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Private banking
Latest news and features on private banking.
Standard Chartered CEO Bill Winters, at SCMP office in Causeway Bay on 17 March 2025. Photo: Jonathan Wong
Banking & finance

Exclusive | Hong Kong key to StanChart’s US$200 billion new money target: CEO Winters

Bank is developing over 200 use cases for AI, including fraud detection and prevention, anti-money-laundering screening and new products.

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Banking & finance

HSBC cutting 900 staff at China digital wealth unit Pinnacle, sources say

Banking & finance

Asian investors play big role in megafund focused on secondary PE market

Banking & finance

Hong Kong gets a boost as 3 global hedge funds open offices, recruit staff

Hudson Bay Capital, Sona Asset Management and Centiva Capital are setting up shop in the city, according to sources.

Hong Kong is rolling out the red carpet for financial firms to set up offices in the city. Photo: Nora Tam
Vietnam

Asian Angle | Vietnam’s private banking sector has a ‘chronic disease’. Can it be treated?

Truong My Lan’s death sentence serves as a warning, but Vietnam needs structural reforms to address the sector’s vulnerabilities.

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Family offices

Bankers say new tax concessions to boost Hong Kong’s status as family office hub

UBS, JPMorgan and BNP Paribas among key players seeking to attract family offices.

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Banking & finance

Hong Kong employers seek more relationship managers and data analysts next year

Human resource professionals also say customer due diligence officers are in demand.

Hong Kong’s bustling Central district. Photo: Jelly Tse
Banking & finance

Chinese money fuels hiring spree among private banks in Hong Kong

Wealth managers like UBS, Bank of Singapore and Julius Baer are expanding teams to cater to surging mainland Chinese money.

Mergers & Acquisitions

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

Wealth management

Blackstone to train Hong Kong wealth managers as private assets gain favour

Alternative asset manager launches Blackstone University programme along with Private Wealth Management Association.

The Blackstone Group headquarters in New York City, pictured on January 18, 2023. Photo: Reuters
Banking & finance

Opinion | How tech firms began to eat banks’ lunch

Technology companies are steadily moving into territory once dominated by banks, and they won’t stop at payments and lending platforms.

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People look at their mobile phones to check the mobile financial app Toss as they gather at Seoul Museum of Art in Seoul on April 13, 2023. Online financial service providers such as Toss have made significant inroads into payments, lending and other areas once dominated by banks. Photo: Reuters
Family offices

Exclusive | China’s ‘long-term growth story’ draws European family offices to Hong Kong

Wealthy European families approve of Hong Kong’s family office-friendly policies, says wealth-management CEO of French bank BNP Paribas.

Family offices

Insiders say running a Hong Kong family office is a delicate balancing act

‘Emotion stays away from the boardroom. That’s critical,’ says Mahesh Harilela.

Family offices

Hong Kong has to work harder to maintain family office hub status: official

Hong Kong is set to surpass Switzerland as the top cross-border wealth management hub by 2027-28, but must stay competitive, says Joseph Chan.

Hong Kong is home to more than 2,700 single-family offices, with more than half of them founded by individuals whose wealth exceeds US$50 million. Photo: Getty Images
Banking & finance

DBS posts 300% surge in semi-liquid fund sales in Greater China

Chinese private-banking clients have shifted away from equity-focused investments and increased their exposure to the US and Europe, according to DBS.

DBS automated teller machines in Singapore. Photo: Reuters
Banking & finance

More ultra-rich Chinese borrow against stocks amid liquidity crunch

With Fed easing imminent, ‘clients are once again comfortable using their stocks as collateral for project funding’, HSBC executive says.

Banking & finance

HSBC’s new CEO shakes up management with focus on digital and wealth

Georges Elhedery, who starts on Monday, creates a group-level information officer role and names a new CEO for global wealth and personal banking.

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Banking & finance

Asia wealth firms eye doubling of assets to US$260 trillion in 3 years

Asia wealth management firms have ambitions to double assets under management to almost US$260 trillion by 2026 from last year’s levels, according to a report by consulting firm Accenture.

Asia wealth management firms have ambitions to double assets under management to almost US$260 trillion by 2026 from last year’s levels, according an Accenture report. Photo: Shutterstock
Banking & finance

Deutsche Bank looks to Asia-Pacific wealth management to drive core growth

The German lender wants the region to contribute at least 15 per cent of its global revenue in the next two to three years as it hires senior bankers for its investment advisory, wealth management and private bank in the region, says CEO.

Banking & finance

HSBC targets loans against private assets after acquiring SVB’s UK unit

HSBC sees opportunities to lend against wealthy clients’ private assets, as it leverages its balance sheet strength to finance this fast-growing market.

Banking & finance

OCBC investing US$192m in Hong Kong, Macau to support business growth

The Singaporean lender’s digital banking capability will increase substantially and lead to greater use of AI and machine learning in its products and services, CEO Helen Wong says.

Helen Wong, group CEO of OCBC, says the bank is investing in technology to support its growth plans in Hong Kong and Macau. Photo: Sun Yeung
Mergers & Acquisitions

China’s Fosun International sells German private bank HAL to ABN Amro

The company, one of China’s largest private-sector conglomerates, aims to cut its debts by 10 billion yuan (US$1.38 billion) annually in the next two to three years.

German private bank Hauck & Aufhauser Lampe (HAL) in Munich. The acquisition will increase ABN Amro’s assets by €26 billion (US$28 billion). Photo: Handout
Banking & finance

Asian Investment Conference: first UBS-hosted edition kicks off in Hong Kong

Former US secretary of state John Kerry and Thailand’s prime minister Srettha Thavisin are among the speakers and 3,000 attendees as UBS continues the flagship Hong Kong conference started 27 years ago by Credit Suisse.

Banking & finance

HSBC’s Silicon Valley Bank UK acquisition raises Hong Kong lender’s tech profile

HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.

Banking & finance

Exclusive | Hong Kong has succeeded in attracting family offices: JPMorgan Private Bank

Hong Kong’s tax breaks and immigration policies to attract tycoons to set up family offices have been quite successful, as they have piqued the interest of many billionaires over the past year, banker says.

The Hong Kong government’s measures to entice billionaires to set up family offices is paying off. Photo: Yik Yeung-man
Banking & finance

Bank of Singapore goes on hiring spree as it bets on ‘bullish Hong Kong’

The private bank has increased its headcount, mainly relationship managers and senior bankers, by 15 per cent this year. It sees Hong Kong, Singapore and Dubai as stepping stones to expand its business.

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Bank of Singapore CEO Jason Moo says Hong Kong and Dubai will be its two core focus markets other than Singapore. Photo: Jonathan Wong
Banking & finance

UBS weighs bonus for investment bankers who refer rich clients

UBS may start rewarding its bankers for referring clients to the firm’s wealth management business, in a first for the Zurich-based lender

Banking & finance

Exclusive | Chinese stocks are ‘cheap’ and ‘reasonably attractive’: EFG Asset Management

Swiss financial firm EFG has increased its investment in Chinese and other non-Japan Asian stocks, on expectations of steady growth in the region and driven by the belief the worst was over for stocks in China.

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