Tag: wealth management

Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. DSP Merrill Lynch makes Pradeep Dokania chairman of global wealth and investment management for India, and transfers Atul Singh from Singapore to take on the role as head of ... Having completed its merger with ING Asia Private Bank, OCBC's wealth-management unit has big international ambitions. Private banker Vinay Gandhi leaves J.P. Morgan for UBS only weeks after he joined from Deutsche Bank. UBS has further strengthened its ultra-high-net-worth business in South Asia with the appointment of Reto Marx as managing director and ultra-high-net-worth country team head. Standard Chartered Bank has poached Judy Hsu from Citi to work on its consumer banking wealth management strategy across different areas of the bank. Stephen Corry replaces Tony Stanton as Asia chief investment officer of Merrill's wealth arm, while Wilson So joins as head of North Asia global wealth management advisory. Soon Gek Chew, Janice Lee and Chin Lit Yee jump ship from Deutsche to join boutique private bank Clariden Leu. Allen Lo becomes country head for Hong Kong at UBS, while retaining his responsibilities as deputy CEO of wealth management in Asia-Pacific. Julius Baer pays $505 million for ING's private banking business in Switzerland, in a deal specialists say is a pre-cursor to the larger and more keenly contested sale of ING's ... RBC Wealth Management, the private banking arm of Canada's largest bank, has appointed Matthew Yong president and Frank Mu chief executive officer of its Asian operations. ANZ pays $1.53 billion to increase its ownership in its Australian life insurance and wealth management joint venture to 100% – a move that it says became possible due to the ... Kenny Ho, Asia-Pacific head of products at Julius Baer, explains why the wealth management needs of Asia's rich are different from those in other markets. BNP Paribas wealth management brings Thierry Dana from Switzerland to handle Hong Kong and North Asia, and puts Claude Haberer in charge of key clients for Asia. Debashish Dutta Gupta will now head investments for Citi's wealth management businesses in Asia-Pacific. Goldman Sachs JBWere will sell a controlling stake in its wealth management business to National Australia Bank for $81 million. The independent Swiss private bank plans to enhance its focus on the region under the leadership of Jimmy Lee, who recently joined from Deutsche Bank. Aviva realises $737 million from the sale of its insurance and wealth management businesses and says it intends to enhance focus on the rest of Asia, while NAB consolidates in ... Financial services group Ambit appoints Sutapa Banerjee to spearhead its foray into private banking in India. Ken Pang and Min Park will jointly run the bank's equity derivatives business from Hong Kong, while Amit Khandelwal joins wealth management in Mumbai.