Tag: bak

  • HSBC Snags UBS Investment Management Specialist

    HSBC Snags UBS Investment Management Specialist

    He will lead HSBC’s investments and wealth solutions team in Asia, which covers global private banking and wealth and personal banking.

    HSBC has appointed Stefan Lecher as regional head of investments and wealth solutions (IWS), Asia Pacific, with effect from 3 October 2021, according to an announcement on Thursday. He will be based in Hong Kong, reporting to Lavanya Chari, global head IWS.

    Lecher joins from UBS, where he has held a number of senior roles in global wealth management and asset management over the past 17 years, most recently as APAC head CIO for global investment management.

    HSBC said the appointment is key to its Asia wealth strategy, which targets becoming a leading wealth manager in the next five years, with $3.5 billion in investment.

  • StanChart Keeps Affluent Clients Engaged Amid Border Closures

    StanChart Keeps Affluent Clients Engaged Amid Border Closures

    The bank is deploying digital functionalities to keep clients stay engaged with relationship managers and investment advisors while travel is halted.

    Since April, almost half of its affluent clients have been using the bank’s My RM app, with significant usage from International Banking clients, Standard Chartered said.

    Embedded within its online and mobile banking platforms, My RM allows file sharing, screen sharing, and audio call functions, so clients can interact with their relationship managers directly, schedule appointments, and authorise investment transactions securely anywhere.

    With over 30 percent of the bank’s affluent clients in Singapore being international, having the right channels to stay in contact with clients is crucial, especially during these times, the bank said in an announcement on Friday.

    International Banking is a growing business for Standard Chartered with assets under management growing 30 percent over the past year, despite headwinds, according to the bank.

    To cater to this growth and tap on Singapore’s reputation as an international wealth hub, Standard Chartered plans to double its relationship managers and double its International Banking business in the next five years.