News > Wealth Management

People Moves: LGT loses HK-based MD; BNP Paribas names Asia CIO
LGT loses managing director. Amy Shum, LGT’s managing director covering Chinese HNWIs, has reportedly left the Luxembourg-based wealth manager. Shum, who’s been at the firm for a little over a year, joined LGT from Julius Baer, where she was an executive director in its Hong Kong office. Prior to that, she worked at Merrill Lynch Wealth Management for a decade. Asian
Cybersecurity is a big wealth management problem
When wealth managers talk to clients about protecting their wealth, they need to include cybersecurity as part of the conversation, says Mike McConnell, senior executive advisor at Booz Allen Hamilton. And McConnell doesn't mean just two-step verification for his clients. Financial advisors need to think outside the box, just like a hacker would. Tech-illiterate octogenarians may never use a computer, but
Would you let Snapchat manage your wealth?
When it comes to social media and finance it seems Snapchat is taking a page out of WeChat's playbook, except that it's not payments that its interested in. Earlier this month Reuters slipped a rumour that the social media platform was leading the way among tech firms in developing robo-advisory technology - which uses artificial intelligence to administer a customized an investment portfolio
The research on crisis counseling for panicked clients
I recently had minor surgery in a doctor’s office. Before injecting me with an anesthetic, the doctor said, “The pain will be very minor.” I asked, “For you or for me?” The current market sell-off reminded me of this incident. Advisors want their clients to know that they care about them and are ready to assist by answering their questions
People Moves Asia: ABN AMRO appoints senior exec; JP Morgan Private Banking names new MD
ABN AMRO Private Bank appoints chief commercial officer. Gracelyn Ho, a former ANZ senior executive, has been appointed chief commercial officer for Asia and the Middle East by ABN AMRO’s private bank. She will be handling strategy, business development as well as marketing and communications for Netherlands-headquartered bank. Wealth Briefing Asia (paywall) UBS’ Asia-Pacific family office chief departs. Valerie Chou has
China's new billionaires get the philanthropy habit
China's richest businessmen are keen to spread their wealth around. Although not in the same league as well-known U.S. philanthropists, many have adopted causes and are allocating at least a portion of their largesse, according to a report published this week. But, it is philanthropy with a distinctive flavor. These are the main findings of the "China Philanthropy Project" conducted
No free lunch for private bankers
Wealth management is meant to be the sweet spot for investment banks that are moving their models away from sales and trading due to tight margins and tough regulatory constraints. Individual bankers too -- at least those not seduced by the idea of a fintech startup -- are being encouraged by recruiters to make a career shift to the more sedate world of pandering
People Moves Asia: Credit Suisse PB appoints new APAC COO; Rothschild names new SEA non-exec chairman
Credit Suisse Private Banking appoints new APAC COO. Christian Huber has been named Asia-Pacific COO by Credit Suisse Private Banking. He will be replacing Francois Monnet, who had been appointed head of Greater China. Huber, who’s been with the firm since 2004, was previously the private bank’s COO and co-head in Japan. Asian Private Banker (paywall) Rothschild names Southeast Asia
People Moves America: Northern Trust hires wealth exec
Northern Trust appoints wealth exec. Henry P. Johnson has been named executive v.p. and vice chairman of wealth management in the east region for Northern Trust. He will be based in New York City, reporting to David Blowers. Johnson previously worked as CEO for Fiduciary Trust Company International, where he had worked in a number of roles since 1994. Photo:
People Moves Asia: Barclays loses SEA wealth chief; Goldman PWM bags ex-JPM banker
Barclays loses South and Southeast Asia wealth head. Srinivas Siripurapu, who joined Barclays from UBS back in 2010, has reportedly left the firm to pursue external opportunities. His departure comes barely a month after Didier von Daeniken – the British firm’s former Asia wealth management head – moved to Standard Chartered. Asian Private Banker JP Morgan banker moves to Goldman