Winners Stories23rd February 2021
Bank Julius Baer is pursuing a growth strategy that has seen it launch a joint venture (JV) in Thailand and unveil a new unit for the intermediaries market, comprising external asset managers: EAMs and financial advisors: EFAs, while its product and service offering performed well aided by a number of technology advances. Instruments such as real estate investment trusts
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Winners Stories22nd February 2021
Building a platform for business In this Q&A interview with Greg Barclay, keen cyclist and Head of International Wealth & Investment, Personal and Corporate Wealth, Standard Bank Offshore Group, the Channel Islands-based native South African talks about the Group’s collaboration plans with Salesforce, in conjunction with Microsoft and AWS, to move to being a cloud-based platform business that
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Winners Stories22nd February 2021
Centrum Wealth Management started in 2011 with a six member founding team who are still there. It now employs nearly 100 wealth advisors, who have a 35% stake in the firm ensuring entrepreneurial spirit, offices in 16 cities including Singapore, and a client base of more than 2,000 high net worth (HNW) families. It won Best Family Office category
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Winners Stories22nd February 2021
As China has advanced over the last decade so has China Merchant Bank offering professional investment services to multiplying high net worth (HNW) clients with assets of over RMB10 million (US$ 1.49m). A successful acquisition programme, expansion, upgraded family office and other measures mean it has been selected as a Highly Commended (HC) noteworthy entrant in the Outstanding Global
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Winners Stories22nd February 2021
DBS rose to the unique challenges of this year and last, from trade wars to Brexit, climate change and Covid-19, helping its Private Banking (PB) clients navigate these challenges and protect and enhance wealth, while still seeking out new markets and services via innovating products and digital tools. For all of these reasons it won the Outstanding Global
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Winners Stories22nd February 2021
A dedicated Global South Asian Business (GSAB) team at Emirates NBD Private Banking (ENBD PB), backed up with effective offshore capabilities, global branches and good digital offerings and technology, has allowed the Dubai-headquartered, UAE, bank to win the Outstanding NRI Global Indians Offering at the virtually-held Private Banker International (PBI): Global Wealth Summit & Awards 2020. ENBD PB boasts
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Winners Stories23rd February 2021
Ankur Maheshwari One of the many standout individuals recognised at the 30th annual Private Banker International (PBI): Global Wealth Summit & Awards 2020, held virtually due to Covid-19, was Ankur Maheshwari, CEO of Equirus Wealth Private Limited (EWPL) in India. He got a Rising Star for Asia-Pacific trophy for establishing the ‘ab-inito’ wealth management (WM) unit from the beginning
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Winners Stories22nd February 2021
Standard Bank Wealth and Investment is an integral part of the Standard Bank Group, which has grown out of South Africa to cover the continent. It uses this 150 year history and network to provide advice to wealthy clients, many of them emanating from the bank, but it also has a number of digitial tools to attract newcomers.
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Winners Stories22nd February 2021
Itaú Private Bank (PB) secured the most net new assets in a single year in its history in 2019, R$41bn (US$7.4bn), helping it burst through the R$500bn (US$90bn) assets under management (AUM) mark. It achieved this by listening to Brazilian customers and then using its findings to improve data usage, client experience (CX), analytical capabilities, communication and service, winning
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Winners Stories22nd February 2021
Thais now spend nine hours a day online and two thirds are on social media, especially Facebook, YouTube and the local Line (WhatsApp equivalent). Consequently, Kasikornbank has followed them online, providing new social investment reports, videos, seminars, and portfolio customisation & control tools that free up time for private bankers (PBs) to advise, rather than just update, clients. The
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Winners Stories22nd February 2021
BNP Paribas Wealth Management (WM) is a global business that is particularly strong in its European heartland, where it won a regional award at this year’s virtual PBI: Global Wealth Summit & Awards, held online on 9 October 2020. It also won recognition in the Outstanding WM Technology Initiative – Front-end category for its myWealth digital platform and the
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Winners Stories23rd February 2021
Maybank has on-the-ground operations in all 10 Association of Southeast Asian Nations (ASEAN) countries spanning Vietnam, Thailand and so on, plus its own ‘home’ markets where it is a universal bank offering services in Singapore, Indonesia and Malaysia. Its international network of over 2,600 branches in 18 countries is a useful channel to induct clients to its Private Bank
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Winners Stories22nd February 2021
Ahli United Bank (AUB) is a regional Middle-east bank with net profits of US$730 million last year that saw its assets rise by 13.4% to US$40,280m and deposits by 7.8% to US$25,518m. The Private Bank targets those with US$1m+ and has onshore units in the UAE, Baharain and UK, and a Trust Company in Guernsey. It offers
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Winners Stories22nd February 2021
Mizuho Securities Singapore Pte. Ltd signed a cooperation agreement with Lombard Odier (Singapore) to provide wealth management services to meet the offshore needs of Japanese and Asian ultra high net worth (UHNW) individuals, adding 100 such clients and US$800m in assets under management (AUM) last year. The link-up and further plans to add relationship managers (RMs) and grow AUM
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Winners Stories23rd February 2021
In this Question and Answer (Q&A) interview with Rajesh Saluja, CEO & MD, of ASK Wealth Advisors in India, the 53 year-old head of the firm discusses his personal and professional ambitions, background, the challenges of Covid-19 and of tighter wealth management regulations and fee transparency in India – not to mention talent shortages and tighter margins. However, the
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Winners Stories23rd February 2021
Quintet Private Bank (PB), formerly known as KBL European Private Bankers, is a Luxembourg-headquartered banking group founded in 1949 that operates in 50 cities across Europe with 2,000 employees. But it is making significant investments to grow further in people, products, new branding and geographic expansion, winning it Highly Commended (HC) status in the Outstanding Global Private Bank: Europe
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Winners Stories22nd February 2021
Standard Bank Wealth and Investment is an integral part of the Standard Bank Group, which has grown out of South Africa to cover the continent. It uses this 150 year history and network to provide advice to wealthy clients, many of them emanating from the bank, but it also has a number of digitial tools to attract newcomers. This
...[ Read more ]
Winners Stories23rd February 2021
Sustainability is a key emerging trend among high net worth (HNW) and ultra HNW clients globally, which is one of the many reasons Standard Chartered is embracing the Environment, Social and Governance (ESG) agenda, not to mention the good returns available, winning itself a Highly Commended (HC) trophy in the Outstanding Private Bank: Middle-East category at the online Private
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Winners Stories22nd February 2021
In this Q&A interview with ardent football fan and father of three, Luiz Severiano Ribeiro, the Global Head of Private Banking at Brazil’s Itaú Unibanco, discusses the bank response to the Covid-19 pandemic. Its provided structural support to customers to weather the crisis and support for emergency government initiatives. Question: Q1. Please briefly describe your career trajectory and interests?
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Winners Stories22nd February 2021
Taishin Bank International uses artificial intelligence (AI) to power its new 'Personalized Wealth Management Recommendation System' (PWMRS), which can rapidly calculate suggestions of optimal asset allocation to individual Taiwanese customers. It uses factors such as past habits, risk preferences – which it can further enhance – and so on to improve back office efficiency and automated delivery of data
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Winners Stories23rd February 2021
Investment options and mechanisms change over time for high net worth (HNW) clients. But Taurus Wealth Advisors is ready for bear markets, as much as it is for growing bull markets, thanks to its diverse range. This is why it received a Highly Commended (HC) recognition at the 30th annual PBI Global Wealth Summit & Awards 2020 in the
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Winners Stories22nd February 2021
In this Q&A interview with Amy Lo, Co-Head of Wealth Management APAC and August Hatecke, Co-Head of Wealth Management APAC, UBS Global Wealth Management as they reflect on UBS’ growing wealth management business in Asia, Covid-19 impacts, and how increasing digitalisation must be balanced by the on-going need for the human touch. Humanitarian and market principles are also to the fore
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Winners Stories22nd February 2021
UBS has long been one of the largest incumbent global players in private banking and wealth management. It has successfully parlayed its strength into on-going growth in Asia via new schemes in China, Japan and Singapore, hitting a record operating income of US$795 million in Q1 this year. This gives UBS as strong a foothold in the region as
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