Hou Wey Fook, head of managed investment solutions at the private bank, outlines how his team incorporates active and passive funds in client portfolios, and its use of consultants.
John Cappetta, a senior fund gatekeeper at Julius Baer, is refreshingly open about asset managers' sales strategies, client behaviour and discretionary portfolio management.
Citi Private Bank is finding it hard to hire suitable talent for its discretionary portfolio management business – and it is not alone on that front.
Wealth managers discuss the perceived conflicts of interest that can arise when using in-house capabilities versus external fund houses for discretionary portfolio management.
The private bank has replaced Alois Mueller and sees growing demand in Asia for multi-asset discretionary strategies. But it is not interested in partnering external asset managers.
They’re tired of losing money so now is the time for specialised money management, argues the Asia chief of ABN Amro’s private bank, Hugues Delcourt.
Its private banking arm has hired Jacqueline Koo from Julius Baer as head of discretionary portfolio management in Asia. She will build a team to meet growing demand, the bank says.