Banking & Private Wealth Management Blog

Fortuna Banque to revamp front-to-back office tech with Temenos and Syncordis


Luxembourg-based Fortuna Banque, a retail co-operative bank with nearly a hundred-year history, is modernising its core banking …

Hong Kong-Based Wealth, Advisory House Inks Fintech Deal


Lioncrest Global, the Hong Kong-based independent wealth management house created last year by former UBS executives, has …

Regulator Down Under Exiles Former Morgan Stanley WM Advisor


Australia's financial regulator has permanently banned a former Morgan Stanley Wealth Management advisor from providing financial …

Headhunter Launches Wealth, Fintech Start-Up


Nick Hughes, a headhunter who has worked in Singapore in the wealth and financial services industry, has relocated to Gibraltar …

Singapore Regulator Preps Blockchain Trial For Cross-Border Payments


Singapore's financial watchdog is ready to begin testing whether cross-border payments could be carried out using blockchain-…

UBS Launches Credit Card for Super-Rich

Switzerland's UBS is launching a credit card for its American super-rich clients. The Swiss bank follows a trend of courting …

Morgan Stanley to Step Back from Recruiting

Morgan Stanley told its managers Tuesday that it will “significantly reduce” its recruiting of experienced advisers, a move …

CIMB Adds Seven Hires at Singapore Private Bank in Asia Top 20 Push

CIMB Group Holdings Bhd. has hired seven people recently at its private bank in Singapore, according to a person familiar …

Singapore’s MAS completes 2yr review of banks in 1MDB deals

The Monetary Authority of Singapore (MAS) has completed its two-year review of banks involved in 1MDB-related transactions …

Credit Suisse Develops Robo Advisor

Digital development is gathering pace at Credit Suisse under the guidance of Anke Bridge. Switzerland’s second-largest bank …

Merrill Brokers Hanging On to More Assets and Loans

It’s not the best of news for Merrill Lynch brokers with long-festering complaints about parent Bank of America’s control …

UBS Snaps Up Brazil's Largest Family Office

Switzerland's largest bank is gobbling up a key Brazil private banking player. The deal marks a debut for UBS' new Latin America …

Singapore Watchdog, Abu Dhabi Financial Hub Strike Alliance Fostering Fintech

Singapore's financial regulator has shaken hands with an Abu Dhabi financial hub on an agreement that seeks to foster fintech …

Piyush Gupta Wants Wealth Management to Be Major Contributor

The chief executive of Singapore's largest bank DBS said his ambition in the next few years is to have the wealth management …

Credit Suisse To Ramp Up Lending To World's Wealthiest People

Credit Suisse expects increased lending to the world's wealthiest individuals to play an integral role in helping its shift …

DIFC Enters Co-Operation Pact With Malaysia

The Dubai International Financial Centre, the financial jurisdiction in the United Arab Emirates, has forged a co-operation …

Private Banking's Musical Chairs

It will soon be that time of the year again when private wealth managers, in search of greener pastures, begin their migration.

Julius Baer, GAM Part Ways On Brand Licence Agreement

Julius Baer and global asset manager GAM have agreed to a full divorce, eight years after the formerly combined group split …

Safa Bank, Palestine, goes live on Temenos IslamicSuite

Temenos (SIX: TEMN), the software specialist for banking and finance, announces that SAFA Bank, a new Islamic banking entity …

Global private banks join blockchain alliance

Some of the world’s largest private banks have joined other big enterprises and start-up blockchain innovators to build, promote …

S&P Global Announces Strategic Relationship and Investment in Kensho

S&P Global (NYSE: SPGI), a leading provider of transparent and independent ratings, benchmarks, analytics and data to the …

China Execs Face Uphill Battle Recruiting Staff To Drive Digitisation - PwC Report

Nearly 80 per cent of business executives in China find it “very difficult” to recruit creative and innovative staff, according …

BNP Paribas embraces Fintech

Last month BNP Paribas announced that it was joining forces with Silicon Valley-based tech accelerator scheme Plug and Play …

Credit Suisse Selects Fintech Firm To Overhaul Private Banking Platform

Credit Suisse has partnered with a financial technology firm to enhance its Asian private banking platform with the addition …

Harrods Bank implements Temenos T24 core banking system

UK-based Harrods Bank is implementing a new core banking system, having abandoned the FIS Profile project

The new platform …

Falcon's Private Bank Head Exits

Erich Pfister, head of private banking at the Zurich-based bank, is leaving, after two years at the bank, two sources told …

DIFC Forms Alliance With Indian Financial Hub To Boost Regulatory Cooperation

Dubai International Finance Centre (DIFC) has shaken hands with Gujarat International Finance Tec-City (GIFT), an Indian financial …

Bank to Offer Real Estate Services to Private Banking Clients

Thailand’s Kasikornbank is seeking the Bank of Thailand's approval for a series of additional services for its private banking …

ANZ Appoints Talent, Culture Executive

Kathryn van der Merwe has joined ANZ as group executive of talent and culture from Bain & Company.

In her most recent role …

RBC Sparks Review Of Asian Wealth Management Business

Despite Royal Bank of Canada last week ensuring it “remains committed to the [Asia-Pacific] region”, Canada's largest lender …

SSGA Promotes Global Head Of Product, Marketing

State Street Global Advisors has promoted Cyrus Taraporevala, current global head of product and marketing, to a role overseeing …

Avaloq under attack as Temenos starts year strongly

Banking software vendor Temenos has reported a strong start to 2017 with total software licensing revenues up 19% – and it …

Al Khaliji France moves to new core banking system, Temenos’ T24

Al Khaliji France, a Paris-based subsidiary of Qatar’s Al Khaliji Bank, has gone live with a new core banking platform, Temenos’ …

ITSS delivers Temenos’ T24 core banking system to SAFA Bank

SAFA Bank, a new Islamic bank in Ramallah Palestine, has gone live on the Islamic version of Temenos’ T24 core banking system. …

Digital Wealth Manager Toasts One-Year UK Anniversary With Senior Hire

Moneyfarm, the digital wealth manager, has logged 16 per cent month-on-month average growth and made a senior hire as it marks …

Credit Suisse rejigs Private Banking business brass in India

Credit Suisserecentlyannounced senior level changes in India, appointing Inigo Mendoza as Head of Private Banking and Balakrishnan …

Australian Wealth Manager Logs Slide In Reported Profit, Underlying Result Improves

Australia-headquartered ClearView Wealth recently logged a 58 per cent year-on-year slump in reported net profit after tax …

RBC Wealth Management Says It "Remains Committed" To Asia Following Sale Speculation

Royal Bank of Canada has hit back at media claims that it is contemplating selling its Asian wealth management business, saying …

Royal Bank of Canada reviews Asia wealth business for possible sale -sources

Royal Bank of Canada (RBC), the country's biggest lender, has put its Asian wealth management business under review, which …

Wealth, Asset Management Industries Unprepared For Tech Surge - PwC Report

The results of an annual survey conducted by PwC shines a light on how wealth and asset management chief executives are lagging …

The great blockchain ruse

Luddites, it’s time to crawl out from the rock you’ve been hiding under. You no longer need to be afraid.

All of this talk …

UOB's Private Bank Has Forward Momentum

When United Overseas Bank was crowned best private bank in Southeast Asia by this news service in 2016, it helped to cement …

Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

The private banking arm of Singapore’s second-biggest lender OCBC (OCBC.SI) is targeting annual growth of assets of more than …

Singapore Aims To Boost Venture Capital By Cutting Red Tape

Singapore’s financial regulator has set out ideas on how to make the Asian city-state a venture capital powerhouse by cutting …

2017 Budget boosts Australia’s fintech

Good days and good times have come to Australia’s fintech scene with the 2017-18 Australian budget bringing in some useful …

Credit Suisse To Axe Up To 6,500 Jobs As WM Drive Continues

Credit Suisse is to slash up to 6,500 jobs this year as chief executive Tidjane Thiam continues to drive cost cutting efforts, …

Royal Bank Of Canada Names New International Wealth Boss

Ashif Ratanshi has been appointed as RBC’s new head of international wealth management, taking the reins from Stuart Rutledge …

Westpac's $600m wealth systems overhaul is nearly complete

Westpac's four-year, $600 million effort to provide its customers a single, consolidated view of their wealth is "largely …

Bank of China Takes Private Banking Back to the Future

I.M. Pei caused a stir when he constructed the Bank of China Tower in Hong Kong, the building was criticised by some practitioners …

Swiss banks flourishing despite end of confidentiality

It’s almost two years since Julius Baer completed the acquisition of Leumi Switzerland from Bank Leumi (TASE: LUMI), and the …

Private Bank Adds To Senior Management In Singapore

Leading industry publication WealthBriefingAsia reported that LGT has added to its Singapore senior management team with the …

DBS unveils new mobile app, latest iWealth website

After years of fine-tuning, DBS Bank unveiled a new mobile app as part of the latest version of its wealth platform yesterday, …

ABN AMRO MeesPierson named Best Private Bank

ABN AMRO MeesPierson has been named Best Private Bank in the Netherlands by Euromoney magazine for the 14th year in a row.

“…

HSBC Considering Wealth and Asset Management Additions

Asia focused HSBC is keen on making acquisitions in wealth and asset management. Over the past few years while HSBC was naval …

Industry Body Launches Advisor Training Programme

The Personal Finance Society has rolled out a financial advisor development programme, following in the footsteps of several …

Private Banks in Iran Seize on Innovative Ideas to Win Customers

Private banks in Iran have started to embrace innovative technologies more than ever, striving to address major issues on …

Nick Kalikajaros 2017