Tag: private banking

Lee Yuen Kuen has left Mayban Investment Management to join CIMB Private Banking as chief investment officer in Kuala Lumpur. The Swiss private bank has been hiring feverishly in the region, but may find it harder to attract talent down the road. As it rebuilds its team in Asia, the UK firm becomes the latest private bank to relocate a top-level executive, Nick Cringle, to the region. It has also hired Manfred Liechti ... Amid other senior moves, the UK firm's head of China now oversees Hong Kong as well as the mainland. Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. Having completed its merger with ING Asia Private Bank, OCBC's wealth-management unit has big international ambitions. The Swiss family-owned financial services firm has set up in Singapore, with Alston Beinhorn in charge of asset management operations. The overseer of RBS Coutts's integration with ABN Amro Private Banking in India will now run the South Asia business. RBS Coutts's newly installed chief executive Nick Pollard laments the employee 'following culture' in private banking in the region. RBC Wealth Management, the private banking arm of Canada's largest bank, has appointed Matthew Yong president and Frank Mu chief executive officer of its Asian operations. Barclays Wealth has hired Srinivas Siripurapu from UBS as head of Southeast and South Asia as well as market manager, South Asia community. Debashish Dutta Gupta will now head investments for Citi's wealth management businesses in Asia-Pacific. The independent Swiss private bank plans to enhance its focus on the region under the leadership of Jimmy Lee, who recently joined from Deutsche Bank. Chairman Raymond Baer talks about running a family business, why he recently split the private bank business and his outlook for Asia. RBS Coutts launches a women-specific private banking initiative, noting that women "wish to be treated like a man but spoken to like a woman". Ajay Bagga becomes head of Deutsche's private wealth management business in India, replacing Nikhil Kapadia who will oversee business development for onshore private wealth ... Deutsche Bank Private Wealth Management believes clients in Asia need to be thinking in terms of inflation when making investment decisions. Barend Janssens becomes head of a new team charged with the task of building Fortis's private banking business in the region. The Dutch bank adds eight private bankers to cover China and Taiwan. Citi snares Barclays private banking boss Nigel Sze as its new head of investments for Asia-Pacific wealth management.