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• September 3, 2010 - JP Morgan AM Establishes Retail Presence In Singapore
  

  JP Morgan Asset Management has launched 21 mutual funds in Singapore's retail market. The majority of the funds are existing under the JP Morgan brand and are now registered in Singapore. The funds, most of which were involved in emerging markets and commodities, were previously marketed to high net worth individuals in the city-state through private banks.

• September 3, 2010 - Equity Trust Hires Private Client Specialist For Hong Kong Branch
  

  Private client specialist Karen Choy has joined the Hong Kong office of Equity Trust as its new head of trustee services. Choy has extensive experience in the financial services industry, with a particular focus on wealth management solutions for high net worth clients. In her new capacity, she manages and monitors the Trustee Services division, which works with HNW clients and their advisors for their business, fiduciary and financial needs Equity Trust in Hong Kong is the firm's largest in the Asia Pa.

• September 3, 2010 - Morgan Stanley Beefs Up Australian Wealth Unit With New Hires
  

  Morgan Stanley Smith Barney has named three senior financial advisors to its Australian wealth management division. Mark O'Sullivan, James Gosnell, and Chris Watson have joined the company's Sydney office as advisors. The three previously worked for Macquarie Private Wealth, specialising in international markets.

• September 3, 2010 - Head of Asia-Pacific Wealth Arm At Merrill Lynch Resigns
  

  Antony Hung, Merrill Lynch's head of wealth management in Asia-Pacific, will retire after a career spanning almost 18 years at the US firm, this publication can confirm. Wilson Ho, head of North Asia wealth management for Bank of America's wealth unit, will serve as interim head of the Asian unit, a spokesperson said. "I can confirm that Antony is retiring to spend more time to pursue alternative professional interests.

• September 2, 2010 - Withers Takes First Step Towards Shanghai Launch
  

  The international law firm Withers has entered a consultancy agreement with BeA-asia, a Shanghai-based financial services advisory firm, as the first step in its plans to launch its own office in the city. The aim of the tie-up is to explore the Chinese wealth management market and analyse the opportunities for serving the country’s burgeoning high net worth population, the firm said in a statement. “China is currently the world’s .

• September 2, 2010 - Credit Suisse Appoints Ex-UBS Man As Private Bank CEO For Hong Kong
  

  Credit Suisse said today it has appointed former UBS senior manager James Hong as private banking chief executive for Hong Kong, effective from 1 September. Hong reports to Marcel Kreis, head of Private Banking Asia Pacific, the Swiss bank said in a statement. .

• September 1, 2010 - Wealth Management Recruiter Opens Singapore Office
  

  Gibson Tullberg, the wealth management headhunter, which already has offices in London and Switzerland, is opening a Singapore office this month to serve Far East markets, this publication has learned. The office will be run by Jessica Torres Schernthaner, who has relocated from London to run the new practice and will be supported by co-partner Matilda Gibson-Tullberg. The expansion follows the firm's formal move into the Swiss market in 2009.

• September 1, 2010 - Société Générale Private Banking Appoints New South Asia Chief Executive
  

  Société Générale Private Banking has appointed Olivier Gougeon as chief executive for South Asia, based in Singapore, effective immediately. He replaces Pierre-F Baer, who takes up a new role in the French banking group. Gougeon had previously been based in London global head of the wealth planning and fiduciary services centre of expertise at the private bank, a role he has held since 2007, the firm said in a statement today.

• August 31, 2010 - Shanghai Pudong Posts 34 Per Cent Earnings Rise In First Half
  

  Net earnings at Shanghai Pudong Development Bank went up 34 per cent to RMB9. 08 billion ($1. 33 billion) in the six months to 30 June compared to the year-earlier period, attributed mostly to strong interest income.

• August 31, 2010 - Threadneedle Builds On Southeast Asian Growth With New Appointments
  

  Threadneedle has named Sandra Cheng to the newly-created position of head of institutions for Southeast Asia. Cheng joins the company from Deutsche Asset Management, where she was responsible for business development in the region, covering corporates, endowments, government-sponsored entities and pensions. She has worked for global financial firms in Hong Kong and Singapore, including HSBC Global Asset Management an.




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