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 ...

The investment management arm of Allianz has appointed a chief investment officer for Asia Pacific equities. Allianz Global Investors has appointed Wilfred Sit as chief investment officer (CIO) equity ...

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 ...

An asset management veteran in Singapore has joined Franklin Templeton’s global executive committee. Franklin Templeton has appointed Manraj Sekhon to its global executive committee, according to a ...

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 ...

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An expert in financial regulations has joined the Hong Kong Investment Funds Association as an advisor. The Hong Kong Investment Funds Association (HKIFA) has appointed Stephen Po as an honorary ...

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 ...