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CIMB Group, Malaysia’s second-largest bank in terms of assets, has announced its intention to expand its private wealth business to Singapore and Thailand by the end of the year. This move is part of a larger plan to double the bank’s wealth assets under…
Bangkok is emerging as Southeast Asia’s most dynamic hub for ultra-high-net-worth (UHNW) individuals, illustrating Thailand’s increasing allure for global wealth despite ongoing economic and geopolitical instability. The UHNW populace in Thailand’s capital is…
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…
HSBC has made a significant stride in expanding its footprint in Singapore by opening its fourth and largest wealth center in the city-state. Situated on the 33rd floor of the Singapore Land Tower, the wealth center spans 7,884 square feet and is equipped…
On Wednesday, the price of gold in Vietnam experienced a rise, mirroring the global surge in bullion rates after a decrease during the earlier session. Saigon Jewelry Company reported a rise of 0.38% in gold bar prices, reaching VND185.3 million ($7,090.80)…
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…
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,…
Former Citi veteran, Ida Liu, has been announced as the new Global CEO of HSBC Private Bank, effective from January 5, 2026. This strategic move aims to enhance the bank’s leadership among ultra-high net worth clients, bolster cross-border connectivity in…
Wellington Management has enhanced its alliance with Standard Chartered Bank by launching exclusive no-load share classes of the Wellington Asia Quality Income Fund for the bank’s customers in Singapore. This strategic initiative enhances its competitive…
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…
