The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Tag: Private Banking
Asia’s wealth business `rationalisation’ to continue
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.
Bank of Singapore to open PB services in Dubai
The bank intends to offer services including wealth planning advisory to its HNWI and UHNW clients in the Middle East.
Asia’s pool of liquid assets is set to grow
Rising levels of high net worth cash should give Asia’s private banks plenty of opportunities, says wealth management research firm.
China bank PB activity slows in 1H
Assets under management at the private banking units of 10 key mainland banks grew an average 13.5% in the first half of this year, after an explosive surge in 2015.
SFC: Hong Kong PB AUM rises sharply
Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
China’s PBs grow AUM as global banks slow
Asia-based private banks grew AUM 17% on average last year versus a 1% drop globally, according to a recent report by Scorpio Partnership.
Thai bank signs Singapore pact to train RMs
Siam Commercial Bank has partnered with the Singapore-based Wealth Management Institute to address rising demand for RMs.
Credit Suisse launches PB app in Hong Kong
After rolling out a wealth management app in Singapore, the bank has introduced it in Hong Kong with Chinese language.
China’s banks seek Hong Kong WM operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland HNWIs, industry players said.