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Last year proved to be a remarkable period for Swiss private banks, as they reveled in impressive results bolstered by favorable financial markets and substantial net new money inflows. This surge in assets under management (AuM) occurred amid a backdrop of…
HSBC Private Banking promotes two executives in its investment and product solutions unit in Asia, effective immediately. The bank appoints Jeffrey Yap as head of investment services and product solutions (ISPS) for Southeast Asia after his last role as…
Citi Private Bank internally promotes a heavyweight banker to become a global market manager based in Hong Kong. Kevin King has been named as the global market manager for southern mainland China. He was most recently a team head covering the offshore Chinese…
Four Vietnamese lenders, three state-owned and one private, are among the world’s top 500 most valuable brands this year. In an annual ranking by BrandFinance, VietinBank was ranked 242, BIDV, 307, Vietcombank, 325, and VPBank, 361. Last year, VietinBank,…
Just like real estate is about location, location and location, private banking is about scale, scale and scale – it is what’s needed to cope with the high cost of the business, say industry players. Monday’s surprise move by DBS Bank to snap up most of ANZ’s…
