Private banks across the board are exploring how to leverage artificial intelligence to improve business efficiency and client experience. Not all relationship managers are safe from disruption.

Wealth management clients' preference for Hong Kong as their hub of choice fell in 2024 with political risk cited as the top concern, according to a PWMA report. In 2023, 36 percent of respondents ...

A former Deutsche Bank executive has joined CBRE and will later relocate to its Singapore office. Macdonald has extensive experience in M&A, financing and capital markets in the region. He joins from ...

GenAI is already helping criminals circumvent standard CDD and KYC practices. The tried-and-tested process of keeping soft and hard copies of a private banking client’s passport or ID card for ...

Switzerland remains one of the world’s most attractive destinations for globally active high net worth entrepreneurs. This is according to a survey conducted by HSBC among its wealth management ...

Return on investments in artificial intelligence remains limited. However, the gap between revenue and capital expenditures is closing with monetization potentially occurring in 2026, according to UBS ...

Consolidation persists in the financial industry, including amongst private banks. Many pundits often say that a certain scale is required to survive. Evrard Bordier disagrees with this view in a ...

Los Angeles-headquartered Capital Group has appointed a managing director for global financial institutions in Asia. Capital Group has appointed Marketa Dvorak as managing director for global ...

Kuala Lumpur will host a two-day business forum in late November, bringing together over 250 officials and business leaders from Russia and ASEAN countries. The «World of Opportunities: Russia-ASEAN» ...

Insurer AIA is preparing to launch yet another branch in mainland China as part of its ongoing onshore expansion. AIA has received approval from China's National Financial Regulatory Administration ...

Danish online trading platform Saxo has announced the appointment of a head for APAC as well as Singapore. Saxo has appointed Damian Hitchen as regional head of APAC and MENA, according to a statement ...

A renowned casino tycoon in Hong Kong and one of the city's richest individuals has recently passed away. Hong Kong billionaire Lui Che-woo died peacefully last Thursday at the age of 95, according to ...