]

The post Deutsche Bank WM’s Asia AUM remains steady appeared first on Asian Private Banker.

High profile departures may not have helped Deutsche Bank – its head of wealth management APAC Ravi Raju and global head of key client partners Anurag Mahesh resigned within days of each other – but they have not deterred it either. Asian Private Banker‘s editor-in-chief Shruti Advani [SA] asks Fabrizio Campelli [FC], global head of wealth management, and Lok Yim [LY], newly […]

The post Exclusive interview with Deutsche Bank WM’s Fabrizio Campelli and Lok Yim: “My brief is to grow [WM in Asia], not ring fence it to prepare it for an exit” appeared first on Asian Private Banker.

Lok Yim’s rise to the top of Deutsche Bank’s wealth management franchise in Asia came in an unprecedented manner; global clients are decidedly jittery about the impact a large DoJ fine or other potential fines could have on the franchise and, a day after the private bank was rocked by the resignation of industry stalwarts Ravi Raju and Anurag Mahesh, Yim was […]

The post Lok in: Deutsche WM’s new APAC point man profiled appeared first on Asian Private Banker.

Deutsche Bank Wealth Management APAC head, Ravi Raju, is headed to UBS Wealth Management, with sources indicating that the veteran will become UBS WM’s global UHNW APAC head. UBS WM declined to comment on Raju’s move. Raju hit headlines yesterday when he resigned from the German bank as the head of its wealth management franchise in Asia. He was soon followed […]

The post Deutsche’s former APAC WM head UBS-bound appeared first on Asian Private Banker.

Deutsche Bank Wealth Management has named a new APAC head following the resignation of Ravi Raju, as reported earlier by Asian Private Banker. According to an internal memo seen by this publication, Lok Yim, head of wealth management for North East Asia, has been appointed as Raju’s successor. A spokesperson for Deutsche has since confirmed Yim’s promotion. Meanwhile, Fabrizio Campelli, […]

The post Deutsche Bank WM names new APAC head [UPDATED] appeared first on Asian Private Banker.

Weaker market sentiment and slimming returns after listing have taken some of the allure off IPOs but bankers say Asia’s HNW investors have transferred this traditional focus to private equity, given the outlook of public markets. “Private equity has been trending as public markets get more and more expensive,” says Lok Yim, head of North Asia at Deutsche Asset & […]

The post Sluggish IPOs lead to diversified PE sales at private banks appeared first on Asian Private Banker.

The wealth management universe has worked long and hard in recent years to convince clients on the benefits of diversification and delegation. Unsurprisingly, results vary widely. A study into the region’s private banking portfolios reveals three common types of HNW investors: the Credit Addict, the Fence Sitter and the Fortified. (This article first appeared in Issue 91 of Asian Private […]

The post A pre-hike diagnosis of Asian HNW idiosyncracies appeared first on Asian Private Banker.

It is one thing to be bearish on Chinese equities and another to expect prices to return to 2008 levels. Such has been the case, say Asia-based gatekeepers of structured products who are seeing peculiar strike levels for Chinese blue chip stocks. Asian Private Banker has learnt that private banks in Asia have been offered fixed coupon equity-linked notes tracking […]

The post Asian gatekeepers ponder “sensationalist” derivatives appeared first on Asian Private Banker.

It is one thing to be bearish on Chinese equities and another to expect prices to return to 2008 levels. Such has been the case, say Asia-based gatekeepers of structured products who are seeing peculiar strike levels for Chinese blue chip stocks. Asian Private Banker has learnt that private banks in Asia have been offered fixed coupon equity-linked notes tracking […]

The post Asian gatekeepers ponder "sensationalist" derivatives appeared first on Asian Private Banker.

In the midst of an equity slump and just ahead of the World War II victory parade this Thursday, uncertainty continues to dog the Chinese market as conflicting media reports emerge on possibly more government intervention. One said today that China Securities Regulatory Commission (CSRC) chairman Xiao Gang met with the representatives of 50 brokerages in a closed-door meeting on Saturday, in […]

The post Conflicting reports add to market uncertainty appeared first on Asian Private Banker.