Asian Private Banker

Identifying deals in the lower to mid-market space can help private bank clients create value through the rate-cutting cycle. That is according to US$97.3 billion in AUM firm Schroders Capital, which hopes that this strategy will help it differentiate when targeting wealthy Asian clients. Read the full article: https://hubs.la/Q02WgVGy0

UBS's profit before tax (PBT) nearly doubled YoY in Asia in 3Q24, as the Swiss giant continues forging ahead with the Credit Suisse integration. Read the full article: https://hubs.la/Q02WgCh30

Deutsche Bank Private Bank (Deutsche Bank PB) is sharpening its focus on ultra high net worth (UHNW) clients and family offices, identifying an increasing trend of private wealth institutionalisation. Read the full article: https://hubs.la/Q02Wg2J90

HSBC's 3Q24 profits beat market expectations due in part to a strong wealth performance in Asia, as the bank embarks on significant restructuring under new CEO Georges Elhedery. Read the full article: https://hubs.la/Q02W5TpS0

Bank of Singapore, Asia's Global Private Bank has launched an alternative investments digital platform dedicated to independent asset managers (IAMs) in collaboration with global fintech firm iCapital. Read the full article: https://hubs.la/Q02W5Xnv0 Featuring: Vivienne Chia, Bank of Singapore, Asia's Global Private Bank Kenny Ho, Carret Private Capital Limited Marco Bizzozero, iCapital

As private banks work to boost assets under management (AUM) through enhanced client experiences, one question is: are they effectively using technology to create a ‘Netflix-like’ investment experience, or is there still a long way to go? Read the full article: https://hubs.la/Q02W58DW0 Featuring: James Verner, BlackRock

Citi has seen a marked increase in HNW clients using its digital wealth platform in Hong Kong. Meanwhile, the Wall Street lender has taken steps in recent months to restructure this client segment within its private bank. Read the full article: https://hubs.la/Q02VZ2VN0 Featuring: Sarah O, Citi Bank

Goldman Sachs has hired Citi Private Bank’s former South Asia head of global family office in Singapore, Asian Private Banker understands. Read the full article: https://hubs.la/Q02VYttx0

Samuel S. Wu (伍尚修), a third-generation member of Hong Kong’s Wu family (伍氏), set out on his own entrepreneurial journey when the family sold Wing Lung Bank in 2008. Since then, he has committed himself to impact investing, especially in education and technology. Read the full article: https://hubs.la/Q02VYcDP0

With its long history of investing in real estate, Principal Asset Management has a record of seeing opportunities for Asia-based clients where others don’t. We’re focusing on key structural themes, both in Asia and globally, that should support investments in an uncertain economic environment. Read the full article: https://hubs.ly/Q02VPMV70