Search Results for HSBC
Summary Of Miscreants In The World's Wealth Management Industry
May 24, 2013
Editor's note: this item has been updated to take account of latest developments involving JP Morgan in the UK. The “naughty corner” for miscreant banks and other wealth management institutions is getting crowded. Charges of interbank rate fixing, lax anti-money laundering controls and questionable pricing policies have been levelled - and in some cases punished heavily.
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EXCLUSIVE INTERVIEW: Making A Success In Japan - The UBS Way
May 23, 2013
Editor’s note: WealthBriefingAsia - sister publication to this website - recently interviewed Yuji Watase, managing director, head of markets, wealth management, at UBS’ Tokyo Branch, concerning how the firm approaches the Japanese market - one that has traditionally proven a difficult sector for non-domestic firms to penetrate. Japan is very much on people’s minds at the moment, as illustrated a few days ago when the Yen rose above 100 against the dollar, in response at least partly to the new Japanese administration’s moves to reflate the economy. So how does UBS approach the Japa.
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INTERVIEW: The Sky's The Limit For RMB-Based Products, Says HSBC Private Bank
May 22, 2013
The steady rise in the value of China’s renminbi currency and the ascent of its still relatively modest offshore RMB bond market present rich opportunities for investors – and HSBC Private Bank is determined its clients get plenty of the action. At present, the offshore bond market is expected to reach RMB350 billion ($56 billion) of issuance by the end of this year, up from RMB275 billion in 2012, the bank has argued as recently as April. The offshore RMB market already works as a platform for renmbini activities by non-residents; in Hong Kong, such deposits in the currency.
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UBS Intensifies Its Commitment To Brazil With New CEO Hire From HSBC
May 21, 2013
UBS has appointed Sylvia Coutinho as chief executive of UBS Group Brazil, effective when current CEO Lywal Salles retires on 24 June. Coutinho was previously head of retail banking and wealth management for Latin America and asset management for the Americas at HSBC. She has also worked in a number of other senior Americas-based roles at that firm - primarily in wealth management, private banking and asset management.
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INTERVIEW: UK's Vestra Wealth Treats US Tax Compliance Rules As An Opportunity
May 21, 2013
Some wealth management firms outside the US may be turning down American expat clients due to their being seen as a compliance nightmare but as far as UK-headquartered Vestra Wealth goes, this is a customer segment worth catering to. Last week, the firm – set up almost five years ago by former UBS senior manager David Scott and other colleagues – announced it was creating Vestra US Wealth Management, designed specifically for US clients facing the kind of complex tax and financial issues raised by the recently-enacted FATCA Act. FATCA – or Foreign Account Ta.
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M&G Adds Ex-HSBC Man To Retail Fixed Interest Team
May 20, 2013
UK-listed M&G Investments has appointed Andrius Isciukas to the newly-created role of fixed income analyst, within its retail fixed interest team. Isciukas was latterly a global high yield analyst at HSBC Asset Management, before which he served as a real estate portfolio analyst at UBS Global Asset Management. Isciukas will work closely with Stefan Isaacs and James Tomlins on high yield portfolios, and Ben Lord on investment grade funds.
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Summary Of Latest Private Banking, Wealth Management Results
May 17, 2013
Here is a summary of results from private banks and other wealth management firms in North America, Asia, Europe and other locations. Note that not all the institutions are exactly comparable and may report their wealth management business in different ways. The figures may be revised at a later date as more figures come in.
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HSBC's Private Bank May Sell Monaco Business, Has Received "Unsolicited" Interest
May 15, 2013
HSBC Private Banking Holdings (Suisse), part of a global banking group that has spun off a number of businesses to boost profitability, says it is reviewing its Monaco private banking operation with a view to a possible sale. Meanwhile, the parent bank, in a statement issued to the London Stock Exchange today ahead of a presentation to investors, said it is targeting "additional sustainable costs savings of $2-3 billion". As far as the Monaco business was concerned, the bank said late yesterday: HSBC “confirms that it is conducting a review of its op.
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Barings Names New Head Of Sales For Asia
May 14, 2013
Baring Asset Management, the London-headquartered investment house which is part of MassMutual Financial Group, has appointed Marco Tang to the newly-created role of head of sales, client service and business development for mutual fund distribution, across Hong Kong, China and Singapore. Tang joins Barings from JP Morgan Asset Management, where he was executive director and head of intermediary business. Before that, he held a number of sales roles at Allianz Global Investors, HSBC Asset Management and Jardine Fleming Unit Trusts.
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EXCLUSIVE: CIC Banque Privee Names Market Head For NRI, South Asia Clients
May 13, 2013
Mani Sitaraman has been appointed managing director and market head for the non-resident India and South Asia client segment for CIC Banque Privee, this publication can exclusively report. CIC Banque Privee confirmed the appointment to this publication. He was previously managing director at BSI Bank Singapore and head of wealth management services at that firm; prior to that, Sitaraman was executive vice president at RBS Coutts (now Coutts), where he was market head, South East Asia and NRI Asia.
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Guest Comment: Will The UK's General Anti-Abuse Rule Do What It Claims?
Laurence Field and Tim Norkett
May 8, 2013
INTERVIEW: London & Capital Upbeat On Its New Immigration Service, Sees Strong Pipeline
Tom Burroughes
May 23, 2013
"What Keeps You Awake At Night?” - Security Issues Underscored By BVI Data Leak
Mustafa Hussain
April 11, 2013
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