Banking & Private Wealth Management Blog

Compliance for Asia-Pacific banks 'getting costlier'

Private banks in the Asia-Pacific region are finding it increasingly costly to comply with regulatory changes being imposed …

Dion Global Solutions Appoints MD For Australia, New Zealand

Dion Global Solutions, the India-listed financial technology firm, has appointed Rudi Pecker as managing director for Australia …

Citi appoints Asia private banking investment head

Citi has appointed So-Yon Sohn as head of investments Asia Pacific for its private bank.

Sohn will be responsible for all investments …

UBS loses talent to Credit Suisse for Malaysia Market

Marcus Sloor has reportedly defected to Credit Suisse after 13 years with UBS to fill the role previously held by Jimmy Lee.


Swiss Bank Group’s Odier Sees U.S. Tax Spat Resolved by 2015

Swiss banks will reach final settlements over tax disputes with the U.S. by 2015, according to Patrick Odier, chairman of …

Macquarie Offloads Stake In Indian Wealth Management Firm To Joint Venture Partner

Religare Enterprises, the Indian financial services group, has bought out Macquarie Financial Services Asia's stake in their …

Barclays to sell UAE retail bank

Barclays Plc will sell its retail bank in the United Arab Emirates, highlighting the challenges foreign banks face in the …

FCA Hits Aberdeen With £7.2 Million Fine

The Financial Conduct Authority has fined Aberdeen Asset Managers and Aberdeen Fund Management £7,192,500 ($11,200,328) for …

Coutts & Co's Reshaped Business Model Bears Fruit

Coutts’ heavy shakeup of its wealth management operations over the past year have borne fruit with assets under advice rising …

Raft Of Appointments Made At Crédit Agricole Private Banking; New Asia CEO

Crédit Agricole Private Banking has announced a raft of top-level appointments, including a new chief executive for private …

Nedbank, Bank of China Form Pact To Boost Chinese-Africa Business

Bank of China and South Africa-headquartered Nedbank Group have entered a strategic business cooperation agreement to boost …

ANZ Creates Bancassurance, Client Experience Role Within Wealth Arm

Australia and New Zealand Bank, one of Australia's Big Four banks, has created a new senior position within its wealth management …

HSBC Cuts Wealth Management Footprint

HSBC, the Hong Kong/London-listed banking giant which has been shedding businesses as part of a business review, is to stop …

Blue-Blooded Private Bank Continues Indonesia Drive With Key Hire

Coutts, the private bank, has bolstered its Singapore-based team with the appointment of Watty Buwanawati as executive director, …

ASIC Accepts Enforceable Undertaking From Local Wealth Manager

The Australian Securities and Exchange Commission has accepted an enforceable undertaking from WealthSure, its sister company …

UBS Is Top Of The E-Publications League; Wealth Industry Must Raise Its Game - Study

UBS, Switzerland’s biggest bank, tops the global rankings of a study showing which wealth managers have the best electronic …

Switzerland, US Agree Sweeping Deal To End Wrangle Over Offshore Accounts

After months of wrangling, the US and Swiss governments have signed a joint statement in Washington DC designed to draw a …

OCBC unit to boost discretionary services

More rich Asians are turning to private banks to make the final investment decisions in managing their wealth, demanding more …

HSBC Cuts Wealth Management Footprint

HSBC, the Hong Kong/London-listed banking giant which has been shedding businesses as part of a business review, is to stop …

Hong Kong Court Orders Shutdown Of Securities Firm

The Court of First Instance in Hong Kong has ordered the winding down of Salisbury Securities in response to an application …

© Nick Kalikajaros 2017