Newswire
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










Caproasia Online Logo 1 Square 400 by 400Top Headlines in the Last 7 Days

(25th Apr – 1st May 2016)

 


No. 1 EFG Buys Luxembourg Private Bank of UBI Banca

EFG International AG, has agreed to buy the Luxembourg-based private banking activities of UBI Banca International SA with 3.6 billion euros ($4.1 billion) of client assets.

EFG didn’t disclose the price of the latest acquisition, a cash deal is expected to be completed in the first half of 2017. It said bank’s capital position won’t be affected.



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

No. 2 UBS Wealth Management to Double Head Count in Hong Kong Office

UBS Wealth Management is set to double the headcount of its Kowloon office. The office at One Peking Road in Kowloon, Hong Kong, will offer wealth management services to entrepreneurs and other client segments in Kowloon and the New Territories.

The current staff strength is 50, a group spokesperson said. A company statement said that UBS WM expects to increase the team’s strength to 100 by year-end.

 

No. 3 Julius Baer to Hire Bankers in Asia

Julius Baer has launched a recruitment spree aggressively targeting growth in Asia. Chief Executive Boris Collardi has revealed that they will be hiring over 100 relationship managers, net and over half of that will be in Asia.

Mr Collardi said Julius Baer had already begun hiring. Torsten Linke, Credit Suisse’s former Indonesia market leader, was appointed head of private banking for South East Asia and Singapore manager in January. Mr Collardi’s bank made another big acquisition in April, appointing Credit Suisse’s former market leader for China and Taiwan, David Shick, as its new head of private banking for greater China.

 

No. 4 BSI Interim Chief Executive Officer Leaves

BSI has announced the departure of its interim CEO in Singapore. This will be the third CEO this year for the bank. Raj Sriram who moved to BSI from RBS Coutts in 2009 will leave the bank to take a break from his professional career.

Renato John who has been a member of the group executive board of BSI and head of ultra high net worth development since September 2015 will now take over as acting chief executive for BSI Singapore.

 

No. 5 Ex-BSI Private Banker Faces 2 More Charges

Singapore charged a former wealth manager at Swiss-based private bank BSI with cheating and obstructing justice on Thursday in a case related to a money laundering investigation linked to Malaysia’s embattled 1MDB investment fund.

The prosecutor charged Yeo Jiawei with cheating BSI by concealing from his former employer that he would be receiving $1.6 million a year from Brazen Sky Ltd, a financial vehicle owned by 1MDB and  was holding fund units at an account with BSI Singapore.

 

No. 6 Societe Generale Names Asian Market Head

Yann Garnier has been appointed as Head of Global Markets for Societe Generale Corporate & Investment Banking in Asia Pacific. He was previously the Deputy Head of Global Markets Asia Pacific, as well as holding the Head of Global Market Sales, Asia Pacific role.

Garnier is based in Hong Kong and reports functionally to Frank Drouet as well as locally to Hikaru Ogata, CEO of Societe Generale Global Banking & Investor Solutions in Asia Pacific

 

No. 7 HSBC Private Bank Appoints New Market Head for Malaysia

HSBC Private Bank has announced the appointment of new Market Head for Malaysia, Global Private Banking, South East Asia.

The new Malaysian Market Head is Chris Harwood who has 15 years of experience with the HSBC Group. Prior to his appointment as Market Head for Malaysia, Harwood was leading the Bank’s Intra Group Business Development and Private Wealth Entrepreneurs (PWE) teams in South East Asia. Based in Singapore, He will report to Sandeep Sharma, Head of Global Private Banking, South East Asia.

 

No. 8 Citi Appoints New Country Officer for Singapore and Head of ASEAN

Citi has appointed a new country officer for Singapore and Head of ASEAN.

Amol Gupte will relocate from Hong Kong to Singapore to take up the new role. He is an almost 30 year veteran of Citi. He will continue to report to Asia Pacific CEO Franciso Aristeguieta.

As Citi Country Officer (CCO), he will be the main regulatory representative for Citi in Singapore and responsible for all businesses. This includes developing and implementing the business strategy in Singapore and fostering successful client relationships at all levels of the organisation, managing risk and controls, and protecting and enhancing Citi’s reputation in Singapore.

 

No. 9 Standard Chartered Profits Down 64% Year on Year

Standard Chartered said Tuesday first quarter profits slumped 64 per cent year-on-year as revenue for the period also plunged, following a turbulent 2015 in which the troubled bank announced it would axe thousands of jobs.

The bank said profits for the first three months fell to US$539 million from US$1.49 billion in the same period last year.

 

No. 10 OCBC’s Profit Drops 14%

Oversea-Chinese Banking Corp., Singapore’s second-largest bank, said first-quarter profit dropped 14 percent, as provisions for bad loans more than doubled and the contributions from its insurance unit declined.

Net income fell to S$856 million in the three months ended March 31 from S$993 million a year earlier, the company said Friday in a statement. OCBC joined United Overseas Bank, in reporting lower income.

 

Credits: Business Times, Bloomberg, Reuters, Citywire, Financial Times

 




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous article12 Top Career Options for Private Bankers
    Next articleWhy Access to Global Economic and Investment Opportunities is Never Equal for Everyone