Deutsche Bank Private Bank’s Post

Deutsche Bank: Top Three Drivers of DPM Inflows in Asia: Penetration rates of discretionary portfolio management in Asia have been historically low compared to other regions. But there have been a number of factors driving growth. Deutsche Bank’s Harsh Agarwal spoke to finews.asia about the leading tailwinds. #DeutscheBank #privatebanking

Asian high net worth individuals (HNWI) have traditionally been hesitant to delegate assets to discretionary portfolio management (DPM), a key driver of recurring income in other markets. According to finews.asia, DPM penetration rates at private banks in the region range from low-single digit to low double-digit percentages by assets under management. However, Harsh Agarwal, Deutsche Bank’s head of DPM for emerging markets, notes that this figure has been rising rapidly in recent years, driven by three major factors. https://lnkd.in/gqEARUg3

Citigroup’s share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand that the bank catch up to its Wall Street peers. Figures from the London Stock Exchange Group (LSEG) showed JP Morgan’s investment banking franchise accounted for an industry-leading 6.8 per cent share last year. It was the only one of the top five firms to grow its market share last year, by 0.3 per cent. Meanwhile, Citi’s investment banking business made up 3.4 per cent of the market, 0.2 per cent lower than in 2022 and its lowest proportion of the global investment banking wallet since LSEG started tracking the data in 2000. The bank this week touted news that it had poached JP Morgan’s head of investment banking to lead its new banking division. ✍️ Lars Mucklejohn Read the full story here ⬇️ https://lnkd.in/e2PczxQV #citibank #jpmorgan #londonstockexchange #lse #investmentbanking #banking #bankingsector #investment #investors #marketshare #uknews #ukeconomy #london

In current times, where the safety of Banks is of utmost importance to clients, Lombard Odier Group continues to provide unparalleled stability through its measured and dynamic strategic growth. As of 31 December 2023, the CET1 ratio was among the highest in the industry at 32%. Fitch reaffirmed the Group’s credit rating at AA- with a stable outlook in July 2023. #lombardodier #wealthmanagement #rethinkeveryting

BBVA became the first major financial institution to jump back into the European primary bond market to raise funding fresh after its annual earnings release, issuing a tier two capital. The Spanish bank issued a €1.25bn 12 year non-call seven note at 240bp over mid-swaps, with the deal proving popular and demand peaking at €5.5bn before orders were finalised. Lead managers were BBVA, Deutsche Bank, HSBC, Morgan Stanley and Société Générale. The move follows BBVA's annual earnings release, which showed record annual results, including a consolidated net income of €8bn. The FIG market has improved significantly, and BBVA's issuance adds to the growing supply of capital in 2024. “Capital in the FIG space is something worth looking at how it has performed because not long ago we had the Credit Suisse and the SVB story haunting the markets,” said one lead manager. Sign up to read more on BBVA's return to the European primary bond market and what else #bankers on and off the deal told GlobalCapital: https://lnkd.in/eE2KmZgB Written by Atanas Dinov, bank finance editor at GlobalCapital #capitalmarkets #FIG #bonds

📈 𝗔𝗻𝗮𝗹𝘆𝘇𝗶𝗻𝗴 𝘁𝗵𝗲 𝗤𝟭 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗼𝗳 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲’𝘀 𝗠𝗮𝗷𝗼𝗿 𝗕𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗪𝗵𝗮𝘁 𝗜𝘁 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗿𝘀 📈 The recent Q1 outperformance of DBS, UOB, and OCBC is a testament to the robust economic environment and presents key opportunities and considerations for investment managers. 🔍 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗤𝟭 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: 𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝘁 𝗔𝘀𝘀𝗲𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆: • DBS has maintained strong asset quality with total provisions of S$213 million and a credit cost of 20 basis points. This indicates a cautious but stable approach to risk management amidst global economic uncertainties. • OCBC also reported resilient asset quality with a stable non-performing loan (NPL) ratio of 1%, highlighting effective risk mitigation strategies. 𝗡𝗲𝘁 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗠𝗮𝗿𝗴𝗶𝗻𝘀 (𝗡𝗜𝗠): • OCBC outperformed its peers with a notable year-on-year increase in NIM to 2.06%, benefiting significantly from the interest rate environment. This demonstrates OCBC's strategic prowess in managing interest rate volatility to enhance profitability. 𝗟𝗼𝗮𝗻 𝗚𝗿𝗼𝘄𝘁𝗵 𝗮𝗻𝗱 𝗙𝗲𝗲 𝗜𝗻𝗰𝗼𝗺𝗲: • OCBC’s loan book grew by 6.6% year-on-year to S$299.8 billion, underscoring its strong market position and ability to drive growth despite higher interest rates. • Both DBS and OCBC saw increases in fee income, with OCBC reporting a 7% year-on-year rise to S$487 million, reflecting a diversified revenue stream beyond traditional banking 📖 For further details on the Q1 performance, you can read the full article here: https://lnkd.in/gJEi3tKC 🌐 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗣𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲: The strong Q1 results of these banks not only reflect their financial health but also signal a stable and promising economic outlook for Singapore. For investment managers, this performance is characterized by: • 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲: The resilience shown by major banks supports a stable investment climate, allowing fund managers to strategize with greater confidence. • 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻: With banks diversifying their income streams and managing risks effectively, there are new avenues for investment managers to explore within the financial sector. • 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗼𝗻: Understanding the strategies employed by these banks in managing regulatory requirements can provide valuable insights for navigating the complex regulatory landscape. At The Ascent Group, we continuously analyze such trends to provide our clients with tailored insights and solutions, ensuring they remain ahead in a dynamic financial environment. To learn more about how we can help you navigate these opportunities and challenges, reach out to us for a consultation.

Amidst the dynamic changes in the Australian banking landscape, #ANZ Group Holdings Ltd stands out with its #shares climbing by 0.76% to $29.02, outpacing the S&P/ASX 200 Index's 0.86% rise. 📈 Industry analysts are eyeing ANZ's share price, which trades at a discount relative to the sector, signaling a potentially undervalued opportunity. With significant productivity gains, a stronger Institutional business, and an appealing #PEratio coupled with a solid dividend yield, ANZ may well be positioned as the preferred investment choice among the majors. 💡💼 Investors should keep a keen eye on ANZ's strategic moves and cost management initiatives, which could solidify its spot as a noteworthy contender in the bank share arena.🏦🔍 Read the full analysis and find out if ANZ truly is the pick of the bunch: https://lnkd.in/gvXUdTZZ #Banking #Investment #Finance #AustralianBanks #DividendYield #EquityAssessment #CostEfficiency #Productivity #ValueInvesting

Caught in the crossfire of inflation and interest rate hikes? This new reality isn't the endgame for banks and asset managers but a chance to pivot and prosper. "Responding to the New Reality in Banking Blurring Borders: Is the Value Migration Toward Alternative Asset Managers a Threat or Opportunity for Ecosystem Players?" Credit Boston Consulting Group (BCG) Novermber 2023 ◾ High inflation, interest rate changes, and geopolitical instability are rewriting the banking playbook. ◾ Lending and deposit banks fare well with rising rates, but fee-dependent banks may face a growth slowdown. ◾ European banks are in a strong position due to increased net interest income. In contrast, US banks deal with declining fees and higher loss provisions. ◾ Alternative asset managers have reached new heights, claiming half of the industry's revenue with a steady growth trajectory. ◾ Amplified investment in climate change and infrastructure demands fresh financing solutions beyond banks. ◾ To adapt, banks should fortify their alternative investments while asset managers consider strengthening their portfolios or consolidating. Ekaterina Andersen #santiam #bcg #consulting

📊 Unveiling the Impact of Mutual Funds on Liquidity: A New Era for Capital Markets! 🌐 As households shift their investment preferences from traditional savings to capital markets, the landscape of the banking sector is undergoing a trans formative change. This shift carries profound implications, potentially widening the gap between credit and deposits, and echoing the banking crises witnessed in the US and Switzerland in 2023. In March 2023, the money supply plummeted by a record $224.5 billion, highlighting the largest drop since 1959. The crises saw major banks like Signature Bank and First Republic Bank being sold at fractions of their asset values, underscoring the volatility and risks involved. In response, regulatory bodies like SEBI are innovating with new asset classes that blend mutual funds and portfolio management schemes, aiming to stabilize and diversify investment strategies. Dive into my latest analysis where I explore these developments and their potential long-term effects on our financial systems. Your insights and discussions are highly valued as we navigate this evolving market landscape! 📉💡 #Finance #MutualFunds #BankingSector #InvestmentStrategies #MarketTrends #LiquidityCrisis #FinancialInnovation #CapitalMarkets

BNP Paribas capitalised on the favourable environment for capital issuance by launching an AT1 note in #dollars on Wednesday, following on from a swathe of similar deals last week. Surprising some with its decision to proceed just a day after the stronger US inflation data, BNP Paribas raised $1.5bn from the deal with a book heard at $11bn, reflecting the confidence of large #issuers' ability to raise capital in the current market conditions. “Even post-CPI the AT1 market, and bank capital as a whole, hasn't really moved much since the start of 2024," said Romain Miginiac, CFA, fund manager at GAM and Atlanticomnium and head of research at Atlanticomnium. The AT1 followed after BNP Paribas issued a $3.25bn dual tranche senior non-preferred Yankee, for which it attracted peak demand of $15bn, a record for the French bank in senior unsecured issuance. Sign up to read the rest of the story and commentary from market participants: https://lnkd.in/e4bQTPyx Written by Atanas Dinov, bank finance editor at GlobalCapital #capitalmarkets #FIG #financialinstitutions #financialinstitutiongroup