Top Headlines in the Last 7 Days
(22nd – 28th May 2017)
No. 1 OCBC Launches Indonesian Private Banking Unit
OCBC has launched an Indonesian private banking unit as the bank expands their presence. The onshore unit will be run by OCBC NISP, the Indonesian subsidiary that is 85% owned by OCBC.
OCBC NISP will be targeting Indonesians with assets under management of more than US$1 million. Learn More …
No. 2 Lombard Odier Names Asia CEO
Lombard Odier has appointed Vincent Magnenat as the new Asia CEO. He will replace Vincent Duhamel who is the firm’s new Chairman of Asia board.
Magnenat will remain as Lombard Odier’s Singapore CEO and Head of Asia Private Banking. Learn More …
No. 3 Fifth Person Involved in 1MDB-Related Case Gets Convicted in Singapore
Kelvin Ang, a former broker with Kim Eng Securities till 2015 was fined US$6,477 after he admitted that he made a corrupt payment to an analyst in a Singapore case related to 1MDB investigations.
He was charged a year ago for corruption given to a research analyst to speed up the preparation of a favourable valuation report. Learn More …
No. 4 Julius Baer Releases Results for First Four Months of 2017
Julius Baer’s has reported a growth of 6% or CHF 20 billion in assets under management (AUM) to a record of CHF 356 billion by the end of April 2017. The rise in AUM was due to a increase in net inflows and market performance.
The recruitment of senior relationship managers boosted net inflows, reaching the middle of the 4 to 6 percent target range. Learn More …
No. 5 Schroders Appoints New Head of Global Sales
Schroders has appointed Daniel Imhof as Head of Global Sales. He will be in charge of the global sales structure and focus on developing the skills of the sales teams.
No. 6 Lombard Odier Investment Managers Launches Family Office Distribution Team
Lombard Odier Investment Managers launch the Family Offices team to provide customised and bespoke services to family offices in Europe.
Ahmed Husain will be in charge of the team and they will focus on expanding relationships with European single family offices with a net worth of over GBP 1 billion. Learn More …
No. 7 Vanguard Starts New China Unit
Vanguard Group Inc has started a wholly foreign owned enterprise in Shanghai. Vanguard has also named Clare Zhao as the general manager of the Shanghai operation.
Vanguard is aiming to boost interest among Chinese domestic investors for Exchange-Traded Funds and index-tracking investments. Learn More …
No. 8 Manulife CEO Steps Down
Manulife today announced that Donald Guloien, President and Chief Executive Officer, has made the decision to retire as of September 30, Roy Gori, who will become Manulife’s President on June 5, will succeed Mr. Guloien as CEO.
Mr. Gori joined Manulife from Citi in early 2015, where he served as Head of Consumer Banking, North Asia and Australia. Learn More …
No. 9 Sumitomo Mitsui Trust Group Appoints Managing Executive Officer
Japan’s largest asset manager, Sumitomo Mitsui Trust Group has appointed Yoshio Kishida as the Managing Executive Officer to lead the global business development of the trust’s asset management business.
Hishida joined Sumitomo Trust & Banking Co Ltd in 1986 and is also the director of The Securities Analysts Association of Japan. Learn More …
No. 10 Deutsche Bank Wealth Management Makes Senior Hires in Asia
Deutsche Bank Wealth Management has hired four executives from The Bank of East Asia Limited Hong Kong to cover clients in Greater China region.
The team, led by Gloria Sun and reporting to Kanas Chan, Head of Wealth Management Coverage, North Asia, will be responsible for acquiring new clients and raising assets in Greater China. Learn More …
May 2017 Headlines