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private banking
Hong Kong
Private banks boost Hong Kong hiring to woo rich Chinese clients
Hong Kong has been rolling out the red carpet for family offices and the wealthy with tax concessions as well as residency plans.
December 16, 2024
Banking & finance
DBS hires private bankers for rich Russians as rivals baulk
The Singapore lender grew Russian-speaking team to at least nine, while some other financial firms stayed away on growing sanction risks.
December 03, 2024
Banking & finance
UBS looks to rich women after long Australian wealth hiatus
Among the fastest newcomers to the high-net-worth category are women and not-for-profits. Both have gone from “niche a couple of years ago and now are a huge opportunity”.
November 26, 2024
Banking & finance
Barclays to add Singapore as private bank booking centre by 2026
Barclays sold its wealth businesses in Singapore and Hong Kong to Oversea-Chinese Banking Corporation (OCBC) in 2016.
November 26, 2024
Wealth
DBS aiming for $500 billion in wealth AUM by end of 2026: Reuters
The bank aims to double the number of clients with at least $1 million by the end of 2026 too
June 12, 2024
New appointments
Franklin Templeton appoints Gaurav Bathija as head of private banks and family offices
The new appointment is amid Asia’s rising prosperity.
June 11, 2024
Wealth
Credit Suisse escalates fight over $1 billion award to former Georgian premier to Singapore's top court
Since the litigation began, Credit Suisse has been taken over by rival UBS Group AG.
April 08, 2024
Buybacks
UBS pledges US$2 billion of share buybacks over next two years
The bank confirmed previously announced plans to repurchase US$1 billion of shares this year
April 02, 2024
Company in the news
Lombard Odier’s Rochat flags 'strength in stress' business model amid industry shakeup
Lombard Odier’s current focus is to highlight its status as a solid banking partner.
March 30, 2023
Credit Suisse crisis
Are the ultra-rich ready for Singapore after Credit Suisse?
Whether those riches will benefit the banks this year remains an open question.
March 21, 2023