- published: 01 Dec 2014
- views: 2071
At this year's Global Private Banking Awards ceremony in Geneva, Kathy Shih, head of Wealth Management Asia Pacific at UBS talks to Yuri Bender about the bank's growth strategy, managing costs and its multi-centre approach in Asia in 2014.
Private Banking is becoming one of the most fast-growing businesses in the Hong Kong finance industry. But how do the private bankers perform? What needs to be paid attention to in the coming year? In this e-Seminar, Ms Emily Lam, Private Banking Advisory Services Partner of PwC Hong Kong, highlights the findings of a survey "Asia-Pacific Private Banking Survey 2011" to HKSI members and practitioners. The first seminar chapter was uploaded to Youtube for public access. HKSI Members can view the full version of this seminar in our e-Seminar Platform. Want to become our member? Please visit www.hksi.org/membership for details, or contact 852-3120-6170 or email@example.com for inquiries This chapter is uploaded to Youtube for public access
Citi enables FinTech progress in Asia Pacific with Citi Mobile Challenge,a groundbreaking global initiative that invites technology developers to reimagine digital banking and fuel innovation in the industry. In November 2015 teams from 15 countries presented 72 working prototypes at four Demo Days in Bengaluru,Singapore, Sydney and Hong Kong. This three-minute film recaps the tour and assesses the status of FinTech in each city. View other Citi videos: http://www.youtube.com/citi Read our Blog: http://blog.citigroup.com Like us on Facebook: http://www.facebook.com/citi Follow us on Twitter: http://www.twitter.com/citi Follow us on LinkedIn: http://www.linkedin.com/company/citi Follow us on Instagram: http://www.instagram.com/citi Follow us on Google+: http://www.google.com/+citi
Wenlong joins Asian FTG com after spending 14 years at a private bank Sweden Asian Futures Trading Group Charitable Elects Chen H. Wenlong as Trustee Asian Futures Trading Group (www.asian-ftg.com) Charitable today announced the appointment of Chen H. Wenlong as the newest member of its board of trustees. Mr. Wenlong will join the current trustees tasked with managing donor-advised fund assets that will be granted to charities around Southeast Asia Region. "It's a privilege to have Chen join our Board of Trustees," said John J. Cheung, Chairman of the Asian Futures Trading Group Charitable Board. "He is a proven leader in the corporate and non-profit communities, with an enviable record of accomplishment. Chen's unique perspectives will be a great addition to our Board's work on behalf ...
Taking advantage of the flow of capital out of the West and positioned at the centre of fast-growing economies, Singapore emerges as one of the hottest destinations for wealth. Singapore is focused on attracting high net worth individuals with major spending on infrastructure. Singapore's Duxton Hill has transformed from a red-light district to a high-finance haven. It's now a squeaky clean city-state of five million people, and is fast emerging as one of the world's hottest destinations for wealth. Foreigners who have been in Singapore for more than 10 years notice the vast changes. [Mark Fletcher, Attorney]: "I was here in '95 and '96, and it had a reputation for being a little bit dull, which it wasn't even then. And if it wasn't then it certainly isn't now. It's a fantasti...
www.youtube.com/murdikar007 HSBC Bank Shutting Down Private Banking Business in India. HSBC to wind up private banking business in India British bank HSBC on Friday said that it will shut down its private banking business in India, an announcement that came amid an ongoing investigation by India's tax department against individuals who had unaccounted foreign currency accounts in the bank's Swiss branch. An HSBC spokesperson said the bank's private banking business will be closed down by the first quarter of 2016 and some of its private banking clients will be moved to its premier banking division. "We will work closely with our clients to minimise the impact of this decision on them, offering them the choice to move to HSBC Premier, our global banking and wealth management proposition...
http://nomadcapitalist.com/offshore-banking/ Singapore and Hong Kong are often recognized as two of the best and most stable banking jurisdictions in Asia, and are considered by many as offshore banking options. But which is better: banking in Singapore or banking in Hong Kong? Andrew explains why Hong Kong banks have become rather difficult, while Singapore banks are more difficult than before but still workable. The truth is, neither of these countries needs your money, so they can afford to set the rules. Some of the safest banks in the world are in Asia, and it's definitely worth considering parking some of your wealth there as a means of international diversification. ----- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the...
Latest research from Timetric finds that Singapore is the fastest growing wealth centre in the Asia Pacific region and that Singapore will overtake Switzerland as the largest global offshore private banking market by 2020. The firm writes: "With Assets under Management (AuM) of US$550 billion at the end of 2011, new research reveals that Singapore is the fastest growing wealth centre in the world, and will be the largest offshore private banking market by 2020. This reflects the significant disparity in the performance of the HNWI sectors in the Asia-Pacific region and the rest of the world, and suggests a bright future for HNWIs in the region." The research covered the high net worth individual (HNWI) populations in 13 Asia Pacific countries, focusing on HNWI performance between 2007 (th...
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In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 10,000 employees (excluding partnerships) and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate and investment banking, wealth management, asset management, securities services, insurance, as well as retail banking and consumer financing through strategic partnerships. It is actively expanding its franchise in the region and aims to increase its revenue to €3 billion in Asia Pacific by 2016.
The BDO Equitable PCI Merger - CNBC speaks to Teresita Sy-Coson about her role in the Philippines bank merger and whether she would have done it different. Subscribe to CNBC International: http://bit.ly/1eiWsDq Managing Asia is the Asia Pacific region's ground-breaking interview programme featuring CEOs, entrepreneurs and other business leaders. Hosted by award-winning anchor Christine Tan, the show looks at what makes the region's corporate titans and top entrepreneurs tick. CNBC.com for more great clips: http://cnb.cx/1o2BRDO Like us on CNBC's Facebook page http://www.facebook.com/cnbc Follow us on CNBC's Twitter accounts https://twitter.com/CNBCWorld https://twitter.com/CNBC
As more wealthy Asians seek to buy property overseas as an investment or short-term residence, their private bankers are only too happy to help, according to a recent article in the New York Times. Indeed, the wealth management divisions of banks are reporting a brisk business in setting up short-term revolving loans for property purchases. The term is usually five years, renewable annually after that, and the interest rate is set individually in accordance with the borrower's credit profile. Given the low interest rates in the region, it makes sense for clients to borrow against property and use the cash for investments to generate higher returns. Another goal is to take advantage of low interest rates on loans, and to borrow in Asian currencies that have appreciated smartly in recent ...
Ida Liu, Global Market Manager – Metro New York, Citi Private Bank, discusses the unique value proposition of Citi’s Private Bank at Citi’s 2017 Investor Day. View other Citi videos: http://www.youtube.com/citi Read our Blog: http://blog.citigroup.com Like us on Facebook: http://www.facebook.com/citi Follow us on Twitter: http://www.twitter.com/citi Follow us on LinkedIn: http://www.linkedin.com/company/citi Follow us on Instagram: http://www.instagram.com/citi Follow us on Google+: http://www.google.com/+citi
DBS Asian Insights: Tan Su Shan, Group Head, Consumer Banking and Wealth Management, DBS, shares her thoughts on Retiring in Asia - highlighting the reality of how many of Asia’s retirement income systems are not prepared for rapid population ageing. Read the full report - http://www.dbs.com/insights/article/saving-for-retirement.html This is part of a series on igniting possibilities for the Asia of Tomorrow, filmed in collaboration with CNBC. DBS is the sponsor of CNBC's Asia Tomorrow series. Ignite possibilities with Asian Insights: Visit dbs.com/insights Follow us on Twitter @DBSInsights
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Michael Araneta, Research Director, IDC Financial Insights Asia/Pacific, shares his observation about the state of innovation across the region including challenges, areas of focus and unique characteristics of the markets compared to other parts of the world.
Tamara van den Ban, head of digital products and customer experience Asia Pacific for HSBC Retail Banking and Wealth Management admits that digital transformation, for HSBC, is a journey that takes the bank must take as it evolves to become more customer driven. She calls it a long-term journey that requires commitment from everyone at the bank.
Susan is the Asia Pacific Head of Consumer Core Operations at Citi Singapore. Her company places emphasis on talent development, and placed her in the Women Leading Citi programme, which helped her develop her leadership and management skills. Her overseas work experience has also enabled her to take on a regional role in Singapore, where she works with people from different countries and cultural backgrounds.
Slower markets at home are spurring large Asia-Pacific banks to look abroad to boost growth. In this CreditMatters TV segment, Standard & Poor's Managing Director Ritesh Maheshwari explains the increase in cross-border bank lending in the Asia-Pacific region. He also discusses the drivers, trade-offs, and risks of this strategy, and the potential credit implications for Asia-Pacific banks.