A majority of client assets go to just a handful of funds that are marketed by private banks at a given point in time, according to Roger Bacon, Citi Private Bank’s head of investments for Asia-Pacific.
Tag: Citi Private Bank
Citi: Clients taking beta off the table
The long bull run has led to increasing client interest in alternatives, according to Adam Proctor, head of managed investments and advisory in Asia-Pacific for Citi Private Bank.
BNPP Wealth poaches Citi forex veteran
BNP Paribas Wealth Management has appointed Shafali Sachdev as head of forex advisory and execution for Asia-Pacific.
Citi PB: China’s managed defaults will not spread
In the face of dire warnings, China appears to be managing its corporate defaults, said Bassam Salem, CEO for Asia-Pacific at Citi Private Bank, and a stronger RMB has prompted the bank to reverse its stance on dim sum bonds.
Private banking clients turn to ETFs
Exchange-traded funds (ETFs) are becoming clients’ tool of choice to gain targeted exposure to equity sectors, said Adam Cowperthwaite, Asia Pacific head of equity at Citi Private Bank.
Robo advice not for HNW, says Citi
Asia’s wealth and asset managers weighed in on tech developments that are expected to impact the industry during a panel discussion at Fund Forum Asia 2017 in Hong Kong.
Citi PB promotes Bacon to head of investments
In two internal appointments, Roger Bacon will take over as head of investments for APAC and Adam Proctor will succeed him as head of managed investments and advisory for APAC at Citi Private Bank in Hong Kong.
Is 50/50 the right management fee split?
Asset managers and distributors in Asia used to split the annual management charge, but over the last couple years the distribution side has been getting more than half. What is a fair split?
