Banking & Private Wealth Management Blog

DBS Q3 net profit at S$1.071b, buys ANZ's wealth, retail units in 5 Asian countries

DBS Group reported on Monday that its net profit for the third quarter ended September 30, 2016 stood at S$1.071 billion on …

Private Bank Hit in Mis-Selling Case

The High Court in Hong Kong has ruled against a private banking unit of Singapore’s OCBC in a case of a financially naive …

ANZ Reviewing Asian Retail Operations, Says Costs Are Significant - Report

Leading industry publication, Wealthbriefing Asia reported that the Australian and New Zealand Banking Group, which has been …

Australian Tribunal Upholds Permanent Ban On Former Credit Rep; Watchdog Disqualifies Director

Leading industry publication Wealthbriefing Asia reported that a tribunal has upheld a decision by Australia’s financial regulator …

National Bank of Kuwait in Egypt goes live on Temenos treasury solution

Treasury Trader was launched in 2010 and is a front to back office solution. It will integrate with the bank’s Temenos T24 …

Zurich Names New Asia-Pacific CEO

Leading industry publication - Wealthbriefing reported that Switzerland-headquartered Zurich Insurance Group, aka Zurich, …

Trident Trust Appoints Singapore Office MD

Leading industry publication - Wealthbriefing reported - reported that Trident Trust has appointed Sean Coughlan as managing …

KPMG Sees Exponential AuM Growth For Robo Advisors 2

Leading industry publication - Wealthbriefing reported that KPMG completed a US based study of this disruptive wealth management …

Global Solutions deploys new banking application for Sovereign Bank

Sovereign Bank reviewed many core banking applications to determine the one that best supports its principal aim of making …

The private banking of New Zealand's wealthiest

Helicopter rides and late night trips to the airport or hotels are all part of the job for those who look after the money …

EFG International Expects To Slash BSI Purchase Price; BSI Suffers Outflows Amid 1MDB Scandal

Leading industry publication - Wealthbriefing reported - EFG International, the Swiss bank which has bought BSI from its Brazilian …

Latin American tax clampdown latest threat to Swiss bank accounts

Switzerland's private bankers fear cash-strapped Latin American countries pursuing billions of dollars in unpaid taxes will …

14 financial advisers banned in wealth management purge

The corporate watchdog has banned 14 financial advisers from the big four banks, Macquarie and AMP since the start of its …

Credit Suisse: Banking With Super-Rich U.S. Clients

The creation of new private-banking services for super rich clients in the U.S. isn't going unnoticed in the other divisions – …

6 Massachusetts wealth managers named among top U.S. advisers

Six Massachusetts financial professionals rank among the top 100 wealth managers in the U.S., according to Forbes Magazine, …

New wealth management firm launches with IRESS

IRESS has announced that it is delivering the integrated wealth management platform to new venture Saranac Partners, founded …

New rules force closure of about 10,000 Chinese private wealth management firms in six months

About 10,000 private wealth management firms have been shut down in China since early February, after it tightened entry norms …

Pre-Tax Profits Slide At HSBC Amid Tough Market Conditions; Private Banking Results Drop

Leading industry publication, Wealthbriefing reported that Hong Kong/London-listed HSBC reported profit before tax in the …

Standard Chartered names new Greater China, North Asia head for private bank

Standard Chartered has hired Vivian Chan as regional head, private banking, Greater China and North Asia, as of January 2017.

Summary Of Executive Moves In Asia-Pacific Wealth Management

Industry leading publication - Wealthbriefing reported the following activities

Standard Chartered appointed a top International …

Australia's Commonwealth Bank expects to pay "significant" customer compensation

Commonwealth Bank of Australia's (CBA) Chief Executive Ian Narev said Australia's biggest lender would make significant compensation …

Westpac's BT Financial Group admits it knocked back 1-in-3 TPD claims

After a lot of arm twisting, Westpac's life insurance arm has been outed as the insurer declining one-in-three total and permanent …

Abu Dhabi-Based Firm Launches UHNW Service With American Express

ADS Securities, the Abu Dhabi-based financial services firm, has partnered with American Express Middle East to expand benefits …

Aspiring private banks have focus on fintech

An employee uses an Apple iPhone to demonstrate to reporters how to pay using the Apple Pay service at an Apple store in Beijing, …

Private banking: what is it, and who uses it?

PRIVATE banking is becoming the new country club. By that I mean it’s often under-utilised, people who have it keep complaining …

Spain's Popular may incorporate external partner into private banking unit 2

Says is considering incorporating an external partner into its private banking unit

Says is not worried about the result of …

Nick Kalikajaros 2017