Philip Kunz, a seasoned veteran in private banking, has joined Nomura International Wealth Management (Nomura IWM) as a senior advisor and group head for Southeast Asia, according to an internal memo obtained by Asian Private Banker. Kunz will report to Anurag Mahesh, head of coverage for Southeast Asia, Global South Asia, and the Middle East. He brings to Nomura decades […]

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UBS Global Wealth Management (GWM)’s former co-head of Global Family Office and Institutional Wealth (GFIW) will join HSBC Global Private Banking (HSBC GPB) later this year, Asian Private Banker can confirm. Singapore-based Tommy Leung will replace Philip Kunz as head of GPB for South Asia, people close to the matter said. Asian Private Banker first reported Leung’s departure from UBS last […]

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HSBC has appointed an insurance expert as its head of Wealth and Personal Banking (WPB), South Asia. Based in Singapore, Zhang Kai joins HSBC from joint-venture Manulife-Sinochem Life Insurance, where she served as CEO and general manager since 2016. The appointment is effective 26 June. The appointment follows the recent departure of Philip Kunz, the former head of South Asia […]

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HSBC Global Private Banking’s head of South Asia has resigned, Asian Private Banker can reveal. Philip Kunz, who returned to HSBC in 2017, will depart from the bank in June, people familiar with the matter told Asian Private Banker. Kunz was with UBS Global Wealth Management (GWM) between 2010 to 2017, where he held senior roles including Southeast Asia COO […]

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What impact have the unprecedented global social, political and fiscal challenges had on your bank this year? What are your key growth markets in terms of net new money? What will your focus be in 2023? The heads of five private banks addressed these and other questions at the Asian Private Banker Summit 2022 in Singapore on 1 December. Kiatnakin Phatra Securities Narit […]

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Since becoming part of the Wealth and Personal Banking business, HSBC Global Private Banking (HSBC GPB) is starting to see green shoots in tapping the universal banking model for sustainable growth, according to Philip Kunz. The wealth manager is still generating net new money, not just from South Asia, but from North Asia and international as well, the head of […]

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HSBC Global Private Banking has hired a new managing director, head of origination and credit advisory for Southeast Asia, Asian Private Banker has learnt. Based in Singapore, Melissa Bacani will report to Jyrki Rauhio, regional head of credit advisory, Asia Pacific, and on an entity basis she will report to Philip Kunz, head of Global Private Banking, South Asia. Bacani […]

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HSBC Private Banking has spun two market head roles for Singapore and Malaysia into senior desk heads in the respective markets, in line with its appointment this June of a new market head for ASEAN and Australia. According to an internal memo seen by Asian Private Banker, the previous market head roles for Singapore and Malaysia, occupied by Ken Ng […]

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HSBC Private Banking has appointed a market head to oversee the growth of its offshore business in the ASEAN and Australian markets, Asian Private Banker can reveal. Chris Harwood will manage the desk heads and client relationships in the ASEAN and Australia markets, according to an internal memo seen by Asian Private Banker. Harwood is an HSBC veteran, having headed […]

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HSBC Private Banking on Monday said it will launch its onshore private banking business in Thailand, as it seeks to tap into the rising wealth in emerging markets and expand its presence in Southeast Asia. The new private bank will be HSBC’s second onshore business in Southeast Asia, after Singapore, and provide clients access to international capital markets, according to […]

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HSBC Private Banking has launched a dedicated independent asset management (IAM) desk in Singapore, becoming the latest major bank to ramp up its services to intermediaries and their growing roster of UHNW clients in Asia. In a media release, HSBC Private Banking said the creation of the desk was “central” to its ambition to become the number one wealth manager […]

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HSBC Private Banking’s Singapore and Malaysia market head, Chow Shang Wei, has resigned, Asian Private Banker can reveal. Chow had overseen the private bank’s domestic Singapore business since late-2016 when he joined HSBC from UBS. The Malaysia market was added to his responsibilities following a rejig of key ASEAN roles in 2019. A spokesperson for the bank confirmed Chow’s resignation. […]

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HSBC Private Banking has hired a former J.P. Morgan executive director as desk head for Thailand, Asian Private Banker can reveal. Veronica Toh has joined the British lender as desk head for Thailand, based in Singapore. Toh hails from J.P. Morgan Private Bank, which she joined in 2013 as an executive director focusing on Southeast Asian markets. She is no stranger to HSBC, […]

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HSBC Private Banking has rejigged the responsibilities of some of its top ASEAN bankers as it pursues a growth plan in the subregion that includes ambitious hiring and asset gathering targets, Asian Private Banker can reveal. Chow Shang Wei, the private bank’s market head for Singapore, will add Malaysia to his remit, taking over from Chris Harwood, who has held the position since […]

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HSBC Private Banking has hired a former Credit Suisse veteran to spearhead its UHNW solutions proposition in Southeast Asia, in a move to service its UHNW segment from an institutional perspective. With over two decades of financial markets experience, Chan Eng Chien has joined the British bank as head of UHNW solutions, Southeast Asia. He was most recently Credit Suisse’s […]

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HSBC Private Banking has appointed a new desk head for its Singapore team as part of its ongoing campaign to reinforce its frontline capabilities in the city-state, Asian Private Banker has learnt. Possessing over two decades of private banking experience, Gary Goh has joined from Standard Chartered, where he was most recently a market head. Goh now reports directly to […]

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ASEAN markets will figure prominently in HSBC Private Banking’s push to gain market share across Asia and recover lost ground after years of restructuring at the global level, according to Philip Kunz, HSBC’s head of global private banking for South East Asia. Kunz, who rejoined HSBC in 2017 after a seven-year stint at rival UBS, told Asian Private Banker that […]

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HSBC is seeking to realise growth opportunities in Singapore with a target to hire 400 client-facing staff and double total wealth in the retail and private bank over the next five years. According to the bank, it will focus on HNWIs in Singapore and abroad due to rising domestic wealth and international flows into the city-state. In particular, the bank […]

The post HSBC sets five-year target for Singapore, plans to multiply RM headcount and AUM appeared first on Asian Private Banker.

J. Safra Sarasin’s former Singapore CEO has joined HSBC Private Banking as its new market head for Indonesia, HSBC said today in a press statement. Benedikt Maissen has been appointed HSBC Private Banking’s market head for Indonesia, based in Singapore. Reporting directly to Philip Kunz, head of Southeast Asia, Maissen will be responsible for developing the business and increasing client […]

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HSBC Private Bank is expanding its NRI service coverage in Singapore with the hire of a new international and non-resident India (NRI) market head in the city. Sundar Ramani has returned to the bank in a newly created role as bank’s market head of international and NRI, said the bank in a release on Monday. In his new capacity, Ramani, […]

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HSBC Private Banking has hired from UBS Wealth Management to fill the recently vacated position of head of global private banking for Southeast Asia, the British bank said today. Philip Kunz is returning to HSBC after a seven year stint at UBS. He will take on the role of head of global private banking for Southeast Asia – a position […]

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UBS Wealth Management’s operating head for Southeast Asia has resigned, Asian Private Banker has learnt. Philip Kunz has left the bank, sources say. Kunz took on the newly created role of operating head for Southeast Asia in June this year. In this position, he was responsible for supporting the day-to-day operations of the business in the region. Prior to this role, […]

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