Marc Van de Walle’s ambition is to advance Standard Chartered’s unified wealth platform to support all wealth clients across the bank. And having introduced 20 new digital capabilities since his interview with Asian Private Banker last year, significant progress is being made. The platform, which caters to clients across the wealth continuum, has three essential components. First, is the core […]

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‘Digital first’ and ‘personalised advice’ have topped the agenda for Marc Van de Walle, who is on a mission to create a single wealth platform for Standard Chartered Bank’s wealth management clients in over 30 markets. Spread across four segments, the wealth management business supports the private banking unit where the investable amount starts at US$5 million, as well as […]

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Standard Chartered has appointed a new head of wealth management for Hong Kong from Citibank. The bank said in a statement on Friday that Alson Ho will oversee the wealth management team in Hong Kong and deliver a suite of wealth solutions and advice for all client segments under the bank’s global wealth management strategy. Ho’s appointment is effective immediately. Ho […]

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Uncertainties due to COVID-19 have caused global affluent investors to lose confidence in their financial management, preventing them from taking actions to achieve their life goals, according to Standard Chartered. The bank’s latest Wealth Expectancy report shows that the pandemic has encouraged the affluent to rethink their wealth management, with 42% of those surveyed claiming that the pandemic has diminished […]

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Standard Chartered Bank Wednesday scooped a well-known technology entrepreneur and discretionary portfolio management veteran as the British bank prepares to stave off the threat to its mainstay Asian business from robo-advisors and legacy banks rolling out tech-first wealth management apps. Subject to regulatory approval, Chandrima Das will take on the role of Standard Chartered’s global head, managed investments, the bank […]

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Standard Chartered’s global private banking head is stepping down. On Tuesday, the lender announced the new structure under its Consumer, Private and Business Banking (CPBB) business as well as its new Asia region structure. Didier von Daeniken will be leaving the bank after a transition period, handing over to Judy Hsu, the CPBB head and interim head of the private […]

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As the region with the fastest growing amount of wealth and number of HNWIs, Asia has long been an attractive market for private banks. But two consolidation waves over the past decade have demonstrated that this is a highly competitive environment populated by the best banks — ranging from globally renowned lenders to promising local incumbent brands. In Asian Private […]

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Standard Chartered Private Bank has named a 30-year industry veteran as executive director, based in Singapore. Adeline Lai has joined the private bank in a role that will see her reporting to Gavin Chia, market head of Southeast Asia, private banking, a note shared by the bank read. Lai was most recently a senior director at HSBC and has done […]

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Bank of Singapore has appointed UBS’s former APAC head of wealth planning and Singapore head of investment products and services as its new global head of products, Asian Private Banker can reveal. Lim Leong Guan will replace Marc Van de Walle, Bank of Singapore’s outgoing products head who has joined Standard Chartered as its global head of wealth management. Lim, […]

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Bank of Singapore’s long-serving global head of products, Marc Van de Walle, will join Standard Chartered as its global head of wealth management, Asian Private Banker can reveal. The move puts to rest weeks of speculation since it was first revealed that Van de Walle would leave the bank which he joined when OCBC bought ING’s Asia private banking business […]

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Bank of Singapore’s influential and long-standing global head of products, Marc Van de Walle, has resigned, Asian Private Banker can reveal. Van de Walle, a veteran of the OCBC group and a former ING private banker prior to OCBC’s acquisition of the Asia franchise, has been pivotal in developing Bank of Singapore’s product platform and investment services, including its vaunted managed solutions […]

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As Asia engages in its largest intergenerational wealth transfer in history, private banks across the region are beefing up their wealth planning and trust offerings in anticipation of rising demand. However, the concerns surrounding succession planning “cannot be resolved by just a product”, according to Marc Van de Walle, global head of products at Bank of Singapore. “Most of the […]

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This International Women’s Day, private bankers and wealth managers across the region speak to Asian Private Banker on the finer nuances of addressing the high net worth female demographic, including wealthy women’s deepest worries and most pressing concerns, the evolving roles and burdens they assume in wealth planning and transfer, and their investment interests and priorities. Top concerns: What are […]

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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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Bank of Singapore’s discretionary assets have grown 23% year on year as of August 31 2018, in the face of turbulent financial markets, bringing its DPM penetration rate to 8% — just shy of the regional asset-weighted average and among the highest rates recorded by a local institution, according to Asian Private Banker data. “Most of the growth has come […]

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Bank of Singapore today confirmed the appointment of an industry veteran as its new chief investment officer. Rajeev De Mello will join Bank of Singapore as its CIO, pending regulatory approval. His role will include overseeing the research and investment strategy teams and chairing the bank’s investment committee. He succeeds Johan Jooste, who is now the head of rates for […]

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Bank of Singapore and its parent company, Overseas Chinese Banking Corporation (OCBC), are currently working together to build a shared platform that will grant clients across its upper wealth tiers access to a centralised suite of products and solutions, Asian Private Banker has learnt. Clients from OCBC Premier Banking, OCBC Premier Private Client and Bank of Singapore will soon become […]

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The Association of Banks in Singapore (ABS) has today announced enhancements to its private banking code of conduct in a bid to ensure greater fee transparency. Private banks are now required to provide clients with a fee schedule that discloses “fees, charges and other quantifiable benefits including commissions, rebates and retrocessions” for all investment products and services at the point of account-opening. Private banks […]

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In a move aimed to enhance its structured products offering, Bank of Singapore has licensed the Morningstar Exponential Technologies Moat Focus Index, in the process becoming the investment research provider’s first client of its kind in Asia. The index builds on the the concept of an economic moat, or sustainable competitive advantage that allows companies to maintain – if not, […]

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The Bank of Singapore’s head of research and product marketing has resigned soon after the return of the bank’s head of fund solutions. John Ng was at the bank for almost eight years. He oversaw research in equities, bonds and funds, and was also responsible for the marketing and communications of Bank of Singapore’s investment products. Ng is believed to […]

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