Wealth Management

Wealth management

2010 2009 2008 2007 2006 2005 2004 2003

Wealth managers bulk up on senior China bankers

25 Aug 2010 Market move, Private banking
HSBC Private Bank has hired at least three senior relationship managers for its China team this year, asiamoney.com can confirm. It comes amid a spate of high-level job-hopping in 2010 among private bankers focusing on China.
UBS adds to Aussie client team in country build-out

24 Aug 2010 Market move, Private banking
The Swiss institution’s private bank arm has hired Anne Flockart and Veronika Dlouha to bolster its client relationship team based in Sydney. UBS says it sees Australia as a growing market for private banking assets.
Citi hires Hodes and aims to expand investment division

20 Aug 2010 Market move, Private banking
The bank named Paul Hodes as Asia-Pacific head of traditional managed investment products for wealth management in a newly created role. It is seeking to expand its 175-strong investment products team in the region.
UBS Wealth Management hires India desk head

19 Aug 2010 Market move, Private banking
The Swiss firm has appointed Jaya Jayaram from Deutsche Bank Private Wealth Management as head of its India desk based in Hong Kong. She replaces Jagdish Upadhyaya, who is taking up another role within the bank.
EFG Bank lures Chien from UBS Wealth Management

18 Aug 2010 Market move, Private banking
The private banking subsidiary of Swiss firm EFG International has recruited Adeline Chien from UBS Wealth Management to focus on growing its Greater China business. The bank is eyeing ambitious growth in Asia private banking.
Plug into renewable energy opportunities: Sarasin

12 Aug 2010 Commodities, Energy, Private banking
The Swiss private bank is anticipating a boom in government spending on renewable energy over the next few years, especially in Asia. It is urging investors to capitalise on opportunities to buy into companies in line to benefit.
Bank of Singapore adds Indonesia team

11 Aug 2010 Market move, Private banking
The private bank has hired industry veteran Larry Leong and a team of five from DBS Private Bank for its Indonesia team, which now boasts 30 bankers. It comes at the latest in a string of hires by the firm, and more are expected.
ABN Amro bolsters Asia private banking team

07 Aug 2010 Market move, Private banking
The Dutch firm has appointed Jimmy Kee from Standard Chartered as its market manager for Singapore and Malaysia in what is a new role. It follows several key additions this year, including Mark Chan and Arjan de Boer.
Bank of Singapore adds new business heads

04 Aug 2010 Market move, Private banking
The firm has hired former Australian government policy adviser Jan Lee as its chief economist and Alistair Marsh as head of trading advisory and product development. It is seeking to strengthen its proprietary research and open architecture platform.
Esther Heer named deputy CEO of BSI Asia

03 Aug 2010 Market move, Private banking
Swiss boutique BSI announced two more hires from RBS Coutts in a continued Asia expansion. Heer is named deputy CEO of BSI Asia and CEO of BSI Investment Advisors (Hong Kong), while Ciro Ahmad is named deputy COO of BSI Investment Advisors (Hong Kong).
Sarasin tips renminbi reform to boost Asia bonds

02 Aug 2010 Bonds, Private banking
Shorter-dated emerging market bonds and currencies are expected to benefit from recent reforms to China’s currency exchange rate regime, according to the Swiss private bank.
DBS eyes Asian asset allocation strategy with CIO hire

30 Jul 2010 Market move, Private banking
The bank has named Lim Say Boon from StanChart as chief investment officer for wealth management in a new role. He has been tasked with setting up a senior committee that provides a global investment strategy with an Asian bias.
Credit Suisse hires China trio from Citi Private Bank

28 Jul 2010 Market move, Private banking
It has appointed Andrew Tung as managing director and John Mo and Wilson Lee as directors to boost its China team. The trio opted to leave Citi Private Bank following Rudolf Hitsch’s arrival from Goldman Sachs.
Hong Kong population Asia’s most affluent, says HSBC

13 Jul 2010 Stock & exchange, Bonds, Private banking
A survey commissioned by the UK-headquartered bank says that the city’s affluent people are on average the wealthiest in Asia, but that Taiwan’s well-to-do are the most vigorous investors in equities.
BSI’s Brunner plans private banking revolution

05 Jul 2010 Interviews, Private banking
Hanspeter Brunner is settling into the final project of his private banking career: building BSI Bank into a competitive force in Asia. He has attracted a wealth of talent from his old employer and is now eyeing growth in Singapore and Hong Kong.
Macquarie Private Wealth Asia hires COO from DBS

05 Jul 2010 Market move, Private banking
The Australian firm hired Andrea Wong from DBS Private Bank to be chief operating officer for its regional wealth management business. She replaces Vivienne Chhoeu, who is moving internally into a business development role.
Pollard positive on RBS Coutts’ outlook

02 Jul 2010 Interviews, Private banking
RBS Coutt’s new Asia CEO Nick Pollard had barely taken in September 2009 over before 90 people left his Singapore office. But he has busily hired in the months since and now says he is confident that the bank can grow assets and customers.
Credit Suisse expands UHNW offering in Asia

02 Jul 2010 Market move, Private banking
The bank has added three senior staff to its Solution Partners team for UHNW clients in Asia-Pacific. One was an internal transfer and the others were external hires who have each worked at UBS Wealth Management.
Private Banking Poll 2010: results in full

02 Jul 2010 Polls & awards, Private banking
Asiamoney.com publishes its list of the best global private banks in Asia and the best within their own domestic market, as voted by respondents to our Private Banking Poll 2010. This is our sixth and largest ever such poll, with results based on 2,287 valid votes.
Deutsche PWM hires Strasser from Credit Suisse

28 Jun 2010 Market move, Private banking
The German bank’s private banking arm has appointed Michael Strasser from Credit Suisse as global south Asia director based in Zurich. The south Asian diaspora remains a key focus Deutsche Private Wealth Management as it looks to expand its coverage.
Asia's wealth managers look local for growth

25 Jun 2010 Polls & awards, Private banking
The financial crisis has made clients more risk averse and driven them to demand more of their advisers. In turn, this has forced houses to rethink their strategy, as winners in our Private Banking Poll 2010 attest.
Asia-Pacific drives global wealth recovery: report

23 Jun 2010 Nations & economies, Private banking
The region surpassed Europe for the first time in terms of wealth last year, with its high-net-worth population rising over 25% to three million and their net worth surging 30% to US$9.7 trillion, finds the World Wealth Report.
Invest in Asia's rising domestic consumption, says UBS

22 Jun 2010 Stock & exchange, Bonds, Private banking
Sustained levels of domestic consumption in Asia are expected to create interesting investment opportunities in equity and credit markets in the second half of this year. says UBS Wealth Management.
Deutsche to add 30 relationship managers in Asia

21 Jun 2010 Market move, Private banking
The bank is targeting 30 relationship managers to boost its Asia-Pacific private wealth management team in 2010, regional chief Ravi Raju revealed. The bank has added a dozen bankers in North Asia already this year, asiamoney.com can confirm.
UBS Wealth hires corporate advisory head

21 Jun 2010 Market move, Private banking
The Swiss bank has appointed Sen Chew Lua from BNP Paribas to be head of its Corporate Advisory Group in Singapore. UBS says it plans further hires in what it sees as a key segment for ultra-high-net-worth clients.
Private Banking Poll results: South Korea

21 Jun 2010 Polls & awards, Private banking
Asiamoney.com reveals the outstanding wealth management companies in South Korea, as voted for by high net worth individuals in our annual Private Banking Poll.
Private Banking Poll results: Malaysia

21 Jun 2010 Polls & awards, Private banking
Asiamoney.com reveals the outstanding wealth management companies in Malaysia, as voted for by high net worth individuals in our annual Private Banking Poll.
J.P. Morgan Private Bank names new Asia CEO

19 Jun 2010 Market move, Private banking
The US firm has announced the appointment of Andrew Cohen as CEO of its ultra-high-net-worth business in Asia-Pacific. He has led the private bank’s southern California business for four years and replaces Paul Scibetta, who will be transferred.
UBS sets sights on Asia’s domestic wealth markets

17 Jun 2010 Interviews, Private banking
In the second part of an in-depth interview, UBS Wealth Management’s Asia-Pacific CEO Kathryn Shih and Hong Kong chief Allen Lo discuss the potential for domestic growth and also defend the business against accusations of product pushing.
Sarasin snatches Damien Ng from Credit Suisse

17 Jun 2010 Market move, Private banking
The Swiss private bank hired Damien Ng as head of investment consulting at its Singapore subsidiary this week. He joined from Credit Suisse, although sources are divided over his reasons for joining.
Barclays Wealth urges barbell investment strategy

11 Jun 2010 Asset management
The wealth arm of the UK’s Barclays Bank is advocating portfolio insurance against short-term volatility, going long on equities and at the same time holding US Treasuries and long-volatility positions.
Risk appetite rebounding among India’s wealthy

11 Jun 2010 Asset management, Private banking
High-net-worth individuals have regained their risk appetite more noticeably in India than the rest of Asia, possibly because of increased sophistication, a survey finds. But confidence there was also hit harder by the crisis in the first place.
Clariden Leu continues Deutsche raid

01 Jun 2010 Market move, Private banking
The Swiss bank confirms more senior hires as it seeks to strengthen its position in the region’s wealth markets. It enhances Asia CEO Jimmy Lee’s record of raiding his former employer, Deustche Bank Wealth Management.
Bank of Singapore to hire 20 more, says de Guzman

27 May 2010 Interviews, Private banking
The newly integrated private bank has hired 70 staff already in 2010 and is on target to add up to 20 more before the year’s end, CEO Renato de Guzman says. He highlights the institution’s appeal and the strength of its capital position.
ANZ aims to gain affluent Japanese clients

26 May 2010 Interviews, Private banking
The Australian bank is striving to double its retail wealth management business for affluent clients in Japan over the next three years, its country CEO Robert Bell says. He is looking to hire and hopes to offer more products with an Asian flavour.
Credit Suisse private banking reshuffle sparks confusion

25 May 2010 Private banking
The recent move to a flat structure in the firm’s Asia private banking business was met with surprise internally and confusion externally, asiamoney.com can reveal. The reasons for the shift have not been announced, but that does not stop the market speculating about it.
Resignation-ravaged RBS Coutts reveals more hires

24 May 2010 Market move, Private banking
The international private bank has just appointed Ranjit Khanna to be market head of non-resident Indian (NRI) and South Asian business, and Nancy Lee as Asia head of human resources. private bank. More should follow, following a spate of resignations from the firm.
Merrill Lynch signs south-east Asia wealth head

24 May 2010 Market move, Private banking
Merrill Lynch Wealth Management has hired Lim Eng Guan as head of global wealth and investment management south-east Asia. He is set to join on July 1 as a managing director, effectively as a replacement for Kong Eng Huat.
Opinion: reality bites in Asia private banking

19 May 2010 Editorial, Private banking
Institutions with Asian aspirations have been bragging about plans to bulk up with bankers. But the only way they can meet this requirements is to hire droves of inexperienced staff. Such ambitions reveal a lot about the sales-driven nature of wealth management today.
Tax amnesties hold little fear for Asia, says Datamonitor

18 May 2010 Asset management, Private banking
Offshore financial centres in Asia are unlikely to be hurt by tax amnesties imposed in the US and Europe because of the diversity of their client base, says Datamonitor. Plus, the excellence of these centres means they are always likely to attract funds.
ANZ Private Bank hires Suen in Hong Kong

17 May 2010 Market move, Private banking
The bank confirms the appointment of Samuel Suen as head of north and north-east Asia after asiamoney.com enquiries. He is set to start on May 24 in Hong Kong and succeeds Craig Burgess, who relocates to Singapore.
UBS dominates Private Banking Poll 2010

17 May 2010 Polls & awards, Private banking
The Swiss bank takes top honours for all three main categories of Asiamoney’s largest Private Banking Poll. Deutsche, BNP Paribas, Maybank and Citi also did well.
Future wealth managers wanted for training, says UBS

17 May 2010 Private banking
The Swiss bank is inviting applications for its 2010 wealth management associate programme in Asia-Pacific. The stated goal of the scheme is to develop and enhance the standards of the region’s wealth management talent pool.
Julius Baer bulks up south-east Asia business

13 May 2010 Market move, Private banking
The firm has hired 11 senior relationship managers, product and advisory specialists within its south-east Asia business from a variety of institutions. Given back-off support, the overall net addition is about two dozen staff.
Hsin joins CCB (Asia) as head of private banking

11 May 2010 Market move, Private banking
Ex-HSBC Private Bank deputy Yvonne Hsin has returned after a two-year absence as CCB (Asia)’s head of private banking, based in Hong Kong. She is tasked with building its wealth management platform from scratch.
Rothschild targets Asia expansion after senior hires

10 May 2010 Market move, Private banking
The Swiss private bank has appointed Peter Amandini as chief investment officer and Raymond Lee as chief operating officer in Hong Kong. The firm is in the process of applying to upgrade its rep office status with authorities.
Esther Heer quits RBS Coutts in Hong Kong

10 May 2010 Market move, Private banking
The long-standing head of private banking for North Asia, Esther Heer, left RBS Coutts last week, asiamoney.com can confirm. Although her destination is unknown, it will be a body blow to the bank and raise fears of an exodus.
Sarasin sees turning point in sustainable investment

06 May 2010 Stock & exchange, Private banking
Researchers identified a universe of sustainable stocks in emerging markets that saw a 409% rise in value over the past decade. They say a transition to responsible growth in developing nations is taking place, especially in China.
Deutsche Bank PWM replaces wealth planners

04 May 2010 Asset management, Market move, Private banking
The firm’s wealth management division has hired Teddy Chu and Andrew Chan from HSBC Private Bank to cover wealth planning for North Asia. It notes there is a huge generational transfer of wealth going on in Asia now.
Citi Private Bank hires new China head

29 Apr 2010 Market move, Private banking
The bank’s private wealth management division has hired Goldman Sachs veteran Rudolf Hitsch to be its global market manager for China. He started as a managing director in Hong Kong this week.
Asian hedge fund managers lead global pack

26 Apr 2010 Hedge funds
Asia ex-Japan managers delivered 3.3% returns in March, finds Eurekahedge. The industry also saw capital inflow amid growing confidence in the economic recovery, with investors preferring the diversity of multi-strategy funds.
Barclays Wealth hires Henning from StanChart

26 Apr 2010 Market move, Private banking
Bryan Henning has joined Barclays Wealth as Asia head of global research and investments. He had previously worked at Standard Chartered for 15 years, most recently as global product head for wealth management.
Differentiation seen as top test for wealth managers

19 Apr 2010 Stock & exchange, Structured products, Bonds, Foreign exchange, Asset management, Private banking
Standing out from the competition and adapting to a changing regulatory environment are viewed as the most pressing challenges facing the wealth management industry today, finds a new survey by Barclays Capital.
Sarasin warns of major equity market setback

14 Apr 2010 Stock & exchange, Nations & economies, Commodities, Bonds, Private banking
The bank believes the global economic recovery cycle has reached its peak and equity investors should take profits and reduce positions. It reckons the focus for the second quarter of 2010 will be high-quality corporate bonds.
BarCap designs ‘protected’ equity-linked fund

13 Apr 2010 Stock & exchange, Asset management, Private banking
The investment banking arm of Barclays has launched a fund in Australia that invests in global equity markets via a basket of ETFs. It is designed to guard against bear market losses in response to increased investor caution.
Marques quits Deutsche PWM to join UBS

13 Apr 2010 Market move, Private banking
Senior investment adviser Ricardo Marques has quit Deutsche Bank Private Wealth Management to join UBS’s south Asia team. It is understood he has already been replaced at Deutsche, who have also hired Jeffrey Tai from J.P. Morgan.
Hedge funds extend global revival

12 Apr 2010 Hedge funds
After a slow start to the year, hedge funds witnessed positive results across all regions and strategies in March. Emerging market funds led the way, while distressed debt and long/short equity strategies outperformed, notes Eurekahedge.
Citi optimistic over Bric commodities index

11 Apr 2010 Stock & exchange, Commodities
The bank has introduced an index designed to provide exposure to Bric commodity consumption trends. It should appeal to retail and high-net-worth investors in Asia, says Citi’s head of commodity investor products Iain Armitage.
Barclays Wealth adds another senior UBS banker

09 Apr 2010 Market move, Private banking
The wealth arm of the UK’s Barclays Bank has hired Helen Pun as market head for Hong Kong in a newly created role. She takes over direct market responsibilities from Joanna Chu and is the firm’s latest hire from UBS.
DBS hires Tan as head of private banking

08 Apr 2010 Market move, Private banking
The bank names Tan Su Shan as managing director and head of private banking, including asset management. She had been head of private wealth management for south-east Asia at Morgan Stanley, having only rejoined the US firm in May 2008.
BSI aims to be ‘most admired private bank in Asia’

07 Apr 2010 Market move, Private banking
Hanspeter Brunner, CEO of BSI Bank Ltd Singapore, is looking for relationship managers and operational staff and says his aim is to have the most admired private bank in Asia. It comes as the group unveils 2009 results.
Banks jockey for Indian wealth management growth

31 Mar 2010 Private banking
RBS named a new market head for the western region of its Indian private banking business as it aims to grow assets under management by 30% in the next five years. It follows a stake sale in a JV by DBS India as it focuses more on the country’s wealth market.
ABN Amro sees revolution for Asia corporate bonds

31 Mar 2010 Bonds, Asset management, Private banking
Didier Duret, CIO for ABN Amro’s private banking arm, says the corporate bond market in Asia is getting deeper and represents good value. He also urges investors to take note of the ascent of a new middle class in fast developing countries.
SocGen Private Banking hires Asean head

30 Mar 2010 Private banking
Société Générale has appointed Benedikt Maissen as managing director and head of Asean for its private banking arm. Maissen quit Barclays Wealth late last year after the UK-based firm hired Srinivas Siripurapu as head of south-east Asia and south Asia.
Clariden Leu’s Lee rubbishes quit rumour

29 Mar 2010 Interviews, Market move, Private banking
The Swiss private bank’s Asia CEO, Jimmy Lee, gives short shrift to rumours that he had quit the firm. He says he heavily engaged in building a project that he sees bearing fruit within the next two years.
ABN Amro names HK head in historic week

29 Mar 2010 Private banking
The Dutch-based firm has appointed Arjan de Boer as head of private banking in Hong Kong, taking over from Hans Diederen, who remains its Asia head of private banking. It comes as the business readies for separation and independent state ownership.
Credit Suisse appoints new head of investments

28 Mar 2010 Private banking
The bank names Chuck Ng as head of investment solutions for its private banking business in North Asia. He takes on the responsibilities in addition to his current role and is understood not to be a direct replacement for the recently-departed Lionel Kwok.
De Guzman aims to double Bank of Singapore assets

26 Mar 2010 Interviews, Private banking
Renato de Guzman, CEO for Bank of Singapore, tells asiamoney.com he wants to double the firm’s asset base and recruit more private bankers to build up its presence in the region and beyond.
Asian debt markets appeal to State Street

19 Mar 2010 Bonds, Asset management
At a media roundtable in Hong Kong, Bill Street of State Street Global Advisors identified what he sees as a structural shift among large institutions towards the strong fundamentals of Asia’s debt markets.
Barclays Wealth downplays Asia inflation fears

19 Mar 2010 Stock & exchange, Real estate, Nations & economies, Commodities, Research report
The firm’s Asia strategist Manpreet Gill predicts the rise in headline inflation in Asia will be moderate. Investors should gain selective exposure to corporate earnings, Asian economic growth and the best active managers.
Sarasin unveils ‘historic’ HK branch

18 Mar 2010 Private banking
The Swiss private bank has launched a full-service branch in Hong Kong, its first international branch outside of Switzerland. Its Swiss chief executive brands it a historic moment, demonstrating its commitment to Asia.
Global growth, stock rebounds forecast to be weak

17 Mar 2010 Stock & exchange, Bonds, Foreign exchange, Private banking
The global economic recovery has moved into mid-cycle, so short-term interest rates are likely to remain low and inflation muted, says Barclays Wealth. It recommends investing in risky assets where there is growth.
Inflation seen to remain subdued in Asia

16 Mar 2010 Stock & exchange, Nations & economies, Commodities, Foreign exchange, Research report
Julius Baer’s CIO, V. Anantha Nageswaran, has faith in the proactiveness of Asian policymakers to tackle inflation threats. Still, he advises clients to hedge their bets on currency appreciation, commodities and precious metals.
China rate hikes forecast in third quarter

15 Mar 2010 Nations & economies, Commodities, Research report, Private banking
Analysts at Citi are forecasting a 3.7% year-on-year rise in China consumer price inflation for 2010, triggering likely rate hikes beginning in the third quarter. Andrew Barrett, head of equities for the bank's Asia-Pacific wealth management division, offers his views.
Fund managers favour emerging market equities

15 Mar 2010 Stock & exchange, Bonds, Asset management
The majority of respondents to an HSBC fund managers survey say they are bullish on Greater China equities above all else in the first quarter of this year. More than half are overweight on North American equities.
HSBC Private Bank backs inflation hedges

12 Mar 2010 Stock & exchange, Real estate, Nations & economies, Bonds, Research report
The private bank’s Asia head of investment strategy, Arjuna Mahendran, notes that while inflation at the consumer price level is yet to become a global phenomenon, he is advising clients to build long-term hedges into their portfolios.
Investment head Kwok quits Credit Suisse

12 Mar 2010 Structured products, Market move, Private banking
Veteran banker Lionel Kwok resigned this week as head of investments for North Asia at Credit Suisse. Although his destination could not be confirmed, his resignation comes immediately after an internal reshuffle at the bank.
Julius Baer CIO pinpoints three key topics

11 Mar 2010 Stock & exchange, Interviews, Commodities, Foreign exchange, Private banking
Van Anantha-Nageswaran, Bank Julius Baer's CIO, is advising clients to target Asian currency appreciation, agricultural commodities and Thai equities in 2010. He explains his thinking in an interview with asiamoney.com.
Strategist dampens fears of inflation

11 Mar 2010 Nations & economies, Commodities, Research report
Christian Nolting, Asia-Pacific lead strategist for Deutsche Bank Private Wealth Management, says that rising commodity prices could push up headline inflation rates, but that core rates will remain at a low level.
Wealth manager BSI launches Asia blitz

09 Mar 2010 Market move, Private banking
The Switzerland-based firm says it is launching a new initiative to expand its business in Asia. It is timed to coincide with the official start of Hanspeter Brunner as CEO of BSI Bank Ltd Singapore.
Julius Baer names south-east Asia head

08 Mar 2010 Market move, Private banking
The firm has appointed David Lim as private banking head for south-east Asia. He succeeds Wilfred Kofmehl, who steps down to focus on key client relationships. Asiamoney.com interviews regional CEO Thomas Meier on the move and the bank's growth plans.
Wealth management merry-go-round: Asia update

08 Mar 2010 Market move, Private banking
Hiring activity has been rampant in Asia’s wealth management markets over the past six months. Asiamoney.com sums up the key industry moves.
RBS Coutts moves global joint CIO to Asia

03 Mar 2010 Market move, Private banking
The international private banking arm of the Royal Bank of Scotland said it had relocated global co-chief investment officer Nick Cringle to Hong Kong. Manfred Liechti also started in Singapore this week as its market head for south-east Asia.
Marcel Kreis eyes 20% growth in net new assets

02 Mar 2010 M&A, Nations & economies, Private banking
The head of Credit Suisse’s Asia-Pacific private banking business says he wants to grow regional net new assets up to 20% per annum over the next three years. He has faith in the region, but also in the bank’s Swiss home market.
Credit Suisse in Asia private banking reshuffle

01 Mar 2010 Market move, Private banking
The bank names Werner Schlossmacher head of investment solutions for south-east Asia and Australasia in a reshuffle, adding to his role as head of structured derivatives. He succeeds Christian Senn as the bank pushes into the ultra-high-net-worth segment.
Investors alerted to 27 great brands of tomorrow

26 Feb 2010 Stock & exchange, Broking
Credit Suisse researchers have identified brand stocks across sectors and geographies that they believe will outperform the market over the next three-to-five years, and Asia-Pacific names feature prominently on their list.
Headhunters Poll 2010: full results revealed

25 Feb 2010 M&A, Stock & exchange, Hedge funds, Private equity, Structured products, Investment banking, Bonds, Broking, Polls & awards, Private banking
Asiamoney’s Headhunters Poll 2010 saw some familiar favourites interspersed with new faces rising to the top. We reveal the top recruiters of the past year as voted for by poll respondents, and consider the prospects for 2010.
Analysts predict upturn for hedge fund industry

24 Feb 2010 Hedge funds, Asset management
Eurekahedge analysts are conservatively predicting a 12% increase in global industry AUM as the sharp change in market conditions from mid-January prompts more investors to seek greater downside protection.
Investors warned of repeating hedge fund mistakes

23 Feb 2010 Hedge funds, Asset management
Investment consultant Aongus O’Gorman is sceptical that investors have learned the lessons of the financial crisis as the market makes a cautious return to hedge funds.
ANZ hires private banking head in Singapore

19 Feb 2010 Market move, Private banking
The firm has hired Jens Rzesacz as head of its private bank for south and south-east Asia. He returns to the market after a year following his departure last February from Deutsche Bank Private Wealth Management.
StanChart Private Bank makes senior North Asia hires

19 Feb 2010 Market move, Private banking
Standard Chartered Private Bank has appointed Stella Kong as head of relationship management for China, and Trevor Mak as head of relationship management for Hong Kong, asiamoney.com can reveal. Both started this week.
Julius Baer hires IT head in Singapore

18 Feb 2010 Market move, Private banking
The private bank announces the appointment of Eddy Tai as head of information technology for Asia and the Middle East. It said that the move signified the importance of the city-state as a hub to propel its regional growth.
Fund manager promotes high-yield debt, currencies

06 Feb 2010 Bonds, Foreign exchange, Asset management
Rajeev De Mello of Western Asset Management believes companies will take advantage of the fact that absolute yield levels in the high-yield debt market are very low. He also highlights opportunities with some Asian currencies.
BoA-ML names India wealth management heads

05 Feb 2010 Asset management, Market move, Private banking
The bank has named Pradeep Dokania as chairman of global wealth and investment management India in a new role. He is replaced by Atul Singh as head of India advisory as the bank strives to expand in the country.
RBS Coutts hires SE Asia market head from UBS

05 Feb 2010 Market move, Private banking
The international private banking arm of RBS has hired Manfred Liechti from UBS as market head for south-east Asia in Singapore. The firm has added over 60 staff in Singapore and Hong Kong since suffering an exodus.
HSBC targets growth in Asia asset management

04 Feb 2010 Asset management, Market move
The bank has hired Julie Koo as regional head of institutional sales as part of an expansion drive. It is seeking to build its team of 15 to 20 to capture institutional business, particularly in Japan and Taiwan.
Deutsche sees 2010 corrections as buying opportunities

02 Feb 2010 Stock & exchange, Energy, Bonds, Foreign exchange, Asset management, Private banking
The bank’s wealth management team is advising clients to be dynamic in asset allocation. It believes the global economy is strong enough to withstand a withdrawal of government stimuli, and urges investors to seize on market dips.
Senior China banker in split with Sarasin-Rabo

29 Jan 2010 Market move, Private banking
Stella Kong has parted company with Sarasin-Rabo in acrimonious circumstances, asiamoney.com has learned. She had spent almost two years as its vice-chairwoman, Greater China, and is now rumoured to be joining Standard Chartered.
ING’s asset management arm names Asian CIO

29 Jan 2010 Asset management, Market move
ING Investment Management has promoted Pranay Gupta as chief investment officer for Asia-Pacific, based in Hong Kong. The asset manager falls under the insurance group of businesses that ING has vowed to divest by 2013.
OCBC aims to extend private banking reach

29 Jan 2010 M&A, Private banking
OCBC unveils its Bank of Singapore wealth management entity following acquisition of the Asian private banking assets of ING. Its CEO David Conner is hoping to infiltrate new markets such as the Middle East and Europe.
Bankers see investor shift towards commodities

27 Jan 2010 Stock & exchange, Structured products, Nations & economies, Commodities, Private banking
Emerging market economies offered strong returns last year, but bankers are touting commodities as a potential trend for 2010. Given the likelihood of price volatility and seasonality, they expect investor education lies in store.
Citi strategists see the value of health care

26 Jan 2010 Stock & exchange, Nations & economies, Commodities, Foreign exchange
The US bank is advising clients to seize on opportunities in the health-care sector on the back of structural changes and long-term underperformance. It likes global real estate too, but points to potential risks in recovery.
US-based asset manager makes Hong Kong hire

25 Jan 2010 Asset management, Market move
American Century Investments named Elizabeth Trinh from Macquarie Bank as vice-president in its Hong Kong office. The firm is striving to build up its Asian presence.
BNP inks Taiwanese asset management JV

24 Jan 2010 Asset management, Market move
The asset management arm of BNP Paribas has signed a deal with Taiwan Cooperative Bank to form a joint-venture company. The match appears to be a promising one as the island’s financial markets continue to develop.
Barclays Wealth sees value in likely M&A trend

21 Jan 2010 M&A, Stock & exchange, Commodities, Foreign exchange
The wealth manager says the environment is ripe for M&A since firms with strong balance sheets can borrow at record low rates. It also sees value in non-cyclical equities, renminbi appreciation and shorting gold.
Wealth managers return to in-house products

20 Jan 2010 Stock & exchange, Bonds, Private banking
Private wealth management institutions increased aggregate allocation to in-house products to 40% last year, a rise of 12 percentage points, a survey has found. It comes as firms seek to bolster diminishing margins.
Regulatory regime tipped to alter hedge fund landscape

19 Jan 2010 Stock & exchange, Hedge funds, Nations & economies, Asset management
Stringent regulatory requirements could make hedge funds more expensive to manage and may force firms to change location. A research house has picked potential winners and losers among industry strategies this year.
India’s Avendus hires Kapadia as private wealth head

19 Jan 2010 Market move, Private banking
Financial services firm Avendus Capital has appointed Nikhil Kapadia from Deutsche Bank to be chief executive of its private wealth management business. He returns to Mumbai after less than a year in Singapore.
Veteran Harvey set for Credit Suisse return

19 Jan 2010 Asset management, Market move
The firm has appointed its former investment banking head Neil Harvey as managing director in charge of Asia-Pacific and emerging markets globally for its asset management business, effective from February 1.
Credit Suisse highlights the merits of going green

18 Jan 2010 Stock & exchange, Energy, Private banking
Its private banking division has established a research institute to identify big picture trends shaping the future. Highlighting appealing valuations, it makes a compelling argument for making renewable energy investments.
LGT urges equity investors to wait for Fed action

14 Jan 2010 Stock & exchange, Commodities, Bonds, Foreign exchange, Private banking
The wealth manager advises clients to stay fully invested in equities as governments and central banks will do whatever is necessary to avoid a deflationary or double-dip scenario. It doesn't expect the Fed to tighten in 2010.
StanChart Private Bank appoints global head of trust

13 Jan 2010 Market move, Private banking
Standard Chartered Private Bank has named Mark Jackman as global head of its trust and fiduciary business. Previously he was Asia head for Rothschild Private Banking & Trust.
UBS Wealth Management hires Vinay Gandhi

12 Jan 2010 Market move, Private banking
The Swiss bank has appointed Vinay Gandhi to run its non-resident Indian business out of Singapore. He joins after a very short stint at J.P. Morgan Private Bank, which only announced his hire last November.
J.P. Morgan Private Bank to relocate global head to Asia

12 Jan 2010 Market move, Private banking
Doug Wurth is set to relocate from New York to Hong Kong as head of international private banking for J.P. Morgan. The move follows an unsettling period for the US private bank, which has had several regional departures.
Julius Baer picks up Lee from UBS in Singapore

11 Jan 2010 Market move, Private banking
The Swiss wealth manager announces the appointment of Lee Boon Keng as managing director and joint-head of its investment solutions group in Singapore. He came from UBS, where he worked for just three months.
UBS names Marx as country team head in Singapore

08 Jan 2010 Market move, Private banking
The Swiss bank has hired Reto Marx as country team head for south Asia ultra-high-net-worth business in Singapore. He starts in May, having parted company with Sarasin in October as its south-east Asia head.
Credit Suisse Private Banking outlines 2010 upside

07 Jan 2010 Stock & exchange, Nations & economies, Commodities, Private banking
The division is retaining an overweight on non-Japan equities, with indices in China, Hong Kong, Taiwan and South Korea offering the most potential. It also expects the renminbi to appreciate up to 5% during the year.
Stay invested during quiet first quarter, urges HSBC

06 Jan 2010 Stock & exchange, Commodities, Energy, Bonds, Foreign exchange, Private banking
Arjuna Mahendran, Asia head of investment strategy for HSBC Private Bank, sees 2010 as a year of three halves: a quiet first quarter followed by a potential bull-run and then renewed tightening by central banks at the end.

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