Tag: Wealth management
Crédit Agricole tops French rankings, prospers in Japan
International | Industry
10 Nov 2020 by SRP News
The group’s third quarter 2020 activity recovered to its pre-crisis levels as it becomes the number one structured product issuer in France.
Van Lanschot Kempen, SocGen partner in Asian index basket revival
Europe | Products
15 Sep 2020 by Marc Wolterink
The Dutch wealth manager is hoping for a repeat performance with its first public offer on a basket of Asian indices in six years after selling four tranches of the previous structure.
Exclusive: UBS names head of WM capital markets Apac
International | People
11 Sep 2020 by Summer Wang & Pablo Conde
The Swiss bank continues with the reorganisation of its wealth management business under the new Unified Global Capital Markets unit which brought global wealth management, investment bank financing and risk management under one umbrella earlier this year.
China Merchants, Ping An continue structured deposit scale down
Asia Pacific | Industry
07 Sep 2020 by Summer Wang & Pablo Conde
China Merchants Bank realised a net profit of CNY50.1 billion (US$7.3 billion) in the first half of year, down 1.5% from a year ago, as its increased net operating income was offset by a 22.3% increase of expected credit losses at CNY40.4 billion, mostly on loans and advances to customers.
China’s ABC gains market share despite WMP losses
Asia Pacific | Industry
02 Sep 2020 by Summer Wang & Pablo Conde
The third largest Chinese bank by assets posted a net profit of CNY109.2 billion (US$16 billion) in the first half year, down 10.8% from a year earlier.
CIBC roars back, Desjardins keeps the pace
North America | Industry
28 Aug 2020 by Lavanya Nair & Pablo Conde
Canada’s prominent providers Desjardins and Canadian Imperial Bank of Commerce (CIBC) have yielded mixed results for the second and third quarter of 2020, respectively.
BMO, RBC issuance suffers sequential slide
North America | Industry
27 Aug 2020 by Lavanya Nair & Pablo Conde
Canada’s leading providers Bank of Montreal and the Royal Bank of Canada have seen their structured product issuance tumble in Q2 from the first quarter of 2020, SRP data shows.
Exclusive: HSBC head of Americas EQD sales exits
International | People
26 Aug 2020 by SRP News
HSBC Bank USA veteran Todd Fruhbeis (pictured) has parted ways with the UK banking group after 15 years. The New York-based wealth management sales for the Americas executive had responsibility for the sales of markets products for retail and high net worth distribution channels in the Americas, since 2005.
Bank of East Asia shifts focus to Greater Bay Area
Asia Pacific | Industry
24 Aug 2020 by Summer Wang & Pablo Conde
The Hong Kong banking and financial services group reported a net profit of HK$1.56 billion (US$201m) in the first six months of 2020, a 50% rise year on year.
