Private Banks

2024 was a watershed year for BEA Private Banking, with fee income surging by over 30% and operating income posting double-digit growth.

In 2024, the US bank delivered impressive results, with the firm's asset & wealth Management division achieving strong performance.

The move follows RBC’s Singapore expansion in March, where Kamran Azim took on dual roles as head of private banking and regional COO.

With non-resident Indian (NRI) clients increasingly seeking cross-border investment solutions, Singapore’s booking center has become indispensable.

Former HSBC CEO Noel Quinn will also join the Swiss wealth manager as its next chairman in May.

CBH reported CHF 16.3 billion in assets under management (AUM) in 2024.

Cavalli’s mandate will be to increase global connectivity for every client that could benefit from it.

The expansion is also part of Standard Chartered’s broader strategy to invest US$1.5 billion in its affluent business over the next five years.

Based in Hong Kong, Chang will report to Mike Tan, global head, wealth planning and family advisory.

The Malaysian bank taps veteran COO from Citi Global Wealth.

As market uncertainties persist, UBS is guiding clients toward FX hedging, global diversification and alternative investments—strategies that could define portfolio resilience in the coming decade.

With sustained momentum in AUM growth and strategic hires, OCBC is positioning itself for further gains in Greater China’s competitive private banking landscape.