Private Banks

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.

The two wealth managers have appointed senior executives from Azura, J.P. Morgan and CrimsonOx Capital to bolster their regional wealth businesses.

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.

Major wealth managers are doubling down on talent to capture accelerating ASEAN and Australasian wealth flows.

Dominique Boer will oversee the bank’s private wealth business across five Southeast Asian markets as UOB seeks to deepen its regional franchise.

As Asia’s wealth passes to a new generation, insurers are moving beyond protection to address a harder problem: how families transfer illiquid, international and often closely held wealth.

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.