Private Banking

UBS overhaul ups pressure on private banking head

9 May 2013

In a 16th century Swiss castle in March the boss of UBS challenged the head of its private bank to explain his plans for overhauling the business of managing the money of the rich.

12:13PM

China's wealthy take 2.8tr yuan overseas - and it's expected to double

12 Mar 2013

China’s top affluent citizens sent 2.8 trillion yuan (HK$2.5 trillion) overseas in 2011, about 3 per cent of the nation's gross domestic product that year, said

12:00PM

4 comments

Credit Suisse targets the richest of the rich in Asia

22 Nov 2012

Global private banks always chase wealthy clients, but Credit Suisse has narrowed its quarry further - to the richest of Asia's rich.

3:41AM

Asian banks win as rich seek safety

15 Nov 2012

When the world's richest people want to manage and grow their wealth, they now consider safety of assets, not investment return, as the top priority, following the 2008 global financial crisis...

5:02AM

BOC branches into private banking

8 Nov 2012

While investment banks across the town are laying off staff, Bank of China (Hong Kong) is on a hiring spree for its newly launched private banking business.

2:22AM

Morgan Stanley lays off private bankers

7 Nov 2012

Morgan Stanley this week laid off several private bankers, including one vice-president and some associates and analysts.

4:36PM

Opinion

Alex Lo

A dangerous demagogue in our midst

3 comments

4:18AM

Jake Van Der Kamp

Ferry subsidies to push rents up further

4:27AM

Swiss bank Pictet & Cie opens branch in Hong Kong as part of Asian expansion

Pictet & Cie of Switzerland, the world's 11th-largest private bank in terms of assets under management, has set up a branch in Hong Kong to foster its expansion into Asia.

4:47AM

Eyes on pioneering private bankers

Amid the overcast economic outlook, Hong Kong appears to be a bright light beckoning a host of financial companies, all vying for continuing growth.

3:24AM

Rich clients spreading the wealth, PwC finds

In Asia, client loyalty does not come easily for private banking firms, especially after the huge losses investors experienced in the 2008 financial crisis.

6:49PM

Private banking boosted as the rich get richer

Hong Kong is home to more US-dollar millionaires than ever, and the demand for private bankers to help them get richer is rising in tandem.

2:28PM

Building relationships opens doors in private banking

If you love working with people and have a knack for investing, private banking might be the perfect career for you.

7:53AM

Citicfirst's open architecture gives customers more options

Most private banks have a minimum amount for opening a private bank account. Most require at least US$250,000 on average to open an account, but some require at least US$1million.

1:53AM