HSBC has tasked an investment product veteran to lead its wealth solutions for Singapore. Ishan Sarkar will assume the role of head of wealth and premier solutions (WPS), Singapore, on 1 July 2025, according to a company statement on Friday. Sarkar will drive a differentiated wealth strategy for Singapore, including the development and management of the full suite of wealth […]

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HSBC’s investment and wealth solutions (IWS) unit, which builds solutions for mass affluent to UHNW clients, has seen its invested assets grow by over 20% YOY. IWS currently covers investment products solutions for both retail banking and global private banking and serves clients across the whole continuum, from the mass market, affluent (HSBC Premier), HNW, UHNW and family office. In […]

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From Europe to the UK, and now conquering Asia’s shores, HSBC Global Private Banking’s (HSBC GPB) Prism Advisory platform is transforming the way affluent clients manage their wealth, according to Stefan Lecher, who is seeing new account openings every week. Launched in Asia last November, the hybrid advisory service was first introduced to clients in European locations in 2019 and […]

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Leading private banks shared their views on why discretionary portfolio management (DPM) still holds its value, despite challenging market conditions throughout 2022 and 2023, at Asian Private Banker‘s DPM Leaders Conversation 2023 in Hong Kong. Juicy deposits won’t last forever Over the past year, one of the significant challenges for product managers was the shift in client attention to cash […]

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HSBC Global Private Banking (HSBC GPB) has broadened its structured products suite with the launch of a new solution powered by artificial intelligence, as the bank continues to incorporate bleeding-edge technological trends into its offering. The new product, announced on Wednesday, allows wealthy clients in Hong Kong and Singapore to invest in a structured product linked to the Artificial Intelligence […]

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HSBC has appointed a global & Asia-Pacific head of alternatives, according to a Monday news release. Effective 1 September, Mathieu Forcioli will be responsible for building on the bank’s partnership with HSBC Alternative Investments Limited, and bringing proprietary and third party solutions to HNW clients, thus creating opportunities for clients to participate in private markets and hedge funds. The role […]

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HSBC has appointed two senior executives within Investment & Wealth Solutions (IWS) under Wealth & Personal Banking (WPB). Effective immediately, Tan Wei Mei and Michael Wong have joined the British lender and will report to Stefan Lecher, regional head of IWS, APAC. Tan has been named global and Asia head of advisory, IWS, based in Singapore. She will be responsible […]

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UBS has appointed two co-heads for CIO Global Investment Management APAC, following the resignation last week of its former head of investments & solutions APAC . Monica Chatterjee and Adrian Zuercher will jointly lead the CIO Global Investment Management APAC organisation with immediate effect, according to an internal memo seen by Asian Private Banker. As the current head of APAC […]

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HSBC has hired a new head of investments and wealth solutions for APAC. Effective 3 October 2021, Stefan Lecher will lead the investments and wealth solutions team in Asia for the British lender, delivering wealth product solutions for clients in the global private banking business and across the full spectrum of the bank’s Wealth and Personal Banking (WPB). Based in […]

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UBS Global Wealth Management (GWM) is rolling out to clients a customisable discretionary portfolio management solution built in-house, that the Swiss bank expects will drive client engagement by involving them in portfolio construction from the get go. In an exclusive interview with Asian Private Banker, Stefan Lecher, head global mandate & investment content, APAC at UBS GWM, said the software-driven […]

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UBS Global Wealth Management’s APAC head of client investment specialists, Mischa Eckart, will relocate to Switzerland to take on a global role with the bank, Asian Private Banker can reveal. According to an internal memo seen by APB, Eckart will head up UBS’s global UHNW client investment specialists (CIS) team out of Zurich, effective early August. He will report to […]

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Client assets in UBS Global Wealth Management APAC’s discretionary and advisory mandates have grown 20% per annum over the past few years, in large part due to the Swiss bank’s proprietary Systematic Allocation Portfolio (SAP) and Sustainable Investments (SI) mandates. While the bank did not specify how much of this growth is attributable to performance, the increase is in line […]

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UBS Wealth Management has made a string of organisational changes to its investment platform and solutions (IPS) and senior management teams in Hong Kong, according to three memos seen by Asian Private Banker. According to the first memo penned by Christian Wiesendanger, head of WM, IPS and Edmund Koh, head of wealth management for APAC, Jean-Claude Humair has been appointed […]

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UBS’ head of portfolio specialists for the Asia Pacific region has been promoted to a global role and will relocate to Switzerland, Asian Private Banker can reveal. According to an internal note, the Swiss major has appointed Sean Cochran as its new global UHNW head of client investment specialists (CIS), UBS’ new name for portfolio specialists. Cochran is expected to continue […]

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UBS Wealth Management’s head of investment management for APAC is poised to relocate to Switzerland, where he will take on a new role with the bank, Asian Private Banker can reveal. Patrick Grossholz, a well-known figure in Asia’s private banking industry, will become UBS’ global head of IPS (investment and product services) portfolio specialists within global distribution management, based out […]

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