From the rise of the Magnificent Seven and AI, to resurgent Chinese and Japanese markets, 2024 represented a return to form in terms of private banking client activity compared to the doldrums of 2022 and 2023. Nevertheless, the industry in Asia was stunned by several notable departures and appointments at top private banks. Below, Asian Private Banker highlights the most […]

The post HSBC, Bank of Singapore, VP Bank: The exec moves that shocked the industry in 2024 appeared first on Asian Private Banker.

Liechtenstein-headquartered VP Bank is closing down its Hong Kong office after 18 years amid the departures of its Asia CEO and COO. Flat AUM growth and falling NNA are also jeopardising its Strategy 2026. The departure of Asia CEO Pamela Phua caught many by surprise as Phua has built a respectable and decent track record in serving intermediaries and family […]

The post Does VP Bank need a new Asia strategy? appeared first on Asian Private Banker.

VP Bank’s Asia CEO and COO have both resigned, Asian Private Banker understands. According to people familiar with the matter, Asia CEO Pamela Phua and Asia COO Heline Lam have decided to depart the bank. Phua joined the bank three years ago from Pictet where she headed Asia Family Office. Before that, she spent over 13 years at Julius Baer […]

The post VP Bank Asia CEO and COO resign appeared first on Asian Private Banker.

Boutique private bank VP Bank’s Singapore branch head is set to step down, Asian Private Banker can reveal. Johnny Heng, the current head of the Singapore branch for VP Bank, will soon step down, multiple sources confirmed. Heng joined the Liechtenstein-headquartered pure play two years ago to run the Singapore business, reporting to Pamela Phua, Asia CEO. Before that, he […]

The post VP Bank reshuffles Singapore leadership team as Singapore head to step down appeared first on Asian Private Banker.

Asian Private Banker is proud to present its inaugural Women in Wealth Management report. In this report, we sought to identify, analyse and celebrate companies that are paving the way when it comes to supporting the valuable and unique role that women play in the regional industry. For the first time, industry practitioners have access to granular details on the […]

The post Women in Wealth Management: Three key takeaways appeared first on Asian Private Banker.

Pamela Phua believes that VP Bank’s focus on intermediaries positions it as a specialised private bank with a unique model that distinguishes it from others in the industry. The bank has also taken its services to the next level with the implementation of tokenisation for passion assets. Since joining two years ago, the Asia CEO has established VP Bank’s Asia […]

The post “No other banks have a similar model”: VP Bank’s Pamela Phua appeared first on Asian Private Banker.

The boom and bust in digital assets inspired many private banks to adopt a cautious stance towards cryptocurrencies and digital assets. However, VP Bank is taking bold steps towards  offering clients digital asset tokenisation. Since 4Q21, the Lichtenstein-based pure play has been able to digitally register ownership claims over real assets on the blockchain and store them as tokens. “The […]

The post “From manuscripts to precious stones”: Why this private bank is betting on digital tokenisation appeared first on Asian Private Banker.

VP Bank has named a new Asia CEO on the heels of the exit of the bank’s Singapore branch CEO Bruno Morel. Pamela Hsu Phua, who has headed Pictet Wealth Management’s Asia family office unit since 2019, has been named as CEO of VP Bank in Asia, effective 1 July and subject to regulatory approvals, according to a press release by […]

The post VP Bank names new Asia CEO appeared first on Asian Private Banker.

Asian Private Banker once again congratulates the winners of our Awards for Distinction 2015 for their commitment to excellence and persistent efforts to grow bigger and better despite turbulent market conditions. The 5th Annual Gala Dinner was attended by some 170 of the most seasoned and influential members of Asia’s private banking industry. These included Private Banker of the Year Francesco de […]

The post In the limelight: More from the APB Awards for Distinction Gala appeared first on Asian Private Banker.

Expected to grow almost as fast as the private banking industry itself, External Asset Managers (EAMs) – with their promise of independent advice to clients and steady revenues to banks – have been touted as the panacea for much of what ails the wealth management industry in Asia today. Despite this, much about the EAM community remains shrouded in the […]

The post Bigger and better? Julius Baer recommits to Asia’s EAMs appeared first on Asian Private Banker.

As private banks in Asia struggle with wafer-thin margins, increased regulations, hostile markets and increasing investor apathy, a handful of banks are re-discovering a model that could help boost AUMs, keep fixed costs steady and provide greater visibility for revenue projections. Although it is unlikely to be a panacea for all that ails the industry today, an increasing number of […]

The post External Asset Managers – How private banks in Asia could control costs and increase revenues appeared first on Asian Private Banker.