https://www.scmp.com/rss/322946/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Read more stories from SCMP’s Private Banking Directory 2022 You don’t have to own a single bitcoin to know that the era of DIY finance is upon us. Even in traditional banking ecosystems, people are increasingly controlling and managing their finances and transactions without the need for brokers, agents and ATMs. This is especially apparent when it comes to on-the-go convenience, with consumers expecting a mobile-first experience more than ever. In a recent study by IT security company Entrust... https://www.scmp.com/special-reports/article/3182637/app-idemic-how-banks-are-upping-their-mobile-game-personalise-and?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182637/app-idemic-how-banks-are-upping-their-mobile-game-personalise-and?utm_source=rss_feed Wed, 29 Jun 2022 03:00:26 +0000 Read more stories from SCMP’s Private Banking Directory 2022 The fine wine market is one of the more glamorous investment opportunities to have enjoyed a boost since the start of the pandemic. While the world has been reeling, wine collectors and traders have been busy pocketing profits, buying and selling wines from the key regions that never go out of fashion. Data from Liv-ex, the London-based fine wine exchange, showed that in 2021 wine investments had their best year on record, with the... https://www.scmp.com/special-reports/article/3182638/grape-expectations-why-wine-might-be-smartest-investment-you-can?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182638/grape-expectations-why-wine-might-be-smartest-investment-you-can?utm_source=rss_feed Tue, 28 Jun 2022 03:00:16 +0000 Read more stories from SCMP’s Private Banking Directory 2022 Asset managers around the world have long been rubbing their hands at the prospect of socially responsible investing taking off in a big way. And, after many false dawns, it seems they might now finally be getting what they wished for, with the amount of money flowing into funds that put ethical and social standards front and centre now hitting eye-watering levels. The pandemic has apparently fast-tracked a shift into ESG funds with... https://www.scmp.com/special-reports/article/3182871/investing-esg-funds-growing-trend-keep-eye-out-greenwashing?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182871/investing-esg-funds-growing-trend-keep-eye-out-greenwashing?utm_source=rss_feed Mon, 27 Jun 2022 03:00:17 +0000 Read more stories from SCMP’s Private Banking Directory 2022 China’s reported GDP growth of 4.8 per cent in the year’s first quarter may have defied expectations – but the momentum is unlikely to be sustained due to the sudden spread of coronavirus. The five-week lockdown of Shanghai disrupted business activities and the supply chain. While the restrictions have been eased gradually, analysts believe the country’s economy will only recover in the second half of the year. China’s goal of becoming... https://www.scmp.com/special-reports/article/3182605/despite-disruptions-and-restrictions-steady-recovery-predicted?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182605/despite-disruptions-and-restrictions-steady-recovery-predicted?utm_source=rss_feed Sun, 26 Jun 2022 03:00:15 +0000 Read more stories from SCMP’s Private Banking Directory 2022 In March 2022, HSBC became the first bank to enter The Sandbox, a digital world where users can buy land and build virtual experiences. The bank aims to engage and connect with sports, esports and gaming enthusiasts via the acquisition of its site in the metaverse, and while uncertainty remains as to how the platform will develop moving forward, the move is a sign of the financial industry’s growing interest in the Web3 universe. “What... https://www.scmp.com/special-reports/article/3182873/brave-bold-and-tangled-world-web3-where-metaverse-and-nfts-are?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182873/brave-bold-and-tangled-world-web3-where-metaverse-and-nfts-are?utm_source=rss_feed Sat, 25 Jun 2022 03:00:21 +0000 Read more stories from SCMP’s Private Banking Directory 2022 As the world continues to relax pandemic measures and central banks raise their rates and tighten policies, investors would do well to consider two key features of the market – inflation rates and economic performance. With Covid-19 starting to ease in 2021, the global economy has been able to recover to varying degrees. “In 2022, thanks to large-scale economic stimulus measures, the progress of global economic recovery is... https://www.scmp.com/special-reports/article/3182872/global-economy-recovers-covid-19-russia-ukraine-conflict-bankings?utm_source=rss_feed https://www.scmp.com/special-reports/article/3182872/global-economy-recovers-covid-19-russia-ukraine-conflict-bankings?utm_source=rss_feed Fri, 24 Jun 2022 03:00:16 +0000 SCMP Reporter SCMP Reporter The Bank of East Asia, Limited (“BEA”) PARENT COMPANY: The Bank of East Asia, Limited (“BEA”) SENIOR MANAGEMENT Adrian Li Man-kiu, Co-Chief Executive Wendy Tsang, General Manager & Head of Wealth Management Division SERVICES OFFERED BEA Private Banking provides clients with a full range of wealth management solutions including investment portfolio management, family protection, estate and trust planning. Investment product offerings include global bonds and equities, foreign exchange, futures... https://www.scmp.com/special-reports/article/3139038/private-banking-listings?utm_source=rss_feed https://www.scmp.com/special-reports/article/3139038/private-banking-listings?utm_source=rss_feed Mon, 28 Jun 2021 09:38:54 +0000 [Sponsored Article] By capitalising on the synergy between its Private, Corporate & Institutional and Commercial Banking businesses and client bases, Desmond Liu, Regional Head of Private Banking, Greater China and North Asia at Standard Chartered Bank says that it has set a target to grow assets under management from US$57 billion at the end of 2015 by US$25 billion by 2018. Liu notes that this commitment to Private Banking and Wealth Management is a critical part of the broader Bank's strategy... https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983485/extensive-networks-and?utm_source=rss_feed https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983485/extensive-networks-and?utm_source=rss_feed Wed, 06 Jul 2016 09:04:25 +0000 [Sponsored Article] Bank of Communications is backing its customised approach to win over Hong Kong's wealthy with its first-class OTO FORTUNE private banking service first launched in 2008. Introduced to the Hong Kong market in 2010 to coincide with the establishment of its state-of-the-art private banking service centre in the city, the bank offers comprehensive, integrated wealth management services to Hong Kong’s high net worth clients—without the limit of boundaries.  “Our private banking... https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983147/lifelong-partner-wealth?utm_source=rss_feed https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983147/lifelong-partner-wealth?utm_source=rss_feed Wed, 06 Jul 2016 08:48:41 +0000 [Sponsored Article] Steven Lo, Citi Private Bank Managing Director, Global Market Manager (Hong Kong) says while Citi Private Bank’s principals and objectives to serve clients remain the same, to meet client expectations, reallocation strategies have been designed to both preserve and grow wealth. For instance, Lo says while real estate investments remain a preference for many Asian investors, real estate investment opportunities in Asia, particularly in Hong Kong, have become less attractive as... https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983475/consistent-and-reliable-across?utm_source=rss_feed https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983475/consistent-and-reliable-across?utm_source=rss_feed Wed, 06 Jul 2016 08:47:02 +0000 The phenomenal growth of mainland China's asset-owning class has created a vast pool of potential investors looking for means and methods to diversify their holdings outside the mainland. For overseas-based private banks, this presents a spine-tingling opportunity. But with it comes a need for sure-footed strategies and an awareness that mainland banks, with their increasing sophistication and plans for international expansion, are not going to sit idly by while others muscle in on such a... https://www.scmp.com/business/article/1975502/advisers-differentiate-services-more-banks-expand-wealth-protection?utm_source=rss_feed https://www.scmp.com/business/article/1975502/advisers-differentiate-services-more-banks-expand-wealth-protection?utm_source=rss_feed Wed, 06 Jul 2016 08:45:30 +0000 Although the timing and impact of the coming round of interest rate hikes is an issue for Hong Kong's private bankers, that is by no means their only concern. Other repercussions of the economic downturn and all that preceded it linger, obliging leading institutions to react to a change in customer attitudes and investment priorities and, in certain areas, adopt something of a "back to basics" approach. "Consolidation is likely to continue, driven by the need to achieve efficiency," says Andy... https://www.scmp.com/business/article/1975501/consolidation-likely-continue-private-banks-refocus-optimise-their-client?utm_source=rss_feed https://www.scmp.com/business/article/1975501/consolidation-likely-continue-private-banks-refocus-optimise-their-client?utm_source=rss_feed Wed, 06 Jul 2016 08:30:45 +0000 Only operating in its present guise since early April, Union Bancaire Privée (UBP) may be the new kid on the block in Hong Kong's banking sector, but it can draw on an illustrious heritage as it looks to pursue ambitious plans for expansion. Formed as a result of the acquisition of Coutts International from RBS by family-owned UBP, which has headquarters in Geneva, the new entity has its sights set on meeting the investment needs of Asia's ever-growing millionaire class. "Wealth is still being... https://www.scmp.com/business/article/1975529/generational-transition-technology-and-more-open-clients-offer-fresh-niches?utm_source=rss_feed https://www.scmp.com/business/article/1975529/generational-transition-technology-and-more-open-clients-offer-fresh-niches?utm_source=rss_feed Wed, 06 Jul 2016 08:00:15 +0000 Asia-Pacific is a strategic area for major private banks who are fighting a pitched battle to manage the wealth of the region's ultrarich. With China and India dominating the rise of the high-net-worth individuals globally in the past five years, these banks are doing their utmost to understand their spending habits, investing strategy and lifestyle choices. This has resulted in a number of research and focused studies. Swiss-based banking giant UBS teamed up with London-based WealthBriefing to... https://www.scmp.com/business/article/1975531/banks-turn-research-and-focused-studies-bid-get-upper-hand-scramble-manage?utm_source=rss_feed https://www.scmp.com/business/article/1975531/banks-turn-research-and-focused-studies-bid-get-upper-hand-scramble-manage?utm_source=rss_feed Wed, 06 Jul 2016 06:00:00 +0000 Wealth management is one of the least tech-literate sectors of the financial services industry, and is falling well behind non-financial services industries, according to a new report by PwC. What wealth managers offer is sharply at odds with what their clients, high-net-worth individuals (HNWIs), expect. PwC's report reveals that only one-quarter of wealth managers offer digital channels beyond e-mail. "With a client-base that feels only weak affiliation to its chosen providers, the sector is... https://www.scmp.com/business/article/1975499/wealth-managers-vulnerable-digital-innovation-fintech-incomers?utm_source=rss_feed https://www.scmp.com/business/article/1975499/wealth-managers-vulnerable-digital-innovation-fintech-incomers?utm_source=rss_feed Tue, 05 Jul 2016 16:45:00 +0000 Bank of Singapore has partnered with the Wealth Management Institute (WMI) and Nanyang Technological University (NTU) in Singapore to launch a new training and development programme - advanced diploma in private banking - for its private bankers. This marks the first time that NTU is collaborating with a financial institution to award an advanced diploma in the field of private banking. This programme will be accredited by the Institute of Banking and Finance Singapore (IBF) as an IBF Standards... https://www.scmp.com/business/article/1983126/bank-singapore-has-partnered-wealth-management-institute-and-nanyang?utm_source=rss_feed https://www.scmp.com/business/article/1983126/bank-singapore-has-partnered-wealth-management-institute-and-nanyang?utm_source=rss_feed Tue, 05 Jul 2016 16:30:00 +0000 The rich had a chance to bid for classic cars in an auction organised at The Repulse Bay. Hong Kong specialist auction start-up RL Neo Classics offered 26 largely 1970s-1980s collectables at the south side of Hong Kong island, on June 11. Only seven were sold in bidding but the auctioneer remained open to bids for many of the passed cars after the sale. A yellow 1997 F355 Challenge Race Car by Pininfarina fetched HK$1.6 million in competitive bidding, helped along by British auctioneer Gary... https://www.scmp.com/business/article/1975500/hong-kong-specialist-auction-start-rl-neo-classics-reminds-asian-collectors?utm_source=rss_feed https://www.scmp.com/business/article/1975500/hong-kong-specialist-auction-start-rl-neo-classics-reminds-asian-collectors?utm_source=rss_feed Tue, 05 Jul 2016 16:15:00 +0000 Wealth managers are divided on the issue of high-net-worth investors (HNWIs) taking a more primary role in their investment-making decisions. Morgan Stanley Private Wealth Management and Campden Wealth Research highlight advisers' continuing significance in portfolio policy in their "Family Decision-Making" report, released in April. Financial advisers "have a bigger role in investment decision-making for North American ultra-high-net-worth families than any other family member, group or... https://www.scmp.com/business/article/1975530/wealth-managers-split-whether-high-net-worth-investors-take-primary-role?utm_source=rss_feed https://www.scmp.com/business/article/1975530/wealth-managers-split-whether-high-net-worth-investors-take-primary-role?utm_source=rss_feed Tue, 05 Jul 2016 16:00:00 +0000 ABN AMRO Private Banking PARENT COMPANY: ABN AMRO Bank N.V. BRANCH OFFICES: Hong Kong, Singapore and United Arab Emirates (UAE) SENIOR MANAGEMENT Hans Hanegraaf, Country Executive Singapore & CEO Private Banking Asia & Middle East Ian Pollock, Regional Head of Private Banking International North Asia Angel Wu, Regional Head of Products & Solutions Asia & Middle East SERVICES OFFERED • Customised solutions in wealth creation, preservation and transfer • Expertise in wealth structuring and... https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983594/private-banking-listings?utm_source=rss_feed https://www.scmp.com/presented/business/topics/private-banking-directory/article/1983594/private-banking-listings?utm_source=rss_feed Sat, 25 Jun 2016 09:00:15 +0000