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.
Lombard has recruited David Loo from Citi to oversee the Swiss private bank's regional development. It comes just months after the firm signed a partnership deal with Thailand's Kasikornbank.
Kasikornbank, Krungsri Bank and Phatra Securities are looking to add more third-party products to their private bank platforms as domestic demand rises for offshore exposure.
The Swiss private bank signs a partnership deal with Kasikornbank to gain access to its high-net-worth clients and to receive referrals. Its Asia-Pacific chief spells out the rationale.
Lombard Odier unveils new hires, Rothschild taps UBS pro, Asia Frontier bolsters HK office, Nikko AM names marketing head, Simmons & Simmons poaches from Sidley Austin.
After making a raft of investment and sales hires in the region, the Swiss firm is building out its middle and back office and mulling a QFII licence application.
Structural change at Pictet and Lombard Odier to corporate partnerships underlines a new reality for Swiss banks. And about time too, says Scorpio Partnership.