Asia wealth management head Claude Haberer plans to build a dedicated team covering mainland China, but says rivalry for hub status between HK and Singapore has lessened.
The firm questions whether acquisitions are counterproductive to the private banking industry. It comes after Julius Baer’s recent move, with a wave of consolidation forecast.
Claude Haberer, Asia wealth management head, sees Pictet's new HKMA banking licence as a key step towards regional expansion and talks about his hiring, distribution and advisory plans.
Asia-Pacific chief Claude Haberer discusses the Swiss private bank's new HKMA branch application and hiring intentions as the firm finally gets serious about regional growth.
Union Bancaire Privée, Lombard Odier, and Pictet hire new Asia heads as the competition for both talent and clients in the industry continues to intensify.