Jeremy Chan

Two senior UBS private bankers have joined Singapore-based independent asset manager and multi-family office HP Wealth Management, highlighting continued movement of relationship managers from private banks to independent firms in the region. Michael Sutter Michael Sutter and Alex Grindley have been appointed senior relationship managers at HP Wealth Management. Sutter brings more than 25 years of wealth management experience at…

India's robust economic growth and strong equity market performance have minted a larger pool of first-generation entrepreneurs, and with it, a growing class of emerging high net worth individuals, wealth managers told Asian Private Banker. “India's wealth creation story over the past five years has been remarkable, and I believe the underlying drivers are structural rather than purely cyclical. Several…

A Hong Kong-based multi-family office has appointed a banking veteran to spearhead the expansion of its external asset management (EAM) platform, marking the latest sign of a broader talent shift from traditional banks to independent wealth spaces. Alex Cheung Atlas Capital Asset Management (HK) announced on Tuesday the appointment of Alex Cheung, the former head of the institutional banking group…

Delays in account opening and the uncertainty of residency applications in Singapore are deterring Chinese ultra high and high net worth (U/HNW) individuals from booking their assets in the city-state. This is according to Jiang Yan, CEO, Hefeng Family Office, who told Asian Private Banker that it “still takes much longer to open bank accounts for clients” amid increased document…

A former executive director at DBS Private Bank has taken on a senior wealth management role at an independent asset manager, in a move that follows an ongoing trend of talent moving from private banks into the independent wealth space. Angela Saik Angela Saik has been appointed managing director, wealth management, Lighthouse Canton, according to a statement released today. Saik…

Uncertainty about the ongoing Middle East conflict and a desire for stability and investment opportunities are leading more Asian high net worth individuals to look towards Thailand as a haven to park their assets for the long term, wealth management leaders told Asian Private Banker. While hubs such as Hong Kong and Singapore continue to attract HNW investors, the need…

A confluence of factors is redirecting wealth towards Hong Kong, which will further stoke competition between independent wealth managers and private banks for a larger share of capital and talent, Kenny Ho, founder and managing partner, Carret Private, told Asian Private Banker. The strong Hong Kong IPO market has minted many wealthy Chinese individuals. Meanwhile, Taiwan's AI and chip-led boom…

Not enough Asian ultra high net worth (UHNW) individuals put adequate care or thought into the post-retirement process, Tony Chan, partner, Lioner International Group, told Asian Private Banker. While they excel at running their businesses and creating wealth, some of them are “still at an early stage” in wealth planning, he said. Tony Chan, Lioner International Group “They are unsure…

Private banks that put mass affluent clients in front of an artificial intelligence bot rather than a real person will see them walk away and flock to those that prioritise the human touch, independent wealth managers told Asian Private Banker. “As big institutions push the mass affluent toward automated channels, clients who value human judgment [will] migrate to independent platforms,”…

Wealthy families and professionals are returning to Hong Kong, driven by competitive local tax incentives and rising geopolitical volatility abroad, according to BMP Wealth CEO Howard Clark-Burton Speaking to Asian Private Banker, Clark-Burton highlighted the city's recently gazetted tax bill as a decisive factor for asset managers escaping high-tax regimes in London and Singapore. Howard Clark-Burton, BMP Wealth “Without a…