All articles by Thomas Zink
Mandiri, Citibank ink distribution deal for mutual funds
Indonesias third-largest fund management firm, Mandiri Manajemen Investasi signed an agreement with Citibank turning the local unit into the sales agent for two of its mutual fund products: Mandiri Investa Equity Movement (MIEM) and Mandiri Investa Pasar Uang (MPU).
Taking the pain out of paperwork
Private banks have searched for ways to empower their relationship managers (RMs) in the client discussion, while managing cost more carefully. Thomas Zink talks to Andrew Au and Lawrence Grinceri from AG Delta about their vision of an integrated, dynamic one-stop platform for RMs
DBS sees normalisation of risk
Singapore’s DBS expects a normalisation of risk premiums on equities, given the fact that things do not look as grim as they used to and many of the shock scenarios, such as a breakdown of a major international bank, the fiscal cliff in the US, an EMU breakup, or a hard landing in China, have not come true.
Changing investment paradigms
Not a genuinely new investment approach, risk parity asset allocation has eventually found its way to Asia. Lombard Odier Investment Managers’ deputy global chief investment officer Jean-Louis Nakamura argues the case of risk parity over a traditional equity-centric asset allocation. Thomas Zink reports.
Moving towards an advisory fee model
The need for a new private banking business model and the digitalisation of customer interactions and management were two of the key issues to emerge from this years Private Banker International Wealth Summit held in Singapore on 24 October 2012. Thomas Zink highlights some of the key discussions.
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Private banking 2022 – moving towards an advisory fee model?
The global private banking industry came together at the Private Banker International Wealth Summit in Singapore on 24 October 2012. While many topics were discussed, the key issues were the need for a new private banking business model and the digitalisation of customer interactions and management.
Singapore soon Asia’s Fort Knox?
Singapore is increasing itsattractiveness as Asias private banking centre further by scrapping a 7% tax on gold and silver in an effort to turn the city into a precious-metals trading hub to rival London and Zurich, where value-added taxes don’t apply to the investment-grade gold trade.Global insecurity has driven investors to gold and silver in recent years.
Singapore ahead of HK as Asia’s offshore centre
The latest edition of the Asia-Pacific Wealth Report 2012 by Capgemini and RBC Wealth Management confirmed some of the latest trends in Asian wealth management A notable example isSingapore taking the lead as Asias offshore private banking centre as well as wealth creation is driven by the affluent segment ($1m to $5m) Hong Kongs HNWIs on the other hand faced a difficult year and realised the steepest decline in wealth by 20.1% to $408tr in 2011 in all of Asia
Outsourcing in private banking – a natural evolution
Patrick Dreyfuss, deputy regional CEO and regional COO of Socit Gnrale Private Banking (Asia-Pacific), speaks to Thomas Zink about the operational investment priorities of private banks in Asia and ways to tackle the cost challenges In this role he managed the migration to a new dedicated private banking platform and established Singapore as the regional hub for private banking in Asia-Pacific
LGT to double Asian assets
LGT Group, the Princely House of Liechtensteins private bank, plans to double assets in Asia to $24bn in the next five years after adding staff and investing in information technology.