Private banking

Volatility pushing the wealthy to focus on risk, succession: HSBC’s Tommy Leung

The shift is especially evident among business owners, whose wealth remains tied to their operating countries

A relationship manager who knows what an AI-generated investment recommendation cannot do is far more valuable than one who simply passes it along to clients.
THE WEALTH CODE

AI is rewriting private bankers’ job description

They need to understand the technology, know the guard rails that govern it, and preserve the human judgment that neither can replace

Group head of DBS Private Bank Joseph Poon (4th from right) at the Euromoney award ceremony.

Innovating and disrupting itself is what helped DBS win award for world’s best private bank

DBS is the first Asia-headquartered bank to land this recognition from Euromoney

A potential inflow of wealth from the Middle East could help Singapore's banking trio as interest rates soften and net interest margins inevitably face compression this year.
HOCK LOCK SIEW

DBS, OCBC, UOB could benefit as the Middle East’s ultra-rich relook where to park their billions

The three local lenders have all spent years expanding their private banking capabilities to capture a growth in global wealth flows

Albert Chiu, EFG's executive chairman (Apac), says that the Swiss private bank's Asia-Pacific clients have been surprisingly resilient and adaptable.

Apac to lead Swiss private bank EFG’s growth; region contributes 25% of AUM

Hong Kong remains a core market with an established wealth ecosystem and its position as a gateway to China

Smoke rising in Doha on Mar 1 after Iranian missile attacks. Airports, embassies, ports and hotels in several US-allied Gulf states have been struck by Teheran in retaliation.

Gulf wealth clients staying put for now, but Singapore may see inflows if conflict persists

Hubs such as Dubai and Abu Dhabi are expected to remain resilient due to economic opportunities and infrastructure, say industry players

Lim Leong Guan, global head of financial intermediaries, family office and wealth advisory at BOS, says financial intermediaries face a dual challenge.

Intermediaries see shift to fixed income ahead of rate cuts, eye new markets for growth: BOS survey

Alternative investments and exchange-traded funds are also expected to see more demand

Ken Sze, head of investments, Asia, Barclays Private Bank.
SPONSORED

Beyond the dollar: Rethinking the US-heavy portfolio

What are actionable diversification strategies—including European value, high-grade Emerging Market debt, and non-US innovation—to employ as investors go "beyond USD"?

UBP chief executive Guy de Picciotto says the bank's Asia business has doubled over the past 10 years.

Private bank UBP rolls out VCC fund with S$200 million in commitments

The fund will invest in fixed-income strategies; a second fund to be launched next year will invest in a hedge fund of funds