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Top Headlines in the Last 7 Days 

(15th – 21st May 2017)

No. 1 Thailand is One of the Fastest Growing Wealth Management Business for Credit Suisse Private Bank

According to Urs Grueter, Credit Suisse has recorded strong growth in Thailand wealth management business. The number of clients accounts has increased five-fold and assets under management has grown ten-fold.

Clients have been demanding a more sophisticated and structured asset allocation and access to a comprehensive range of financial and investment solutions. Learn More …


No. 2 Prudential Asia CEO to Step Down

After more than 10 years with Prudential, Tony Wilkey is to step down as Chief Executive of Prudential Asia and from the Board of Prudential to pursue new challenges.

Tony had joined Prudential in 2006 after previously serving as Chief Operating Officer of American International Assurance (AIA), based in Hong Kong. Learn More …


No. 3 UBS Asset Management Appoints New Head of Investments

UBS Asset Management has appointed Suni P. Harford as Head of Investments in July 2017.

She will be in charge of US$600 billion in assets under management across both traditional and alternative asset classes. Learn More …


No. 4 Head of Falcon Private Bank Leaves

Erich Pfister, Head of Falcon Private Bank is leaving after two years in the bank. Pfister was previously at Credit Suisse and Clariden Leu in several senior roles including Head of Middle East and Asia and Head of Emerging Markets.

The departure of Pfister comes after two of their senior board members announced that they would step down from Falcon Group. Learn More …


No. 5 Singapore’s Wealth Management Institute and UBS to Launch the Anti-Money Laundering Risk Management Programme 

The Wealth Management Institute and UBS has agreed to start a new initiative, the WMI Anti Money Laundering (AML) Risk Management Program.

Under this program, the WMI will create technology-enhanced learning modules on anti-money-laundering, or AML, and Countering of Terrorism Financing (CFT) topics. Learn More …


No. 6 Schroders Names New Head of Private Banks Distribution

Schroders has appointed Zal Devitre as Head of Private Banks distribution and global financial client group.

Zal was previously Head of Investments at Citibank Singapore where he was in charge of Investment Research and Products for Citibank’s onshore Wealth Management business in Singapore. Learn More …


No. 7 JP Morgan Australia CEO Steps Down

JP Morgan Australia CEO Rob Priestley is stepping down after 15 years. He will be handing over his responsibilities to the firm’s Head of Investment Banking Paul Uren.

He has been appointed as Chairman of JP Morgan Australia and New Zealand. Learn More …


No. 8 Ex-NAB Banker Joins Family Office

Nicholas Lipscombe joins the private wealth firm Myer Family Company as Head of New South Wales operations. He has years of experience in private, institutional, corporate banking and financial services.

Prior to this, he was NAB executive for Ultra High Net Worth clients for almost six years. Learn More …


No. 9 First State Investments Expands Team

Gladys Chan joins as Director, Private Bank Distribution for North Asia. Bonnie Chun has been appointed as Associate Director, Intermediary Business. Gladys is in charge of building new and solidifying existing relationships.

Bonnie will work closely with the distribution team to promote First State’s (FSI) investment portfolio. Learn More …

No. 10 Former Credit Suisse Banker to Join Julius Baer

The former Head of Investment Solutions and Products for Asia Pacific at Credit Suisse Private Banking Rajesh Manwani is leaving Credit Suisse to join Julius Baer. He had been at the bank for nine years.

He was previously in charge oversight of discretionary and advisory mandates, as well as investment products, including funds, ETFs and alternatives among other functions. Learn More …


Credits: finews asia, Hubbis, Businesswire, Australian Financial Review, Credit Suisse Press Release, Prudential Press Release, Falcon Press Release, Wealth Briefing Asia


May 2017 Headlines | The leading financial website for financial professionals, professional investors and HNW investors. 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? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

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