Eastspring Investments has named a wealth management veteran to lead its Singapore office as part of its latest efforts to capture opportunities in Southeast Asia. Singapore-based Salman Haider, currently the firm’s chief distribution officer, will have his remit expanded to include serving as head of ASEAN and chief executive officer of Eastspring Singapore, subject to regulatory approval, according to a […]

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With the year of the snake approaching, competition between private banks in Asia is hotting up when it comes to who can distribute the most dazzling red packets to clients. These envelopes – known as laisee or hongbao – are traditionally given to family members and friends. However, they can also be highly sought-after collectors’ items and fetch a premium […]

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Eastspring Investments, the asset management arm of insurance giant Prudential, has appointed a chief economist. As Prudential’s first chief economist, Ray Farris will provide macroeconomic views and research in alignment with an evolving global economic and geopolitical landscape, according to a company announcement on Monday. Based in Singapore, he will report to Eastspring Investments’ CIO, Vis Nayar, who joined the […]

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Major insurers, including Prudential, AXA, AIA and FWD, have all delivered strong new business growth and operating profits supported by wealthy mainland Chinese clientele. Prudential recorded new business profits of US$1,468 million in 1H24, up 8% year-on-year (YoY). Adjusted operating profit for 1H24 increased by 9% YoY to US$1,544 million. “We entered this year with a clear strategy and a […]

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Global insurance giant Prudential has named a former Citi senior executive as its new chief executive officer for Greater China. Based in Hong Kong, Angel Ng will assume the role of regional CEO, Greater China, Customer and Wealth at Prudential, according to a company statement on Monday. Ng will report to Prudential’s CEO Anil Wadhwani and join the Group Executive […]

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In June, while several private banks in Asia continued to hire new talent, Bank of Singapore stood out for pursuing an aggressive hiring strategy following the announcement of an ambitious hiring plan earlier this year. Conversely, the asset management hiring market remained relatively calm. Bank of Singapore’s hiring spree In 2023, Bank of Singapore’s relationship manager (RM) headcount in Asia […]

The post Movers & Shakers – June 2024: Bank of Singapore steps up hiring spree appeared first on Asian Private Banker.

Citi Private Bank’s global market manager (GMM) for ASEAN will leave the bank and is set to join one of the world’s largest insurance companies in Singapore. San San Chan will join Prudential as Singapore CEO in September, succeeding Dennis Tan, the current CEO and group managing director of the Strategic Business Group (SBG) covering Singapore, Thailand and Vietnam. Her […]

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Prudential Wealth Management has named a new CEO, according to LinkedIn. Effective this month, Ben Rudd will oversee the wealth management business of the insurance giant. Rudd rejoins Prudential from Pulse Wealth Limited, where he spent six months as director. Before that, he worked at Prudential for five years, including four years as CIO and one year as chief wealth […]

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