UBS Global Wealth Management (GWM) has appointed a new head of advisory and sales in Australia to strengthen its footprint. Effective 1 July, Wayne Gordon has been named GWM Australia head of advisory and sales, UBS said in a statement on Friday. In his new role, Gordon will integrate the bank’s Australian business into its broader regional and global platform […]

The post UBS GWM strengthens Australia advisory and sales leadership appeared first on Asian Private Banker.

UBS reported a strong first quarter for its global wealth management (GWM) division, with Asia Pacific profit before tax rising 40% year-on-year despite a slight dip in assets under management (AUM). “In the first quarter we continued helping clients navigate a volatile and unpredictable geopolitical and market environment, leveraging the strength and breadth of our global, diversified franchise,” commented Sergio […]

The post UBS GWM 1Q26: Asia profit up 40% despite slight dip in AUM appeared first on Asian Private Banker.

Asia’s private banking AUM has crossed the US$4 trillion mark, according to Asian Private Banker‘s 2025 League Tables. With J.P. Morgan Private Bank entering the top three for the first time and Nomura International Wealth Management (IWM) making its debut in the tables, the 2025 rankings saw widespread movements. J.P. Morgan Private Bank led this growth with a 41% increase […]

The post Asia 2025 AUM League Tables: Assets cross US$4tn, JPM enters top three, Nomura debuts appeared first on Asian Private Banker.

After more than 26,000 votes, Asian Private Banker‘s readers have made up their minds on the private banks and asset managers with the best red packets in the Year of the Horse. Here, APB presents the winners of this year’s private banking and asset management poll, along with the messages and meanings represented in the winning designs. Julius Baer once […]

The post Revealed: These are the best red packets in the Year of the Horse appeared first on Asian Private Banker.

UBS has hired a new head for global wealth management (GWM) Australia, Asian Private Banker can reveal. Effective 27 April 2026, Andrew Bird will join the bank as head of GWM Australia, according to an internal memo seen by APB. Based in Sydney, Bird will report to Jin Yee Young, co-head of GWM APAC. He will also report locally to […]

The post UBS names new global wealth management head for Australia appeared first on Asian Private Banker.

With performance dispersion widening in an increasingly uncertain world, very few alternative managers are now managing to meet the strict selection criteria of Asia’s private banks, according to private banking alts leaders at the Asian Private Banker’s Alternative Investments Summit 2026 in Hong Kong. The panel discussion, Macro outlook of alternative investments: Innovations, potentials, new insights, dissected how private banks […]

The post AIS 2026 HK: Private banks raise the bar for alts managers appeared first on Asian Private Banker.

Galloping into the Year of the Fire Horse, the race continues among private banks and asset managers to see who can distribute the most spectacular red packets to clients. More than just traditional gifts for family and friends, these laisee, or hongbao, have morphed into cult collectables, often trading on secondary markets for prices that rival the currency inside. Horses […]

The post Vote now: Who has the best red packets in Year of the Horse? appeared first on Asian Private Banker.

UBS has reported strong momentum in its Global Wealth Management (GWM) unit, with double-digit top- and bottom-line growth in APAC, driven by a 33% rise in transaction-based income. “The strength of our global, diversified franchise powered our excellent full-year performance as we helped clients navigate an unpredictable market environment. We made great progress on one of the most complex integrations […]

The post UBS GWM eyes US$5.5tn prize; APAC profit up 24% as advisor headcount dips appeared first on Asian Private Banker.

In 2025, North Asia’s private banking sector saw a golden moment amid rising market strength and sanguine sentiment, with Hong Kong supporting wealth creation through its capital markets. As we head into 2026, APB highlights five private banks to watch in Hong Kong. UBS GWM back to growth mode post CS integration Two years after the announcement of its shotgun […]

The post Five private banks to watch in Hong Kong in 2026 appeared first on Asian Private Banker.

Asian Private Banker is delighted to present Final Word 2025, our year-in-review feature featuring regional heads from wealth management players across APAC. Click here to read Final Word 2025 In this exclusive feature, top executives reflected on what kept them up at night in 2025, covering everything from digital transformation to regulations, and business strategy to investment performance. Below are some […]

The post Final Word: Private banking leaders reflect on strong a 2025, reveal strategies for 2026 appeared first on Asian Private Banker.

Asian Private Banker is excited to launch the Power List Singapore to celebrate the city’s most influential private bankers shaping one of Asia’s fastest-growing wealth hubs. Not just managing wealth, these leaders are redefining their craft by combining expertise with empathy, innovation, and a commitment to lasting relationships. Click here to see the full Power List Singapore. The Power List […]

The post APB Power List: Meet the most influential private bankers in Singapore appeared first on Asian Private Banker.

Banks hailing from the UK and continental Europe delivered robust top- and bottom-line growth in the third quarter of 2025, mirroring the strong earnings reported by their American counterparts. UBS Global Wealth Management (GWM), Deutsche Bank Private Bank, BNP Paribas Wealth Management (BNP Paribas WM), HSBC, and Standard Chartered all posted double-digit revenue or profit growth, supported by higher client […]

The post 3Q25: European private banks keep pace with US rivals appeared first on Asian Private Banker.

Southeast Asia’s private banks have been experiencing strong inflows and sustained growth momentum, according to private banking leaders at the APB Summit 2025 in Singapore today. The panel discussion, Business highlights: Progress in Singapore’s private wealth business revealed private banking trends in the region, differentiation strategies, and future industry challenges identified by private banking CEOs. International corridors supporting flows At […]

The post APB Summit 2025: Flows, edge, concerns – UBS, Julius Baer, BOS, DBS share insights appeared first on Asian Private Banker.

This week, UBS showcased its digital initiatives and capabilities through its AI & Transformation Factory in Singapore—the firm’s largest and first of its kind globally. The event was attended by Singapore’s Minister for Digital Development and Information, Josephine Teo. The factory is designed to accelerate digital transformation and foster innovation through cross-functional collaboration. According to UBS, the initiative underscores its […]

The post Inside UBS’s AI transformation playbook appeared first on Asian Private Banker.

With US$5.8 trillion expected to be passed on to the next generation of wealth owners in Asia Pacific by 2030, private banks are faced with the task of staying close to future leaders or face the harsh reality of a shrinking client base. Just how this is achieved is another matter, with the younger generation wanting fewer banking relationships, not […]

The post Private banks turn summer into a next-gen bonding season appeared first on Asian Private Banker.

Wealth management giant UBS Global Wealth Management (UBS GWM) saw double-digit growth in profit before tax (PBT) for both its GWM unit and APAC GWM segment in 2Q25. At the same time, HSBC reported profit dips in both Hong Kong and International Wealth and Premier Banking (IWPB). According to the latest earnings reports, UBS GWM reported a 38% increase in […]

The post UBS GWM’s profits up post-integration, while HSBC stumbles post-reorg appeared first on Asian Private Banker.

UBS Global Wealth Management (UBS GWM) has restructured its financial intermediaries (FIM) team in Asia Pacific, including the appointment of new co-heads, as well as a new head of A&S (advisory & sales) FIM APAC, according to an internal memo seen by Asian Private Banker. Philippe Spielhofer and Stefan Berger have been appointed as the new co-heads of FIM APAC, […]

The post UBS GWM rejigs FIM leadership with APAC advisory and sales head appeared first on Asian Private Banker.

UBS Global Wealth Management (GWM) has upgraded its outlook on Singapore equities from neutral to attractive, highlighting the market’s role as a defensive safe haven amid ongoing geopolitical uncertainty. Speaking at the UBS Mid-Year Outlook 2025 in Singapore, Tan Min Lan, head of the chief Investment office, APAC, said: “The market offers a defensive safe haven amid ongoing geopolitical uncertainty, […]

The post UBS lifts Singapore stocks to ‘attractive’ outlook appeared first on Asian Private Banker.

While private banking hiring in Asia Pacific slowed in April, several asset managers in the region named new CEOs. There were also some surprise departures in the private banking industry, with Nomura International Wealth Management (IWM)’s head of North Asia, Rudolf Hitsch, leaving the bank after two years in the role. The head of IWM at Nomura, Ravi Raju, will […]

The post Movers & Shakers: Heavyweights exit Nomura IWM and HSBC GPB appeared first on Asian Private Banker.

Global markets have been shaken by US President Donald Trump’s blitz of tariffs on allies and adversaries alike, wiping trillions of dollars from the value of global stocks. Below, private bank investment leaders answer four key questions on what the Trump tariffs mean for client portfolios and beyond. What is Trump trying to achieve? Private banks and other market commentators […]

The post Trump’s trade war: PBs address four key questions appeared first on Asian Private Banker.

The re-emergence of Jack Ma in a public forum with Chinese president Xi Jinping could signal the return of animal spirits to the country’s markets and the end of a regulatory crackdown cycle. That is according to private bank CIOs, who believe that the country’s hosting of a rare private sector symposium on Monday featuring the country’s most prominent entrepreneurs […]

The post Jack is back: Why China’s markets are roaring back to life appeared first on Asian Private Banker.

Running a successful business is a time and energy-consuming endeavour, leaving little room for managing other affairs. So much so, that four in ten entrepreneurs believe that they are not doing enough to grow their own private wealth. This is according to the survey results of UBS’s Global Entrepreneurs Report 2025, which surveyed 156 of UBS’s entrepreneur clients whose businesses […]

The post Entrepreneurs agree they are not doing enough to grow their own wealth – UBS report appeared first on Asian Private Banker.

Swiss giant UBS Global Wealth Management (UBS GWM) recorded a marked increase in profit for Asia Pacific in 4Q24, while at the same time seeing net new asset (NNA) outflows in the region. UBS GWM’s profit before tax in Asia Pacific for 4Q24 reached US$271 million, increasing US$211 million YoY, and accounting for 31% of GWM’s global total. Total revenues […]

The post UBS GWM sees NNA outflows in APAC as profits increase appeared first on Asian Private Banker.

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 […]

The post Vote now: Who has the best red packets in Year of the Snake? appeared first on Asian Private Banker.

While private banks are working hard to attract clients and garner AUM, the competition goes beyond financial metrics, transcending into client experience and staff engagement. Previously, APB highlighted a selection of the most impressive private banking offices in the region, showcasing their unique features. With over two thousand votes, APB’s readers crowned UBS Singapore at Penang Road, featuring an extensive […]

The post Revealed: This private bank has the best Singapore office appeared first on Asian Private Banker.

From fashion and jazz music, to construction booms and new-fangled tech innovations, the so-called ‘Roaring Twenties’ was an era of prosperity and sustained economic growth in the years that followed the First World War. Are we headed for a similar boom under the rebooted US presidency of Donald Trump? That is a question being posed by UBS Global Wealth Management […]

The post Roaring 2020s: Will US economy ‘thrive’ under era of Trump 2.0? appeared first on Asian Private Banker.

Donald Trump is set to become the 47th US president after what looks like a resounding victory over Democrat rival Kamala Harris. Underscoring the powerful red wave that has swept across the US, the Republican party is also poised to win both chambers of Congress. With these crucial main levers of government power under Republican control, private bank and asset […]

The post MAGA! What does resounding Trump win mean for PB portfolios? appeared first on Asian Private Banker.

On Tuesday, China’s authorities unveiled a package of measures to boost market sentiment as Asia’s largest economy continues to struggle with weak domestic demand and a drawn-out property market slump. Used to a cautious Beijing, private bank analysts were surprised with the extent of this latest round of measures. However, they still believe the package falls short of the stimulus […]

The post Private banks: Beijing’s stimulus package more aggressive than expected, but still falls short appeared first on Asian Private Banker.

UBS Global Wealth Management’s (UBS GWM) Asia Pacific profit before tax more than doubled year-on-year (YoY) in 2Q24 mainly driven by the integration with Credit Suisse. In APAC, UBS GWM’s profit before tax stood at US$310 million in 2Q24, up US$162 million, or 109%, from US$148 million in 2Q23. This was mainly driven by the consolidation of Credit Suisse revenues […]

The post UBS GWM APAC 2Q24 profit doubles following Credit Suisse consolidation appeared first on Asian Private Banker.

With the announcement that UBS’s Iqbal Khan will be dispatched to Asia with the new title of president of Asia Pacific and co-head of GWM globally, all eyes are currently on the region’s biggest private bank. One of Khan’s major challenges will be retaining staff at the Swiss giant, which boasts an army of around 1,100 relationship managers (RMs) in […]

The post Movers & Shakers – May 2024: Which banks could gain from UBS’s pain? appeared first on Asian Private Banker.

A senior Indonesia banker from Credit Suisse has recently left UBS Global Wealth Management (UBS GWM), Asian Private Banker can reveal. Urban Binggeli has recently left the Swiss bank, multiple sources have confirmed. Binggeli has worked at Credit Suisse for over 13 years in Singapore and Switzerland. He was a former team leader for the Indonesia market at Credit Suisse […]

The post Former Credit Suisse Indonesia team head departs UBS appeared first on Asian Private Banker.

It is no secret that the key to success as a private banker in Asia is your network. But increasingly that concept has spread to the digital age, with the region’s top relationship managers, market heads and executives all seeking to expand their influence on social media. That is most evident on LinkedIn, the world’s largest professional network, which is […]

The post Influencer power list: The private bankers you need to follow on LinkedIn appeared first on Asian Private Banker.

In 2023, discretionary portfolio management (DPM) industry conversations were dominated by the topic of how to get clients out of cash and put their money back to work. Meanwhile, much time and energy was spent promoting sustainable investments (SI). Amid all the chatter, have banks managed to increase their Asia DPM penetration? And have more funds really been directed towards […]

The post Asia 2023 DPM and SI League Table: Sustainable investments break US$1 trillion, while DPM penetration stays stuck in the mud appeared first on Asian Private Banker.

2023 was a year that saw an intense war for talent among private banks in Asia Pacific. The merger of UBS and Credit Suisse formed the region’s largest private bank, allowing the banking behemoth’s competitors to woo ex-Credit Suisse bankers left adrift amid the fallout. Now the dust has settled – and taking a close look at the hard data – […]

The post Asia 2023 RM Headcount League Table: PB headcount edges higher amid industry shakeup appeared first on Asian Private Banker.

Asian Private Banker is proud to present our inaugural COO Focus. This specially curated feature gathers the views and analysis of the regional private banking industry’s leading operational chiefs, on everything from what keeps them up at night when it comes to compliance, to the future of the work-from-home trend, to the next wave of digitalisation. You can read the […]

The post What’s keeping private bank COOs up at night? appeared first on Asian Private Banker.

The private banking and wealth management industry in Asia has a significant number of women in senior leadership positions, from UBS’s Amy Lo and Jin Yee Young, J.P. Morgan Private Banking’s Harshika Patel, to Citi’s San-San Chan and DBS’s Carol Wu, to name but a few. Here, Asian Private Banker has gathered the views of ten leading women, who shared their […]

The post IWD 2024: What new PB female leaders can learn from Amy Lo and Harshika Patel appeared first on Asian Private Banker.

UBS Global Wealth Management’s (GWM) operating profit before tax for FY23 dropped 28% YoY due in part to costs relating to its ongoing integration with Credit Suisse, despite a 12% jump in total revenue, according to the firm’s recent earnings report. In addition, UBS GWM attracted US$131.7 billion in net new assets in FY23, with Asia contributing the most net […]

The post UBS GWM profit down 28% amid Credit Suisse integration, despite 12% revenue jump appeared first on Asian Private Banker.

UBS has entered a strategic partnership with tech incubator Hong Kong Science and Technology Parks Corporation (HKSTP), the bank announced on Wednesday. The strategic partnership aims to showcase innovative technology in the Greater Bay Area and nurture the next generation of unicorns, the bank said. HKSTP provides a platform for the business community and entrepreneurs to engage with tech start-ups […]

The post UBS partners with Hong Kong tech incubator for “win-win” collaboration appeared first on Asian Private Banker.

UBS Global Wealth Management (UBS GWM) has invested in Columbia Threadneedle Investments’ (CTI) recently-launched sustainable global equity strategy, as the Swiss private bank bulks up its offerings in the green investing space. CTI, which has AUM of about US$617 billion, said on Wednesday that UBS GWM would allocate an unspecified amount to the asset manager’s Sustainable Global Equity Enhanced Income […]

The post UBS GWM invests in US$617 billion asset manager’s sustainable strategy appeared first on Asian Private Banker.

Two senior NRI bankers have joined UBS Global Wealth Management (GWM) from Credit Suisse, Asian Private Banker can reveal. Based in Singapore, Gautam Anand joins UBS GWM as managing director, responsible for the NRI market. Anand comes from Credit Suisse, where he was head of the NRI team at the bank from 2013 to 2022. Before that, he held senior […]

The post UBS hires two NRI bankers from Credit Suisse appeared first on Asian Private Banker.

Billionaires including those in Asia-Pacific are increasingly eager to use their capital to address environmental challenges ranging from cutting greenhouse gases to improving access to education, a new report has found. The UBS “Billionaire Ambitions Report 2022“, which came out on Thursday (December 8), found that 95% of respondents think they should leverage their business capital to tackle global challenges, […]

The post ‘Instability and innovation’: Billionaires see opportunity to tackle environmental challenges appeared first on Asian Private Banker.

If private bankers were hoping for a tamer, more opportunity-rich 2023 in Greater China, two recent events suggest it could be time to think again. One is the worst social unrest seen in China in decades, fuelled by more than two years of lockdowns as part of the country’s relentless “zero-COVID” approach to handling the pandemic. Clashes with police in […]

The post Will China rebound in 2023? Not so fast, say private bankers appeared first on Asian Private Banker.

Following weeks of speculation, the Federal Reserve this week unveiled its largest single rate hike in almost three decades. The 75bps rise on Wednesday, the US central bank’s biggest increase since 1994, comes as the Fed attempts to tamp down stubbornly high inflation that has been worsened by a crunch in global energy and food markets. The Federal Funds rate […]

The post Fed hikes rates by most since 1994: Private banks and asset managers react appeared first on Asian Private Banker.

UBS Global Wealth Management has appointed a senior client advisor and two private bankers covering the Philippines market, according to an internal memo circulated by the Swiss bank. As senior client advisor, Maria Lourdes Kristen Quintos will focus on UHNW relationships. She is an industry veteran with over 35 years of experience. She was most recently president and CEO of […]

The post UBS GWM makes Philippines client advisor appointments  appeared first on Asian Private Banker.

UBS Global Wealth Management (UBS GWM) has appointed a new head private client segment & WM client service specialists Singapore, according to an internal memo. Jourdan Gozali will take up the role, effective 1 July , and will be responsible for developing UBS GWM’s “vision and business strategy for the private client segment across the value chain” in the Southeast […]

The post UBS GWM appoints head private client segment for Singapore appeared first on Asian Private Banker.

UBS Global Wealth Management has appointed a head of wealth planning for Southeast Asia, according to an internal memo seen by Asian Private Banker on Thursday. Based in Singapore, Michelle Lau will join the bank in 3Q22. She is a wealth planning veteran, having worked for two decades at HSBC Global Private Banking, where her roles included regional head of […]

The post UBS GWM hires Southeast Asia wealth planning veteran appeared first on Asian Private Banker.

Sentiment towards beaten-down Chinese equities has likely “crossed a turning point” while Singapore should prove resilient in the face of geopolitical headwinds, UBS Global Wealth Management’s (UBS GWM) Chief Investment Office said in its Asia 2Q22 Outlook. In the report, which was published on Monday, the Swiss wealth manager noted that 2Q22 held promise for the performance of Asian assets, […]

The post Chinese stocks have likely “crossed a turning point”: UBS GWM appeared first on Asian Private Banker.

Online trading of structured products is on the digital upgrade agenda of both HSBC Global Private Banking and UBS Global Wealth Management in 2022. For HSBC GPB, the capability is going live in a few weeks’ time, said John Plester, the bank’s regional head of transformation and innovation, Asia, in a webinar hosted by Asian Private Banker on Wednesday. Titled […]

The post HSBC GPB to launch online trading of structured products “in a few weeks” appeared first on Asian Private Banker.

The co-head of UBS Global Family Office for APAC is returning to Deutsche Bank after a hiatus of four years. Anurag Mahesh is rejoining the German lender as vice chairman for wealth management APAC, according to an internal memo seen by Asian Private Banker. Based in Singapore, Mahesh will report to Lok Yim, MD, head of International Private Bank, Asia […]

The post UBS GFO co-head rejoins Deutsche Bank as vice chairman for WM APAC appeared first on Asian Private Banker.

This week: Pictet Wealth Management believes downside protection outweighs upside profits in the China high yield market; UBS reveals the bigger picture behind the EV rally; Lombard Odier overweight on EM credit — but hard currencies only; Bank of Singapore sees downward pressure on gold on multiple fronts. Pictet WM: For China high yield, resist the downside even if you […]

The post CIO Weekly — The downside/upside trade-off in China HY: Alexandre Tavazzi of Pictet WM appeared first on Asian Private Banker.

UBS has appointed a team head focused on new economy-related business opportunities, with a dual reporting line which should benefit the interconnectivity within its “one bank” concept. Effective 11 October 2021, Binnie Wong has joined UBS as managing director, team head of the new economy strategy business development team. Wong was most recently head of Asia Pacific internet equity research […]

The post UBS picks new economy business development team head from HSBC appeared first on Asian Private Banker.

Dutch asset manager Robeco has launched the RobecoSAM Global SDG Engagement Equities strategy, in collaboration with UBS Global Wealth Management (GWM), according to a Robeco press release. Available to professional investors in Hong Kong and accredited investors in Singapore, the strategy is a high conviction strategy with a sustainable investment objective — motivating invested companies to improve their contribution to […]

The post Robeco partners with UBS GWM for ESG product appeared first on Asian Private Banker.

UBS Global Wealth Management, the world’s largest wealth manager by AUM, has tied up with Invesco Real Estate to provide the Swiss bank’s clients with bespoke access to Invesco’s global real estate capabilities, “making it more efficient for private clients to incorporate the asset class into their portfolios”, according to a UBS press release. In a low-interest rates environment and […]

The post UBS offers Invesco’s real-estate strategies to clients as office sector remains biggest draw for cross-border investors appeared first on Asian Private Banker.

This week: UBS: Bull market may still have legs for a couple of months; Capital Economics: Profit-taking likely culprit for tech selloff; Pictet Wealth Management: Buy protection against weakness in tech; Bank of Singapore: Expect some modest dollar weakness for the rest of the year UBS: Bull market may still have legs for a couple of months Investors are seeking […]

The post CIO Weekly – Featuring Adrian Zuercher of UBS Global Wealth Management appeared first on Asian Private Banker.

The latest UBS Investor Sentiment Survey shows investors holding on considerable amounts of cash, while considering allocating more of their portfolio to equity within 2H21. According to the survey, conducted in late March 2021 to mid April 2021, cash holdings averaged 22% of portfolios globally, 3 pps down from September 2020. Nearly two in three investors (62%) were holding more […]

The post High cash holdings, but willing to invest more in equity: UBS Investor Sentiment survey appeared first on Asian Private Banker.