Top Headlines in the Last 7 Days
(27th Feb – 5th Mar 2017)
No. 1 Royal Bank of Canada Reviews Asia Wealth Business
Royal Bank of Canada is reportedly putting its Asian wealth management business under review which could lead to its sale.
This comes after several Western banks have withdrawn from private banking in Asia. Learn More …
No. 2 Sun Life Hong Kong Appoints New CEO
Sun Life Hong Kong has appointed Fabien Jeudy as its new Chief Executive Officer.
He will be in charge of overseeing and expanding the firm’s operations which include life & health insurance, wealth management and pensions business. Learn More …
No. 3 Credit Suisse Creates New Wealth Planning Services Team
Credit Suisse will create a new Wealth Planning Services team within Private Banking Asia Pacific.
This unit will make use of the existing capabilities of the Family Office Services and Philanthropy Advisory (including Responsible and Impact Investing) function led by Bernard Fung and with those of the Trust and Estate Advisory Team. Learn More …
No. 4 Credit Suisse Appoints Senior Roles for Private Banking India
Credit Suisse has appointed Balakrishnan Kunnambath as Private Banking Market Group head for Non-Resident Indian (NRI) Asia Pacific and Indian Sub-Continent based in Singapore and will be in charge of Private Banking India business in addition to his portfolio.
Iñigo Mendoza is appointed Head of Private Banking India, based in Mumbai, reporting to Mr. Kunnambath and locally to Mickey Doshi, CEO India. Learn More …
No. 5 Standard & Poor’s Maintains A- Rating for VP Bank
Standard & Poor’s has confirmed VP Bank’s A- rating and improved its outlook from Stable to Positive.
No. 6 Standard Chartered Reports 2016 Results
Standard Chartered reported an operating income of $13.8 billion in 2016. It was down 11% compared to 2015.
The private banking income was impacted by market volatility and actions taken to improve the risk profile of the segment. It recorded an a profit of $32 million in 2016 compared to the profit of $99 million in 2015 due to lower income and high expenses. Learn More …
No. 7 BNY Mellon Investment Management Appoints Head of Japanese Financial Institutions Group
BNY Mellon Investment Management appointed Yoshiyuki Shimoyama as Head of Financial Institutions Group, Japan.
Shimoyama will focus on Japanese banks and insurance firms and provide investment solutions from its own investment boutiques which include every major asset class including equities, fixed income, private debt, real estate and private equity. Learn More …
No. 8 Societe Generale Appoints Rajat Kohli as India Head of Global Markets
Societe Generale has appointed Rajat Kohli as Head of Global Markets for India. He has more than 14 years of experience and will be in charge of developing the markets activities, including derivatives, foreign exchange and INR products in India.
He was previously working at BNP Paribas for 11 years as Head of Institutional Business in their Global Markets division. Learn More …
No. 9 New Appointments at BlackRock Australia
BlackRock Australia has appointed Stuart Dunn as Head of Wealth Distribution for Northern Region and Linda Kang has been appointed Lead Research Relationship Manager.
Mr Dunn was previously from Perpetual Investment for nine years. Ms. Kang previously worked for Challenger/Fidante Partners in the national key accounts team for research houses. Learn More …
No. 10 Ogier Appoints New Partner to Cayman Private Client and Trusts Team
Ogier has appointed Anthony Partridge, a private client specialist known for his expertise in complex trust structures and estate matters as a partner.
Anthony has spent more than ten years practising in Cayman, and specialises in all aspects of non-contentious private trust matters, wealth structuring for institutional trustees and high net worth individuals together with all related regulatory work, and cross-border succession matters. Learn More …
Credits: finews asia, Reuters,Bloomberg, VP Bank Press Release, Ogier Press Release, Credit Suisse Press Release, Sun Life Press Release, Societe General Press Release, Standard Chartered Press Release
February 2017 Headlines