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The Asia-Pacific region is becoming a major focus for Allianz Global Investors (Allianz GI) as global growth trends shift eastward. The firm’s CEO, Tobias C. Pross, asserts that Asia remains one of the few regions where structural growth opportunities are…
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…
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.…
In the first quarter, the Oversea-Chinese Banking Corporation Limited (OCBC) experienced a decline in its net interest income. However, this was counterbalanced by increases in wealth-led gains and higher fees, resulting in an overall rise in total income.…
BNP Paribas, the French multinational bank, has recently finished the restructuring of its Swiss operations, with a primary emphasis on Wealth Management. From this point onwards, the bank’s primary concern will be to expand its wealth management sector,…
HSBC, the London-based financial institution, recently announced two significant additions to its Chinese wealth management and private banking sector. New Leaders at the Helm Max Xu has been appointed the head of international wealth and premier banking…
UBS is set to transform its U.S. entity, UBS Bank USA, into a nationally chartered bank following approval from U.S. regulatory bodies. The announcement was made via LinkedIn by Rob Karofsky, President of UBS Americas. A Significant Milestone for UBS Karofsky…
UBS Asset Management has recently augmented its China equities team with the addition of Raymond Ma, a veteran portfolio manager formerly linked to Invesco. Ma will be serving as deputy to Bin Shi, the head of China equities, and will be stationed in Hong…
UBS, the multinational investment bank and financial services company, recently declared the appointment of Andrew Bird as its new Head of Global Wealth Management (GWM) for Australia. With a career spanning three decades and a previous tenure at UBS, Bird…
DBS’ wealth management business achieved remarkable success in 2025, setting records in both assets under management and net new assets. Unprecedented Growth According to the bank’s Chief Financial Officer, assets under management soared by 19 percent,…
In a bid to bolster the skills of its customer-facing staff in the area of wealth management, HSBC has inaugurated a new learning initiative in Singapore, partnering with an academic institution and an aviation firm. HSBC has unveiled its Wealth Academy in…
PepsiCo, a multinational food, snack, and beverage corporation, is set to revolutionize its plant and supply chain operations through an unprecedented partnership with Siemens and Nvidia. This strategic move employs artificial intelligence (AI) to meet the…
UBS Global Wealth Management has recently expanded its team, bringing in industry expert Carl Ashton. Stationed in the Singapore office, Ashton will be focusing on the Australia market. A Wealth of Experience Ashton is no stranger to the finance industry,…
Bui Quang Dung has been appointed as the new chairman of Bamboo Airways, replacing Le Thai Sam. The announcement was made on Thursday, confirming that the change would take effect from the preceding Wednesday. Dung simultaneously holds the position of deputy…
BNP Paribas Wealth Management has recently established an Artificial Intelligence (AI) Center of Excellence in Singapore. This new AI hub signifies the bank’s commitment to harnessing digital innovation in Asia’s burgeoning financial sector. The Four Pillars…
DBS bank reported a record-breaking income for the third quarter of 2025, largely due to strong fee income from wealth management. However, the bank’s net profit experienced a slight dip of 2 percent year-on-year, almost S$3 billion ($2.3 billion). This was a…
