This is a sponsored advertorial from Numerix. In today’s fragmented and fast-moving global environment, capital is rarely static. Periods of geopolitical tension, macroeconomic uncertainty, and divergent monetary policy paths are prompting investors to reassess their allocations more frequently. Recent data highlights this trend: foreign inflows into Asian bonds climbed to a six-month high in November, according to Reuters, underscoring renewed […]

The post Why global capital is rebalancing toward APAC — and what it means for risk appeared first on Asian Private Banker.

This is a sponsored article from PIMCO. Discover how a disciplined 60/40 framework, backed by systematic equity strategies, can help multi-asset portfolios thrive in unpredictable markets. Against a backdrop of policy shifts, geopolitical tension, and uneven growth, investors face a familiar challenge: building resilient portfolios without missing opportunities. PIMCO’s asset allocation outlook emphasises balance — across asset classes, regions, and […]

The post Stay balanced: PIMCO’s global outlook for diversified multi-asset portfolios appeared first on Asian Private Banker.

India’s rapid economic growth over the last two decades has lifted millions out of poverty and contributed phenomenally to global human development. It is now the fifth largest economy in the world and will likely be the third largest in the next seven years, with its GDP more than doubling from the current US$3.3 trillion. According to our analysis, India […]

The post India: An ESG landscape in transformation appeared first on Asian Private Banker.

Over the past decade, regulators across the globe have been imposing numerous rules and establishing resolution mechanisms to prevent large scale bailouts for systemically important banks. In view of a nearing economic downturn, business intelligence and investigation firm Kroll shared that private banks are much more prepared than in the past due to significant risk mitigation efforts. “Facing a tougher environment, […]

The post PBs now much more prudent, well-equipped in face of economic downturn: Kroll appeared first on Asian Private Banker.

The number of industry participants who view rising rates and geopolitical risks as the major challenges for discretionary portfolio management (DPM) performance in 2019 has almost doubled, according to a recent survey by Asian Private Banker. Rising interest rates and geopolitical risks were selected by 21% and 18% of respondents, respectively, as the greatest challenge for 2019 DPM performance — […]

The post Risk concerns about rising rates and geopolitical tensions surge amongst Asia’s discretionary managers appeared first on Asian Private Banker.

A vast majority of financial services providers globally encountered fraud incidents in 2017, with data theft ranking the most common risk, according to newly released findings. 91% financial services respondents to a survey of major industries by risk consultancy Kroll said that they were victims of fraud last year, higher than any other industry and 7% higher than the global […]

The post Most financial services institutions suffered data theft in 2017 appeared first on Asian Private Banker.

Markets may have kicked off strongly in 2018, but BNP Paribas Wealth Management remains wary of the downside and warns that uncertainty has never been higher. Accordingly, the French private bank today shared the top four risks investors should keep an eye on in 2018. “If I were to describe 2017 [markets] in one word, it would be ‘Goldilocks’,” commented […]

The post BNP Wealth Management: Top 4 risks for global markets in 2018 appeared first on Asian Private Banker.

UBS Wealth Management has shared its list of the top three risks it sees in the year of 2018, as it detailed its view on potential market impact and key issues investors should monitor while it named its top investment ideas for risk mitigation. “While there are many known unknowns and unknown unknowns that could affect investors next year, we see […]

The post UBS Wealth Management: Navigating 2018’s top risks appeared first on Asian Private Banker.

A recent survey has revealed that the financial industry is becoming more aware about cybersecurity and the associated risks, with 78% of respondents citing cyber risk as one of their top five systematic concerns for the coming year – a 7% increase compared with six months ago. Overall, 36% of all respondents to the semi-annual DTCC Systemic Risk Barometer Survey listed cyber […]

The post Cyber risk top concern for financial services industry appeared first on Asian Private Banker.

Although UBS Wealth Management advises investors to stay calm and invested in the new year, it has revealed three “principal” investment risks that may bring back market volatility in 2018 and has cautioned market participants to remain alert. Much higher interest rates UBS Wealth Management believes that unexpected inflation and a significant change in economic data interpretation have the possibility […]

The post UBS WM reveals three “principal” investment risks for 2018 appeared first on Asian Private Banker.

China’s embryonic private banking industry lacks a diversity of products and services, Huang Runzhong, secretary-general of the China Banking Association, said at an annual meeting of the association’s private banking committee last Friday. Huang said the lack of differentiation is “significant”. According to Chinese media, a report distributed at the meeting said that to compete, private banks in the country rely […]

The post Chinese private banks lack differentiation, says China Banking Association appeared first on Asian Private Banker.

Greater regulatory scrutiny of private banks’ risk management processes in Hong Kong is fuelling demand for qualified professionals and driving up salaries in this space, according to Norris Wong, a consultant at recruitment firm Hays. “Investment and product suitability remain key topics in the industry, hence driving demand for candidates in the business/non-market risk management field,” Wong said, adding that […]

The post Heightened focus on risk management driving up salaries at HK’s private banks appeared first on Asian Private Banker.

Most professional fund buyers believe that the increasingly volatile and low-yield market environment favours active investment management over passive alternatives, according to a global survey by Natixis Global Asset Management. “While keeping a close eye on political and macroeconomic shifts in Europe and Asia, professional fund buyers see volatility as an opportunity. That is why they are looking to active […]

The post Current market environment favours active investment management: Natixis survey appeared first on Asian Private Banker.

The chief executive of the Hong Kong Monetary Authority (HKMA) is visibly unhappy with the manner in which some financial practitioners are risk profiling clients, labelling due diligence practices in Hong Kong “disproportionate”. “Recently, some AIs [authorised institutions] may have applied stringent customer due diligence measures that are disproportionate to the likely risk level of the customers, resulting in many unsuccessful […]

The post HKMA: “overly stringent” risk profiling not necessarily helpful appeared first on Asian Private Banker.

Private banking COOs have revealed that there is a clear disconnect between technology budget allocations and anti-money laundering (AML) and risk management spend at private banks in the region, according to a poll taken at Asian Private Banker’s COO Leaders Conversation in Hong Kong yesterday. Indeed, the 1MDB and Panama Papers debacles may have shed light on private banks’ AML processes but, surprisingly, […]

The post Less than 10% of PB tech budgets dedicated to AML, risk management, despite rising risks appeared first on Asian Private Banker.

In a bid to bulk up its risk management team in the face of rising regulations, Credit Suisse Private Banking has hired a director from HSBC for its Singapore desk. Neeraj Haralalka joins the private banking arm of Credit Suisse as a director and head of first line of defense support, Asia Pacific, joining its risk management team. According to […]

The post Credit Suisse Private Banking nabs ex-HSBC banker appeared first on Asian Private Banker.

As technology vendors and private banks look at ways to harness big and small data effectively to create sound investment advice, Numerix has rolled out a data analytics component for its risk management platform. Numerix Oneview is a unified analytic application platform that enables the deployment of pricing and risk analytics, including features like pre-trade decision support, pricing adjustments, and […]

The post Numerix rolls out data risk application appeared first on Asian Private Banker.

The number of regulatory changes on the horizon easily, or perhaps uneasily, appears overwhelming for many compliance teams sitting in the middle and back offices of private banks. The ability to aggregate information using analytic tools from three key data points – cash positions, risk profile and portfolio management – is another way of recycling data to combat rising compliance […]

The post Recycling data to combat rising compliance costs appeared first on Asian Private Banker.

Nippon Wealth is turning to technology to ramp up its regulatory and risk framework in Hong Kong, not long after the Japanese bank opened its doors in the city. The private bank said recently that it is using anti-money laundering (AML) and risk management solutions provider Wolters Kluwer Financial Services’ OneSumX suite in Hong Kong. OneSumX’s platform, Nippon Wealth said […]

The post Tech boosts Nippon Wealth’s regulatory and risk framework appeared first on Asian Private Banker.

The New York-based compliance team at one of the large American private banks classified all of its Indonesian, Indian and Pakistani clients as high risk according to a source at the bank who did not want to be named. The move is reflective of the apprehension amongst private banks in Asia about complying to the many distinct regulatory regimes that […]

The post Heard on the Street: Private banks classify South Asian clients as high risk appeared first on Asian Private Banker.

Even as global markets fight to find a semblance of stability, private banking clients have started scouring for more interesting investment options than they have had all summer. A “cautious return to risk” is how one banker describes the current mood amongst clients, stressing that along with returns, clients are most concerned about the exit options associated with an investment. […]

The post Private banking clients nibble at investments, keep their eyes on exit appeared first on Asian Private Banker.