Wealth Management

End of cheap money era: Maybank’s Alvin Lee on investing in an era of wealth preservation, protectionism

Globalization is no longer the best strategy for banks if they wish to thrive in the new era of investing.

HSBC winding down wealth, personal banking business in New Zealand

The bank can no longer justify investing into this business, it said in a statement.

Citi Commercial Bank names head of corporate finance for ASEAN

Citi has also named a new country head for Citi Commercial Bank Malaysia.

HSBC names new South Asia head of wealth and personal banking

Kai Zhan g will be responsible for expanding wealth management across South Asia.

AlTi completes acquisition of SG-based AL Wealth Partners

This is in line with AlTi’s goal to assist SG’s growing clientele.

Amanda Lee named APAC head of third party manager solutions for Citi

All of Citi’s mutual fund sales team members in the region report to her.

HSBC study: What type of wealth succession do Chinese entrepreneurs prefer?

56% of the surveyed hope to achieve risk isolation through family trusts.

Citi names Vikram Singh as CEO of Malaysia franchise

He reports directly to South Asia and ASEAN head Amol Gupte.

Nomura appoints North Asia Head of Wealth Management

This is in line with the company’s goal to build its International Wealth Management business.

Corporate banks ramp up data analytics to boost customer acquisition

They also plan to use data and analytics to assess productivity of relationship managers.

Credit Suisse clinches approval to launch wealth business in China: report

The Swiss bank is pushing to roll out its wealth business by the first half of 2023.