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Top Headlines in the Last 7 Days 

(3rd – 9th Apr 2017)

No. 1 Standard Chartered to Raise Minimum Level 

Standard Chartered plans to more than double the minimum level of wealth required for private banking clients globally.

The bank will increase the level of investable client assets from $2m to $5m and will focus on attracting individuals and families with at least $30m in investable assets. Learn More …

 

No. 2 Aviva Asia Names New Regional CEO

Aviva Asia has named Randy Lianggara as Regional CEO for China, Indonesia and Vietnam.

He will report to Chris Wei, Executive Chairman of Aviva Asia and Global Chairman of Aviva Digital and will also oversee the operation of the Asia regional office. Learn More …

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No. 3 BNP Paribas Announces Changes in Asia Pacific Wealth Management

BNP Paribas has announced changes in the wealth management division in Asia Pacific. Pierre Vrielinck will be appointed Chief Executive Officer taking over Mignonne Cheng, currently Chairman and Chief Executive Officer.

Pierre Vrielinck has over twenty years’ experience in banking with the last six years spent in Wealth Management. Learn More …

 

No. 4 ANZ to Kick Off Auction of Wealth Business

ANZ is formally starting its auction process and is set to release information to prospective suitors on its wealth business.

ANZ is seeking a partner to take over its local insurance, advice and investments operations. Learn More …

 

No. 5 Standard Chartered Private Bank Partners with Fitch Learning and INSEAD

Standard Chartered Private Bank has partnered with Fitch Learning and INSEAD to create a bespoke training programme for its front line staff so that they can deliver a higher level of service and advice to private banking clients.

Launching in May 2017, the programme is mandatory for all front-line employees and will include a rigorous assessment process that leads to certification. Learn More …

 

No. 6 Hong Kong Monetary Authority and Private Wealth Management Association Co-Launch Apprentice Programme 

The Hong Kong Monetary Authority (HKMA) and Private Wealth Management Association (PWMA) announced the launch of The Pilot Apprenticeship Programe for Private Wealth Management.

The program is designed to provide specialised professional training and employment opportunities for young talents who are interested in private wealth management careers. Learn More …

No. 7 Deutsche Bank’s Head of Debt for Asia and Australia Quits 

Kevin Burke, Head of Debt for Asia and Australia has left the bank less than four years after he joined from Barclays.

Deutsche Bank also lost Ravi Raju, the Head of its Asian wealth business in October last year to UBS. Learn More …

 

No. 8 BNY Mellon Investment Management Boutique Wins Commonwealth Bank Mandate 

Newton Investment Management, part of BNY Mellon Investment Management was awarded a mandate from Commonwealth Bank Group Superannuation scheme.

The mandate was awarded to Newton’s Global Real Return strategy which takes a global multi-asset approach. Learn More …

 

No. 9 Ex-BSI Banker Joins UBP

UBP has hired Paras Gupta as Managing Director, Head of Discretionary Portfolio Management, Singapore.

Paras will be in charge of leading the team in managing discretionary portfolios for ultra high net worth clients in Singapore. Learn More …

 

No. 10 HSBC Private Bank Hires Ex-Credit Suisse Banker

HSBC Private Bank has hired a former senior manager at Credit Suisse Private Bank. He will take up the new role of investment counsellor in Hong Kong.

Shawn Yin and his team were in charge of acquiring and maintaining portfolio solutions for Credit Suisse’s ultra high net worth clients previously. Learn More …

Credits: finews asia, Reuters, Financial Times, The Australian, HKMA Press Release, Standard Chartered Press Release, Wealth Briefing Asia

 

April 2017 Headlines



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