The bank has plucked a new global head of wealth management from Bank of Singapore to replace Didier von Daeniken.

The bank has plucked a new global head of wealth management from Bank of Singapore to replace Didier von Daeniken.
A tough Q4 has impacted the NYSE-listed Chinese wealth management firm.
Clients now have quick access to relationship managers as the bank embeds a personalised function in its wealth management app.
A combined unit will address “the entire spectrum of private wealth, from retail clients to ultra high net worth”.
The territory’s proximity to mainland China and its diverse product offerings continue to give Hong Kong an advantage over rival private wealth management (PWM) centers, according to a recent report.
The UK wealth manager aims to expand its share of the territory’s mass-affluent market to 15% in the next five years, according to its Hong Kong head.
Under the agreement, JP Morgan Asset Management (JPMAM) will be a “preferred product provider” to CMB Wealth Management (CMBWM), offering access to its offshore and onshore funds.
The Shanghai-based wealth management firm reported income dropped 50% in the third quarter due to factors including China’s slowing GDP.
Officials in China and Hong Kong want to bring borderless wealth management to cities in the Greater Bay Area.
The wealth management business at Credit Suisse, like at rival banks, has been the bright spot on the balance sheet.
Part of the Mark Allen Group.