Veteran private banker Tee Fong Seng has resurfaced at Bank of Singapore as a board member, the bank announced on its website. Effective 1 January, Tee will become a board director at the Singapore-based private bank. Tee is a wealth management veteran with over four decades of experience. He held various senior leadership roles at top-tier private banks, including UBS, […]

The post Ex Pictet Asia CEO joins Bank of Singapore’s board appeared first on Asian Private Banker.

For someone who bears the name Pictet, it may come as a surprise that Francois Pictet has spent much of his career outside of the Swiss pure-play private bank. But the executive, a ninth generation member of the Pictet family, considers his stints as an analyst at Credit Suisse and working in private equity, as a valuable right of passage […]

The post Francois Pictet: “We’re not in the business of chasing AUM” appeared first on Asian Private Banker.

Veteran private banker Tee Fong Seng will step down as CEO of Pictet Wealth Management Asia, with Victor Aerni to take on the role from 1 July 2023, the Swiss pure-play said on Wednesday. Tee, who has led Pictet Wealth Management’s business in Asia since July 2019, will remain as vice chairman of the board of directors of Bank Pictet […]

The post Pictet WM names new Asia CEO as Tee Fong Seng steps down appeared first on Asian Private Banker.

Pictet Wealth Management has appointed a head of DPM fixed income for Asia, according to an internal memo seen by Asian Private Banker. Tina Yu joins the Swiss pure play from rival Julius Baer, where she was head of Asian fixed income, managing a team of portfolio managers in the region. Based in Singapore, Yu was previously senior vice president […]

The post Swiss pure play picks Asia fixed income DPM head from rival appeared first on Asian Private Banker.

Buoyed by robust mandate penetration rates, Asia-Pacific pure-play private banks enjoyed strong AUM growth in 2021, according to Asian Private Banker data. The data reveal that six pure-plays in the region grew their AUM, with their combined books expanding by 10.2% to US$387.37 billion. That stood in stark contrast to other parts of the industry, where AUMs were hit by […]

The post Four pure-play CEOs share the secrets to their AUM growth in Asia-Pacific appeared first on Asian Private Banker.

When describing the Pictet Group, three words – independent, organic, and partnership – come to mind. The Swiss pure play, whose history in Asia dates back to 1981, is owned and managed by eight managing partners. New partners are appointed every five to ten years, with the youngest ones in their early 40s, and the most experienced ones generally aged […]

The post AUM growth is only a “second priority”: Marc Pictet appeared first on Asian Private Banker.

Pictet Wealth Management Asia has created the role of head of philanthropy services in the region to meet the increased demand for professional advisory in that regard, Asian Private Banker has learnt. Anthony Gao has been appointed to lead the philanthropic advisory services in Asia. He reports locally to Alex Ng, North Asia head and CEO Hong Kong Branch at […]

The post Pictet WM adds Asia philanthropy services head to meet rising needs in the region appeared first on Asian Private Banker.

Pictet Wealth Management (PWM) has appointed its global strategist and head of CIO office as Asia CIO, Asian Private Banker can reveal. Based in Hong Kong, Alexandre Tavazzi has been named Asia CIO, effective 8 November 2021. This appointment is an additional role that concurs with his current responsibilities as global strategist and head of the CIO Office. In his […]

The post Pictet WM appoints Asia CIO appeared first on Asian Private Banker.

Pictet Group has brought in a head of human resources Asia (ex-Japan) from the firm’s founding family, Asian Private Banker has learned. According to an internal announcement seen by Asian Private Banker, Grégoire Pictet will assume the newly-created role from 15 November 2021, pending regulatory approval. Based in Hong Kong, he will join the Group Asia Executive Committee and manage […]

The post Pictet appoints family member as HR chief for Asia business appeared first on Asian Private Banker.

Pictet has named two new managing partners, including its first female managing partner in the Swiss private bank’s storied 216-year history. Elif Aktuğ, lead fund manager of Pictet Asset Management’s equity market-neutral strategy Agora, has been appointed to the bank’s innermost leadership circle as was François Pictet, a member of Pictet Investment Office, the ultra-focused investment arm of Pictet Wealth […]

The post Pictet names two new managing partners, bringing total to nine appeared first on Asian Private Banker.

Pictet has added a former Morgan Stanley executive director and UHNW specialist to its private wealth management ranks in Asia. According to an internal memo seen by Asian Private Banker, Brandon Ho has joined the Swiss pure play as a senior private banker for the Southeast Asia market, based in Singapore. A spokesperson for the bank declined to comment on […]

The post Pictet PWM hires ex-Morgan Stanley ED in Singapore appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Both Singapore and Hong Kong are placing a strong emphasis on cultivating a competitive and supportive environment for family […]

The post Final Word 2020: Development of family office-supportive ecosystem appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: How is your bank optimising the utility of the relevant digital tools to prepare frontline staff for client engagement […]

The post Final Word 2020: Client engagement in post-pandemic environment appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: Where do you see the best application of data analytics/machine learning in private banking? Lok Yim, Deutsche Bank We […]

The post Final Word 2020: Data analytics and machine learning appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What important steps did your bank take to drive the sustainable investing agenda and to increase access to sustainable […]

The post Final Word 2020: Sustainable investing opportunities appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: What key investment themes shape your bank’s 2021 outlook — and why? Tan Siew Meng, HSBC Private Banking Asia […]

The post Final Word 2020: Top investment themes appeared first on Asian Private Banker.

The Pictet Group’s private banking unit in Singapore Tuesday has named a new CEO to replace Dominique Jooris. The Swiss group is making other senior-level appointments in the region as well. Effective 1 January 2021, Sharon Chou has become the CEO of Bank Pictet & Cie (Asia) Ltd. after Jooris “expressed the wish to explore other professional opportunities”, Pictet said […]

The post Pictet names new CEO of private banking entity in Singapore appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asked: In what ways has the COVID-19 pandemic irrevocably changed the private banking industry and your own bank’s approach to […]

The post Final Word 2020: How COVID-19 changed the private banking industry appeared first on Asian Private Banker.

Alex Ng’s reputation as a China private banker and business builder par excellence precedes him. So when Pictet brought Ng into its tight-knit fold in Asia in 2019, the wealth manager sent an unequivocal message to the industry that it would compete for market share in Greater China and the wider region on the front foot. Asian Private Banker sat down with […]

The post Pictet Wealth Management’s Alex Ng: “I love a challenge, I love to build” appeared first on Asian Private Banker.

Pictet Wealth Management has appointed a former UBS heavyweight and veteran China banker as market group head, primarily for Greater China, based out of Singapore, Asian Private Banker can reveal. Ruth Chung, who was most recently with Sino Suisse — the independent wealth management firm she helped set up in 2017 after leaving UBS — has joined the Swiss pure play. As […]

The post Pictet WM strengthens Greater China bench with heavyweight hire appeared first on Asian Private Banker.

The ‘Final Word’ series is a year in review by the region’s private banking leaders as they share their thoughts and opinions on key issues around industry trends, business performance, investments, regulations, and technology. For this instalment, Asian Private Banker asks: How has your private bank responded to regulators’ increased emphasis on building proper banking culture? Albert Chiu, executive chairman, […]

The post Final Word 2019: PBs respond to regulators’ increased emphasis on bank culture appeared first on Asian Private Banker.

Pictet Wealth Management (WM) has reorganised its Asia management team and hired a group of Greater China bankers, according to a news release today. Claude Haberer, equity partner of the Pictet Group and Asia CEO of Pictet WM, will take on the role of Asia wealth management chairman this October. In this position, he will support Boris Collardi, the group’s […]

The post Pictet rearranges Asia management, hires team of Greater China bankers appeared first on Asian Private Banker.

EFG has named Credit Suisse’s former APAC vice chairman as a candidate for its board of directors, according to a media release from the bank on Friday. Tee Fong Seng’s candidacy at EFG marks the second senior Asian private banker to stand for a board position in recent months. Earlier, VP Bank named Thomas Meier, a former Asia head at Julius […]

The post EFG names CS veteran banker as next board director appeared first on Asian Private Banker.

EFG has hired a widely-known industry veteran to chair its new Asia advisory board, the bank announced today. Tee Fong Seng, previously vice chairman at Credit Suisse private banking in Asia Pacific, has been appointed to chair the pure play’s board in the region, which will be established by the end of 2017. Tee’s appointment comes at a time when […]

The post EFG names ex-CS veteran as Asia advisory board chair appeared first on Asian Private Banker.

Credit Suisse announces the successor to head of Greater China, Tee Fong Seng, but he will retain his role as chief executive of the private bank’s Hong Kong branch and vice chairman for private banking Asia Pacific. The Swiss major appoints Francois Monnet as the new head of Greater China. He is currently chief operating officer of private banking Asia Pacific. The move […]

The post Credit Suisse names replacement for Tee Fong Seng appeared first on Asian Private Banker.

The Ultra High Net Worth (UHNW) team at Credit Suisse continues to see changes even as a veteran banker returns to the Swiss bank’s fold to assume a key leadership role. SJ Hwang, who was, until recently, CEO and global head of equities at Samsung Securities, has rejoined Credit Suisse as a managing director and UHNW segment head for Private […]

The post Veteran Credit Suisse banker returns to head UHNW segment appeared first on Asian Private Banker.