Private Banking

Barclays, Julius Baer and HSBC are bolstering their senior ranks to capitalise on the region's booming family office and private wealth sectors.

The wealth management industry is ignoring the surviving wives who will inherit Asia's fortunes first, leaving these crucial decision-makers unprepared to manage family empires, the firm's Asia chief says.

As central banks resume tightening, James Durance touts 'career-high' yields and daily liquidity to family offices, while warning that a flood of AI-driven debt could trigger a market event.

The launch reflects intensifying competition to connect Singapore’s growing family office sector with direct investments and institutional-grade private-market opportunities.

Barclays has launched a local private banking booking centre in Singapore to target Asia’s projected $5.8 trillion intergenerational wealth transfer.

The $55 billion investment manager is expanding its private wealth platform beyond the Americas.

The agreement will shift eligible local-currency investment accounts to TMBThanachart while opening a route for DBS to distribute global wealth products in the Thai market

The structural revamp comes as private banks compete for the growing pool of international family assets.

Family offices are piling into liquid hedge funds for downside protection and venturing deep into the AI supply chain for growth, says Pictet’s top fund selector for Asia.

The two European privately owned banks saw significant growth in net new assets, helping drive double-digit profit increases during the first six months of the year.

Female inheritors plan to steer 40% of their new capital into venture capital and private equity as they take control of family fortunes.

Family offices and private investors are keeping their risk appetite firm, piling into multi-asset products, tech stocks, and gold.