The disease did not greatly impact the investing habits of the ultra-rich, but is driving them to consider more investing guidance, sustainability and succession planning, says a new study.
Regional investment heads at DBS and Lombard Odier say emerging markets are a better bet amid heightened political risk and uncompelling valuations in developed Europe.
Lombard Odier has struck a new partnership with the Philippines' UnionBank and it is now eyeing other markets in Southeast Asia, says the firm's Asia head of private banking.
The Swiss private bank has partnered the Philippines' UnionBank to expand its private banking footprint in the region.
Hence the Swiss bank is focusing on onshore partnerships and discretionary portfolio management, says Jean-Louis Nakamura, Asia-Pacific chief investment officer.
Vincent Duhamel, the Swiss private bank's Asia head, says acquisitions rarely work out well in the wealth sector and prefers the local-partnership approach.