A massive intergenerational wealth transfer in China is fundamentally altering the wealth-planning landscape, as globally educated, next-gen heirs increasingly bypass traditional family generalists in favour of institutional-grade, specialised advisors, according to Union Bancaire Privée (UBP). Previously, Chinese clients were guarded, often gathering fragmented information from different sources for wealth planning in the past, observed Nelson Hon, senior wealth planner for North […]

The post China’s next-gen heirs driving shift to specialised advisors, says UBP appeared first on Asian Private Banker.

Representing what might be the world’s largest wealth pipeline, with US$83 trillion expected to pass down from generation to generation over the next 25 years in Asia, Patricia Quek gives an exclusive breakdown of how UBS Global Wealth Management (UBS GWM) is engaging the Next Generation (NextGen) of clients. It starts with having difficult conversations about family wealth and legacy. […]

The post “High touch, high tech”: Patricia Quek details UBS’s NextGen playbook appeared first on Asian Private Banker.

BNP Paribas Wealth Management (BNP Paribas WM) targeted next-generation clients at its flagship event in Hong Kong as the great wealth transfer gathers pace in Asia. The French bank recently hosted its 18th “Asia NextGen Experience” event in the city, bringing together nearly 60 next-generation leaders from across the region. The two-day event combined dialogue with real-world learning, aiming to […]

The post BNP Paribas WM woos Asia’s next-gen with flagship event amid great wealth transfer appeared first on Asian Private Banker.

Swiss private bank Julius Baer has identified a breakthrough that could reshape the future of cancer care and open up compelling long-term investment opportunities for ultra high net worth (UHNW) clients. The technology known as liquid biopsy is emerging as a game-changer in diagnostics, offering earlier and more accurate detection of cancer compared to traditional methods. Speaking to Asian Private […]

The post Early cancer detection tech a UHNW opportunity? Julius Baer says yes appeared first on Asian Private Banker.

While business updates were a key focus at the APB Summit 2024 in Singapore, top leaders from Julius Baer, UOB Private Bank, and Barclays Private Bank also explored their strategies for the next generation of clients – a segment experiencing substantial intergenerational wealth transfer. Julius Baer reported an 11% increase in assets under management (AUM) to CHF 474 billion (US$549 […]

The post APB Summit 2024: How Julius Baer, UOB, and Barclays are (private) banking on the future appeared first on Asian Private Banker.

Weight-loss drugs are all the rage on social media, but they could also provide the next big opportunity for private bank portfolios, with this market set to hit a US$100 billion valuation by 2030. While this industry is still emerging, Julius Baer is expecting significant revenue growth over the coming years, driven by rising obesity rates globally and tight supply of […]

The post Weight loss drugs: a US$100bn opportunity for private bank clients? 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.

This is a sponsored article from Morgan Stanley. The pandemic has added a sense of urgency to the need for succession planning of Asian HNW families, with more families anxious to start earlier with their preparations for passing on wealth to the next generation. Morgan Stanley Private Wealth Management Asia shared with Asian Private Banker what makes a good succession […]

The post This is how family legacy can be succeeded by Next Generations: Morgan Stanley PWM Asia appeared first on Asian Private Banker.

Benjamin Cavalli, Managing Director, CEO, Singapore, Head of Private Banking South Asia and APAC Sustainability Leader at Credit Suisse sits down with us to discuss opportunities in Asia as well as topics relating to ESG and Next Gen.

The post APB Thought Leaders:<br/>Credit Suisse in Asia appeared first on Asian Private Banker.

In Asia, an estimated US$15 trillion of wealth will be passed down to the next generation by 2030. Finding ways to engage that next-gen — and building substantial client relationships with them — has long been a challenge for private banks in the region. Asian Private Banker spoke to those who are leading the charge on next-gen specific business strategy and […]

The post Beyond next-gen programmes: How PBs appeal to the up and coming HNWIs appeared first on Asian Private Banker.

A lack of appetite for capital markets has been a boon for art investments in Hong Kong, according to Macey and Sons, an art valuation and auction house which has seen a ‘record year’ in revenues in the city, on the back of increased demand from a younger generation. “The marketplace at the moment is extremely good for people buying […]

The post Asia’s younger generation driving art investments: Macey and Sons appeared first on Asian Private Banker.

HNWIs in Hong Kong and China are shifting their interests from accumulating wealth to accomplishing life goals, a recent HSBC Jade survey has found. Despite Greater China’s fast-growing economy, 60% and 70% of the HNW respondents (with investable assets ranging from US$1 million to US$5 million) in Hong Kong and China respectively agreed that personal growth should be prioritised over wealth […]

The post Regional HNW value shift may fuel changing investment behaviour: HSBC Jade 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.

While studies suggest that some 92% of young adults globally part ways with their parents’ bank, UBS Wealth Management says that in APAC, and anecdotally, it has banking relationships with nearly 95% of its clients’ next generation. Asian Private Banker sits down with the Swiss private bank’s APAC head of UHNW positioning, Jan Boes, to learn more about how the bank […]

The post Against the grain, UBS WM is holding onto its next gen clients in APAC appeared first on Asian Private Banker.

Credit Suisse, which positions itself as “the entrepreneur’s bank”, has partnered with the Young Founders School (YFS), a tech-centric programme aimed to train secondary school students in the art of entrepreneurship. Francesco de Ferrari, head of APAC private banking and CEO of SEA and frontier markets, commenting on the partnership, said that “the aim of YFS resonates and complements very […]

The post Credit Suisse to bring entrepreneurship to high school kids via YFS partnership appeared first on Asian Private Banker.

Almost all next generation high and ultra high net worth individuals in Asia want to do more in the impact investing space, with 98% of respondents to a Lombard Odier survey indicating that they intend to increase allocations to such strategies. Moreover, 3% of those polled said that they aim to make 100% of their portfolios impact-driven. Interestingly, the uptick […]

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For impact investing to “go mainstream” in Asia, private banks should position the strategy as a returns-driven strategy and focus less on those investors who harbour ‘pure’ philanthropic intent, according to delegates at Asian Private Banker’s latest RM Nexus. “It is very important to know where the starting point for clients to engage in impact investing is,” said one attendee, who […]

The post For impact investing to “go mainstream”, private banks should target returns-focused clients appeared first on Asian Private Banker.

As well-documented debacles of family-owned corporations increase in Asia, the need to focus on succession planning strategies is imperative, says HSBC Private Bank. “Wealth tends to erode after the third generation,” says Bernard Rennell, the bank’s regional head of global private banking for Asia-Pacific, in a podcast. Rennel is also the bank’s global head of family governance and family enterprise […]

The post Succession planning key as family struggles come to light, say HSBC Private Bank appeared first on Asian Private Banker.

In an effort to prepare the next generation for the taking of the throne in family businesses, independent wealth management firm, London & Capital, will roll out a new private-equity driven programme, “Nurturing Entrepreneurship”. “We tried to answer a question that most families have when considering the passing of power to the next generation, be it the second or third: […]

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