Top executives at Hong Kong family offices said the scale of local capital markets and government incentives outweigh geopolitical concerns, pointing to the city's role as a gateway to China and a middle ground between the US and Europe.
Tag : private banking
The number of millionaires in mainland China grew by 35% in 2020, while the number of millionaires in Hong Kong fell by 7%, according to a new report from the private bank.
China Merchant Bank's general manager for its private bank division explains how it differs its services from its big regional rivals, as it seeks to build an international business.
The private bank's investment solutions team absorbed that of its recent acquisition, but it faces big obstacles to turn that into higher profits, say experts.
China Merchants Bank posted the fastest asset growth among private banks globally last year, and industry observers say mainland firms are well positioned to continue this trend.
We outline why UBS still reigns as the region's pre-eminent private bank and JP Morgan Asset Management's Asian Total Return Bond Fund was our retail product of the year.
Private equity firms take note: Credit Agricole's wealth arm sees rising appetite from its Asian clients for private markets exposure. The bank's Asia CEO also stresses a growing focus on digital services.
Credit Agricole is building out its Asian wealth business, amid tough times for private banks in the region. AsianInvestor spoke to Indosuez Wealth Management's global and Asia CEOs.
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Swiss private bank Syz has called time on its asset management business in the region, closing its Hong Kong office a decade after setting it up.
The deal will create an entity with $45 billion under management in Asia, but there are obstacles to integrating the businesses, note industry observers.
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.
The Swiss firm has hired its first private bank chief based in China, as it continues to build out local businesses in Asia. It's not clear whether it is still seeking local mainland partners.
