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Endowus has Hong Kong’s private banks in its crosshairs
Digital wealth advisor Endowus is looking to crack Hong Kong’s growing wealth market after establishing a foothold in Singapore, as part of its broader efforts to disrupt the regional private banking...
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It’s about to get easier for HK family offices to cash in on 120% bitcoin rally
HNWIs and family offices keen on dabbling in Web 3.0 will soon have an easier and less risky channel in Hong Kong as asset managers in the city prepare to introduce spot virtual asset (VA)...
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APB honours Technology Awards 2023 winners with gala event
Asian Private Banker was proud to honour the winners of its 9th annual Technology Awards at a gala event in Hong Kong that celebrated the cutting-edge advancements of the tech vendors serving the...
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HSBC GPB seeks to flex AI muscles after Silicon Valley Bank buy
HSBC Global Private Banking is hoping to take advantage of a growing buzz among Asian UHNW clients when it comes to artificial intelligence (AI), with interest in this area set to rise further as the...
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From Club Med to fintech: China’s Fosun ramps up wealth push
While Fosun Group is better known for its ownership of trophy European assets like resort group Club Med and fashion brand Sergio Rossi, the Shanghai-based conglomerate is boosting its presence in the...
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India’s 360 ONE WAM steps up digitalisation with wealthtech acquisition
Indian wealth manager 360 ONE WAM has fully acquired a domestic digital investment advisor, marking its first move into wealthtech. 360 ONE WAM will acquire 100% of ET MONEY via a stock swap deal and...
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Electronic trading of IG bonds is surging in Asia: Here’s why
Private banks in Asia are showing increasing interest in US investment grade (IG) bonds, with the volume of these instruments being traded on electronic platforms skyrocketing by more than 200% in...
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Hywin exits US$1.2bn wealth management business
Shanghai-based Hywin Holdings (Hywin) is to exit from the wealth and asset management business, switch its focus to the technology sector and change its name as part of a new strategic business...
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Endowus targets fund management employees with B2B solution
In its latest effort to disrupt the regional wealth management industry, digital wealth advisor Endowus has launched a B2B solution that targets fund managers’ employees, the firm exclusively shared...
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How Hong Kong family offices are riding US$1tn AI wave
Hong Kong’s family offices are implementing artificial intelligence (AI) across a broad range of functions, primarily to automate otherwise lengthy and manual processes but also to enable them to tap...
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Singapore, Hong Kong regulators sharpen focus on digital assets
Singapore and Hong Kong are accelerating their efforts to create a stable regulatory environment for digital assets, as these investments increasingly come onto the radar for private wealth clients...
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iCapital names Goldman Sachs veteran as new APAC head
Global fintech iCapital has made two senior appointments to strengthen its leadership in Asia Pacific (APAC) and Europe, Middle East, and Africa (EMEA) as part of the firm’s global expansion efforts....
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Fintech Broadridge names new APAC president
Global fintech firm Broadridge Financial Solutions has appointed a new president for Asia Pacific as it seeks to strengthen its business among wealth managers and asset managers in the region. Based...
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A glimmer of hope? Hong Kong’s struggling virtual banks gain traction in...
Hong Kong’s struggling virtual banks – none of which have achieved profitability – have nevertheless made some progress in wealth management account opening and growing AUM. The total number of wealth...
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Tech platforms disrupting alts space with aggressive expansion in Asia Pacific
While private market investments were once primarily the domain of institutional investors, the space is undergoing rapid disruption in Asia Pacific as fintech platforms continue to expand...
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Does Asia need a ‘private bank for crypto’? HashKey thinks so
Digital asset player HashKey Group is taking a leaf out of the private banking playbook to model its wealth business as a “private bank for the crypto industry.” HashKey Wealth, a subsidiary of...
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Asset managers pile into HKMA’s tokenisation sandbox
A number of asset managers in Hong Kong have joined a newly launched tokenisation sandbox designed to accelerate the adoption of tokenisation within the financial sector. Firms including BlackRock,...
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Generative AI: More hype than opportunity for private banks?
High-volume businesses with large client bases appear to immediately benefit from implementing generative AI to improve efficiency and reduce costs. However, it is less certain whether private banks,...
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Singapore’s SFO philanthropy scheme starts slow; Hong Kong AI governance...
Singapore’s Philanthropy Tax Incentive Scheme (PTIS), which seeks to incentivise single-family offices (SFOs) to commit capital to charitable causes, has seen sluggish demand since opening at the...
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US$192bn alts firm launches digital private markets platform
Alternatives asset manager Blue Owl Capital has launched a new digital private markets platform targeting financial advisors and their clients. The new platform, The Nest, looks to be a comprehensive...
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HSBC GPB partners with iCapital for alts tech in Hong Kong, Singapore
Global fintech firm iCapital announced on Monday that it is providing its technology to HSBC Global Private Banking (HSBC GPB) in Hong Kong and Singapore. iCapital’s end-to-end enterprise solution...
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BEWARE: Hong Kong private bankers – these wealth techs want to eat your lunch
Digital wealth platforms are expanding services in Hong Kong in an effort to grab an even greater share of the mass affluent and high net worth (HNW) market, believing private banks are failing to...
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StashAway targets HNWIs in UAE with private market offerings
Singapore-based digital wealth manager StashAway is targeting high net worth individuals (HNWIs) in the United Arab Emirates (UAE) with the expansion of its private markets offering to the region. The...
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Moonfare taps Blackstone for APAC head
US$3.4 billion digital private equity firm Moonfare has named a new head for Asia Pacific. Based in Singapore, Adam Banks has been appointed as Asia Pacific head and will steer the firm’s development...
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Is Chocolate Finance the sweet spot for affluent cash?
Singapore’s Chocolate Finance is looking to change the game for affluent spare cash with an offering which provides stable returns backed by underlying investments in short-term corporate bonds. With...
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Hg partners with alts tech S64 to tap Australian wealth market
Alternatives fintech firm S64 has expanded its partnership with private equity firm Hg to distribute the latter’s flagship fund to Australia’s wealth industry, Asian Private Banker can first reveal....
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Ex UBS CEO joins digital wealth player eyeing Singapore market
Arta Finance, a digital wealth platform backed by former Google and Mastercard executives, has appointed the ex group CEO of UBS as an external advisor as it seeks to join Singapore’s wealth boom....
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Citi pushes digital future for HNW clients in Hong Kong amid banker exits
Citi has seen a marked increase in HNW clients using its digital wealth platform in Hong Kong. Meanwhile, the Wall Street lender has taken steps in recent months to restructure this client segment...
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Private banks have “long way to go” to match Netflix experience: BlackRock...
As private banks work to boost assets under management (AUM) through enhanced client experiences, one question is: are they effectively using technology to create a ‘Netflix-like’ investment...
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Ex-Pictet CEO develops “next frontier” wealth tool
After spending over 25 years in wealth management, Dominique Jooris chose a new path by founding tech solution WMCockpit. The intention was not to establish another independent firm, but to introduce...
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iCapital enters strategic partnership to expand Gulf coverage
Alts fintech iCapital has entered into a strategic partnership with outsourced investor relations firm MPW Capital Advisors (MPW) to amplify its growth in the Gulf Cooperation Council (GCC), iCapital...
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“It’s been a journey for us”: How DWS is charging up its crypto game
German asset manager DWS, with EUR 963 billion under management, has launched a cryptocurrency investment product and is planning to roll out a stablecoin next year. Once live, the team is looking to...
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“Tech theme of the decade” – UBS reveals how to tap booming AI opportunity
With artificial intelligence (AI) adoption rapidly becoming a cornerstone of business strategy, particularly in the US, UBS explains how to best tap this exploding opportunity. AI adoption continues...
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S64, DWS expand wealth solutions partnership to Australia
Alts fintech S64 and €963 billion AUM asset manager DWS have expanded their partnership with the launch of a sustainable infrastructure-focused wholesale Australian unit trust. In 2023, the two firms...
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“110 petabytes, 100,000 servers”: The Herculean digital effort to merge UBS...
Bringing together two banking giants on the scale of UBS and Credit Suisse is no small feat. With 3,000 applications, 110 petabytes of data, 100,000 servers, and 16 data centres being integrated,...
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Tech sprawl plagues Hong Kong’s wealth managers – report
Technology proliferation continues to obstruct the work of wealth managers in Hong Kong, a new industry report has found. Nearly half (47%) of wealth managers in Hong Kong identified difficulty in...
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Former Google exec plans to democratise wealth management with AI
Caesar Sengupta is no stranger to the disruptive power of technology after leading Google’s mobile payments division. Now, the former general manager of the US tech giant is seeking to democratise...
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Endowus onboards HPS private credit fund in latest HNW push
Digital wealth platform Endowus has expanded its private asset offerings through a partnership with HPS Investment Partners (HPS), as the Asia-focused firm seeks to increase its penetration with U/HNW...
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Hong Kong’s private banks risk missing out on digital assets boom
Hong Kong’s private banks are hesitant to develop their digital assets offerings and risk losing out to fintechs, industry experts told Asian Private Banker. Hong Kong’s Private Wealth Management...
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Nomura IWM hires Deutsche Bank Private Bank COO in APAC
Nomura International Wealth Management (IWM) has hired Deutsche Bank Private Bank’s COO for emerging markets, according to an internal memo seen by Asian Private Banker. Sudhir Nemali joined the bank...
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Digital family office takes crypto lead as private banks hesitate
Raffles Family Office is betting big on digital assets, offering its own specialised services for wealthy families in Asia in contrast to the hesitation among private banks after a series of blowouts...
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DeepSeek: More evolution than revolution? CIOs weigh in
Outperforming rivals like ChatGPT at lower cost, China’s DeepSeek R1 challenged assumptions about not only the dominance of US tech firms in the booming artificial intelligence (AI) space – but also...
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Private markets are not just for the ultra rich: Endowus CIO
Once dominated by institutional giants pouring in billions of dollars, private markets are now a prime playground for high net worth (HNW) investors, thanks in part to technology revolutionising...
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Hong Kong unveils grand plan for crypto: Will it work?
Hong Kong’s securities regulator has unveiled a roadmap for its ambitious goal of developing the the city into a global virtual asset hub. Digital asset executives speaking to Asian Private Banker...
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How BlackRock powers Bank of Singapore’s CIO 2.0 vision
In 2024, Bank of Singapore set out to redefine its investment approach with the launch of CIO 2.0, a strategy focused on strengthening portfolio management. A key component is its adoption of...
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BoS and UOB PB COOs modernising client onboarding for the future
The client onboarding process is crucial for private banks but often complex and time-sensitive, requiring them to balance regulations, risk assessments, and operations while ensuring a smooth client...
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Bottom Line: Chocolate Finance’s sticky situation
Warren Buffett famously said: “Only when the tide goes out do you see who’s been skinny-dipping”. Chocolate Finance would do well to listen to the world’s most famous investor, after the...
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Revealed: What’s keeping private bank COOs up at night
Asian Private Banker is proud to unveil the 2025 edition of our annual COO Focus, gathering the latest views of regional private bank operational chiefs on everything from compliance costs, to...
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Ares ties up with Allfunds to boost private markets distribution
Alternative asset manager Ares Management Corporation (Ares) has joined the Allfunds Private Partners (APP) programme as it seeks to broaden its distribution in the wealth space. Through the...
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Macquarie AM eyes Asian wealth with S64 tie-up
Macquarie Asset Management (Macquarie AM) has teamed up with alternatives-focused fintech S64 to distribute an evergreen solution to wealth managers in Asia Pacific. The energy transition...
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