Private Banks

Defeated by a Barclays press release

Barclays' lastest report is on Wealth Insights: Origins and Legacy: The Changing Order of Wealth Creation. Photo: AFP

Every time an excited press release arrives about a new report from a public relations or corporate communications executive representing a private bank, my hopes rise. Please, please may this one contain some nugget of inspiration I can tease into something interesting.

Wednesday, 19 June, 2013, 7:07pm

Private banks fail to gain traction in China

Eduardo Leemann, chief executive of Falcon Private Bank. Photo: SCMP

For one thing, the self-made millionaires believe they can generate higher returns than those available from private banking products. For another, the free transfer of assets across the border is forbidden and not all the high-net-worth individuals are eligible to open offshore accounts, limiting their ability to participate in many wealth management products.

11 Mar 2013 - 4:51am

Jobs of private bankers in Hong Kong are at risk

China is facing a slowdown in the once bustling retail business, putting private bankers at risk of losing their jobs. Photo: Xinhua

Global banks that hoped to turn Hong Kong into a platform to serve wealthy mainland Chinese clients are finding it tough going as markets have soured, and some have even begun to lay off staff to reduce costs.

8 May 2015 - 9:46am

career tracker

Chew Soon Gek, head of strategy and economic research Asia-Pacific for private banking, Credit Suisse

21 Apr 2012 - 12:00am

career tracker

Martin Cerullo, managing director - development for Asia-Pacific, Alexander Mann Solutions

30 Apr 2011 - 12:00am

Asia braces for growing army of rich

Since confidence in the global financial sector was thoroughly shaken this month, several financial institutions announced that they would shed staff to help weather the economic storm.

17 Oct 2008 - 12:00am

Relationship Building

Banks dealing with super-rich clients get to know the family

Banks that deal with super-rich customers aim to build a multi-generational relationship.

'We are mindful that a client represents a family, usually a large one, and often a family business is involved,' said Akbar Shah, head of mega wealth, Asia-Pacific for Citi Private Bank.

23 Nov 2007 - 12:00am

Fight for talent unhealthy for industry, warns expert

The Asian-Pacific chief of a major global private bank warns that the current talent shortage may have far-reaching repercussions for the industry.

Kaven Leung, chief executive of Citi Global Wealth Management, Asia-Pacific, said the shortage of experienced wealth managers had led to aggressive hiring practices and, in turn, a high industry turnover.

12 Oct 2007 - 12:00am

Private banks with sound strategies survive pitfalls

Only private banks that take a sustainable approach to growth, have sound recruitment practices and emphasise training will succeed if there's another downturn, a senior private banker warns.

15 Jun 2007 - 12:00am