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United Overseas Bank (UOB) Private Bank has announced the appointment of Dennis Hong to the position of Regional Market Head for Greater China and North Asia, commencing in September 2026. This decision aligns with UOB’s ongoing plan to fortify its wealth…
Geopolitical uncertainties, economic recession concerns, and increasing skepticism around the supremacy of the U.S. dollar are leading to a shift in the investment strategies of affluent families globally. The new Global Family Office Report from UBS reveals…
A former manager of DBS Bank, Singapore’s most prominent financial institution, who swindled seven individuals out of nearly SGD1.4 million (US$1.09 million), including his own uncle, has been handed down a six-and-a-half-year prison sentence. Benjamin Chung…
HSBC Private Bank recently revealed the induction of Edward Chiu as the Market Head for Onshore Taiwan, effective from June 1, 2026. This is part of their strategy to fortify their onshore operations in Taiwan. Edward Chiu brings over two decades of exemplary…
United Overseas Bank (UOB) Private Bank has announced the appointment of seasoned banker Paul Zhou as the Market Head for Greater China. This strategic move is aimed at accelerating the bank’s expansion plans in one of Asia’s most fiercely contested wealth…
The Oversea-Chinese Banking Corporation (OCBC) has announced plans to bolster its wealth-management staff in Hong Kong by 30% this year. This move is a strategic reaction to an increasing demand from its clientele for investment and financing services.…
HSBC Holdings Plc recently announced financial results that fell short of projections, impacted by unexpected fraud-related charges in the UK and escalating economic uncertainties due to the Middle East conflict. Financial Outcome Below Expectations In the…
In a strategic move to bolster its foothold in Southeast Asia’s most significant economy, OCBC has entered into an agreement to procure HSBC’s retail banking and wealth management operations based in Indonesia. The Acquisition Details OCBC’s Indonesian…
In an endeavor to support consumers during a time of economic uncertainty and surging expenses, DBS Singapore has announced the provision of S$10 million (US$7.8 million) in cashback redemptions. These will be available for DBS and POSB cardholders, as well…
Despite a decline in profits, the average earnings of employees at HSBC Vietnam increased by 6.6% to VND925 million (US $35,100) in the previous year. This expenditure on salaries and bonuses for its 1400-strong workforce amounted to around VND1.3 trillion,…
The Bank of Singapore has announced the appointment of Vi Sun Yang, a seasoned wealth management professional, as the Head of Private Banking for the ASEAN region. Yang, who previously served at Julius Bär and UBS, will assume her new role from June 29, 2026.…
Swiss investment company, Vontobel, has announced its plan to establish a new office in Düsseldorf in 2026. This new branch will further assert their position in Germany, with a particular focus on high-net-worth individuals (HNWIs) and family offices in…
Since October of the previous year, Daniel Calado, the CFO, has been temporarily guiding HSBC Swiss Private Bank. However, as of the 27th of April, Alfonso Gómez will assume the role of CEO. Gómez has spent over three decades with the Spanish banking…
As the conflict in the Middle East escalates, DBS, a Singapore-based bank, is observing a significant rise in safe haven flows, leading to an increase in deposit growth. However, this development could also lead to a downward trend in Singapore’s interest…
A report by HSBC Life reveals that a significant percentage of Asian high net worth individuals (HNWIs) do not have legacy plans in place, thereby exposing substantial wealth to potential vulnerabilities. This lack of planning is especially prevalent among…
Sygnum, a regulated digital asset bank, was conceived with a dual vision between Singapore and Switzerland. Gerald Goh, co-founder and CEO of Sygnum Asia-Pacific, has been a key player in establishing this transcontinental structure since 2017. Even with the…
