Banking & Private Wealth Management Blog

Maybank Expands Indonesian Foothold Via Acquisition

Maybank Asset Management, the wholly-owned subsidiary of Malaysia's Maybank Group, has expanded its Indonesian operations …

Back To School: UBS Launches Inaugural Development Programme For Top RMs In Asia

As the academic year looms over the horizon, UBS Wealth Management announced today it has launched its first “wealth management …

Ex-Legal & General AsiaPac Head Moves To Abu Dhabi Investment Authority

Abu Dhabi Investment Authority, the sovereign wealth fund owned by the Emirate of Abu Dhabi, has appointed a new internal …

Next Gen Investors Seek Digital Wealth Management Solutions - Study

The rapid uptake of mobile technology in Australia is expected to bring changes to the wealth management and financial services …

Former Standard Chartered Senior Asia Executive Shifts To Rival

Zubin Dabu, who was previously head of Thailand and a former head at the bank for its Indian markets group, has been appointed …

Switzerland Signals Desire To End Tax Wrangles With US

The Swiss government signalled it wants to complete a joint statement with the US which, it hopes, will end a long-standing …

Valartis Group to merge or sell Swiss private bank

Banking and finance company Valartis Group said on Tuesday it was looking to sell or merge its Swiss private banking business …

Bankers warn on Singapore shake-up

Intense competition, a tendency for wealthy Asians to use multiple private bankers and high staff costs are likely to force …

HSBC Is World's Number One Family Office Business For Third Year Running

HSBC Private Wealth Solutions has been crowned the world’s number one family office business for the third year running in …

Blue-Blooded Wealth Manager Appoints Former UBS Veteran To Lead Firm In North Asia

Rothschild has appointed former UBS veteran Alois Müller as its managing director and head of Rothschild’s Wealth Management …

Ahli United Bank ranked No. 1 Bank regionally

Ahli United Bank B.S.C has been recognized as the region’s top bank for asset management, as revealed by the MENA Asset Managers …

CIMB Attributes Strong Gains In H1 2013 To Malaysia, Singapore Business

CIMB Group, the Malaysian banking giant, posted a 15.1 per cent year-on-year rise in net profit for the six months to 30 June …

DBS Moves Forward As Bidder For SocGen's Asia Private Bank - Report

DBS Group, the Singapore-based bank, has advanced as a potential buyer bidding for Societe Generale private banking assets …

CIMB Group Names CEOs For Malaysia, ASEAN

CIMB Group, the Malaysian financial services group, has strengthened its asset management arm with the appointment of two …

Tech, Consultancy Infosys Launches Latest Version Of Wealth Management Service

The technology, consultancy and outsourcing solutions firm Infosys has launched out the latest version of its Finacle wealth …

US Financial Advisory Firm Builds Singapore Team

StormHarbour, the US global markets and financial advisory firm, has bolstered its Asia-Pacific presence with a series of …

SS&C GlobeOp Strengthens European-Domiciled Fund Service with New Luxembourg Offices

SS&C Technologies (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced …

ANZ Appoints Senior Executive From UK Banking Giant For International, Institutional Role

ANZ has appointed Andrew Géczy, a former senior executive at UK-listed Lloyds Banking Group, as chief executive for international …

New Mainland China Association Aims To Protect Local Fund Managers - Report

Fund management firms in the Chinese Mainland have created an industry association that seeks to protect local companies as …

Swiss Bank, Former Clients Settle Negligence Suit In Singapore

A father-and-son pair of investors have in Singapore settled a lawsuit with Credit Suisse over losses sustained in 2008 when …

Chinese Banking Heavyweight Gets Into The Mobile Act

China CITIC Bank International has rolled out the smartphone and tablet app CITICmobile for clients at its consumer banking …

Cayman Islands Completes FATCA Negotiations With US

The government of the Cayman Islands has today concluded negotiations with the US on both a Model 1 intergovernmental and …

Switzerland Vows Tax Co-Operation But Warns About Use Of Stolen Bank Data

Switzerland may co-operate other countries trying to clamp down on tax dodgers even if requests for help are based on leaked …

SS&C GlobeOp Brings Voice Recognition to its Fund Administration App

SS&C Technologies (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced …

Boku extends presence in Asia Pacific


Cross-platform mobile payments provider Boku has extended its operations in the Asia Pacific region with the opening of three …

BoA Logs Solid Q3 Results At Global Wealth, Investment Management Unit


Bank of America has today reported that net income at its Global Wealth and Investment Management division rose 26 per cent …

High hopes for private banking in Japan

Wealth managers eyeing opportunities in Japan could have done without last week’s dressing-down of Tokyo-based Abraham Private …

Deutsche Asset & Wealth Management announces new hire

Deutsche Asset & Wealth Management announced that Felipe Godard will join the Firm as a Managing Director and Head of Wealth …

Private Banker International announces 2013 winners for the Annual Global Wealth Awards


Private Banker International (PBI), the leading journal for the global wealth management industry has announced the winners …

JP Morgan Agrees To $100 Million Fine Over “London Whale” - Report


JP Morgan Chase has agreed to pay about $100 million to resolve the Commodity Futures Trading Commission’s probe into the …

Barclays Keeps On Hiring In Asia

Barclays continued to expand its reach in the North Asia private banking arena, this publication can confirm from the UK-headquartered …

Singapore Is Home To 40 Private Banking Firms - Minister

Singapore is home to around 40 financial institutions that offer private banking services, according to Tharman Shanmugaratnam, …

UBS Is Number One Wealth Manager In Asia-Pacific - Rankings


The last few years have been tough on UBS – although it has recovered ground since 2008 - but the Swiss banking titan has …

Australian Private Client Law Firm Expands Into Wealth Management


ILH Group, the Australian law firm that caters to business owners and high net worth individuals, has acquired a local corporate …

Private banking changes courting strategy for Asia


Asia became the focus of ambitious global banks in 2009 as they unleashed a wave of investment across the region. After the …

Private banker must seek their inner geek


The heady days of the early tech boom seem to be back. Increasing amounts of cash are sloshing through the world’s Silicon …

Panic buttons at the ATMs


Banks are working overtime to find and foil fraud at ATMs. They are tackling thieves who create fake ATM displays that snatch …

Bank of America Reviews Fees For Thousands Of Merrill Lynch Brokerage Clients


Bank of America has confirmed that it is overhauling the way it charges for its account-management services, but has denied …

Manulife Financial Offloads Taiwan Insurance Business


Manulife Financial, the Canadian financial services group, has sold its Taiwan life insurance business to one of the largest …

Wealth manager based on 'science of markets' launches


Manchester based Mamucium Capital Management has launched offering what it calls a "new model" of investing based on the "…

Liechtenstein Bank To Pay $23.8 Million In US Tax Evasion Case


Liechtensteinische Landesbank, Liechtenstein's oldest bank, has agreed to pay $23.8 million to the US tax authorities after …

Wealth managers neglecting clients


The number of people looking for a new wealth manager because their existing adviser is neglecting them has doubled in a …

JBWere's Asia Desk Head Departs


Australia's JBWere is reported to have lost the Executive Director of its Asia Desk, Kenny Ng based in Sydney.


JBWere were …

Islamic Finance Needs Global Standards To Achieve Stronger Growth - Bank CEO


The $1.5 trillion Islamic finance industry needs a global set of standards if the sector is to significantly expand from …

© Nick Kalikajaros 2017