Investors are worried about the risk of a Marine Le Pen victory in France's upcoming election. But Brexit reveals that economics often trumps politics when it comes to asset movements.
Nick Pollard takes the reins at the investment association from Paul Smith, who has been overseeing the region as part of his duties as global head.
The Swiss firm aims to replace senior executives and grow its regional team of relationship managers, following the completion of its Coutts deal. China is a major focus.
JP Morgan Private Bank will see its Asia-Pacific deputy chief executive leave this month to take over as CEO of UK private bank Coutts.
The Swiss private bank is seeking relationship managers and team heads as it strives to deepen its Asia presence after acquiring Coutts International’s assets.
The traditional method of setting a strategic asset allocation several years ahead is being challenged in an environment where investors are having to deal with low returns and market uncertainty.
The Singapore-based private banking business sees increasing demand for multi-asset solutions from its Asia clients, and is looking to beef up its product range accordingly.
UBP's global head of private banking Michel Longhini is looking at partnerships for future expansion, but tells AsianInvestor he has not ruled out more acquisitions, just days after signing the 'milestone' Coutts deal.
ANZ loses private banking chief; Aberdeen makes property hire; UBP's Asia head to leave; AMP makes multi-strategy changes; General Atlantic's SE Asia head departs; Mercer makes fiduciary promotion; SuMi Trust GAS gets new Ireland CEO; and Wealth-X appoints CFO.
Esther Heer's exit from the private bank comes following its recently agreed acquisition by Brazilian investment bank BTG Pactual.
The veteran private banker is said to be joining former employer RBC Wealth Management, having left Coutts earlier this month. RBS is reportedly considering selling the overseas arm of the private bank.
The Royal Bank of Scotland’s wealth management unit is focused on growing its Southeast Asian client-base, and hired Yee Chin Lit from Credit Suisse to oversee Indonesia coverage.