Credit Suisse appoints Fung for family office initiative

Charitable giving is on the rise in Asia and private banks are helping rich clients accomplish their plans.

Bernard Fung, the head of family office services Singapore for Credit Suisse private banking, talks about the emergence of family offices in Asia.

Amid rising wealth creation, private banks are looking to service family offices such as Joseph Tsai's but face disintermediation from them as well.

Nora Yeung will join the German bank in September, after 12 years with Credit Suisse.

Claims would be based on a breach of international investment agreements, and launched on behalf of Credit Suisse’s AT1 investors from jurisdictions including Hong Kong, Japan, Korea, Singapore and the UAE.

A new International Energy Agency report, unveiled at GenZero Climate Summit 2026, says transition credits could accelerate Asia’s coal phase-down, but only if backed by stronger policy, power planning and market integrity.