The BOS purchase of Barclays’ assets has completed, but it is only one of several wealth management acquisitions in Asia as the trend toward scale continues, according to Mark Wightman, EY’s Singapore-based partner for wealth and management advisory.
Tag: Barclays
JPMorgan chops Asia wealth management workforce by 5%
JPMorgan Chase has cut around 30 jobs at its Asian wealth management businesses in Hong Kong and Singapore, as the US bank increases its focus on a smaller pool of wealthier clients.
OCBC to buy Asia WM business of Barclays
After much speculation, the acquisition has been announced and it will be done via OCBC’s wholly-owned private banking unit Bank of Singapore.
Asia targeted in Barclays staff cuts
British bank Barclays has announced its investment banking arm is to close offices in nine countries across Asia, the Americas and EMEA.
SCB plucks Barclays banker for private banking head
Standard Chartered Bank (SCB) has named former Barclays banker Didier von Daeniken as its global head of private banking and wealth management, in its latest attempt to streamline its management structure.
Report: Barclays wants to sell Asian WM unit
The UK-based bank is exploring the sale of the Asia unit amid declining revenue for its global wealth management business, according to reports.
BNP Paribas WM names NRI business head
Singh joins the firm from JP Morgan Private Bank, where he worked as executive director. He has about 20 years of experience in the wealth management industry and has previously worked with Barclays Wealth, HSBC Bank and ABN AMRO Private Bank. Singh is responsible for building and managing a team of relationship managers serving the […]
Barclays exit wealth management from 130 countries
Barclays is to reduce the number of markets in which it provides wealth management and investment services from around 200 to 70 by the end of 2016 in a bid to “reduce the complexity” in its business and stick with the markets that it claims still hold over 80% of the world’s wealth.
