The past year’s expansion in Asia’s wealth management industry bears little resemblance to the boom of 2007, when firms were hiring indiscriminately and clients were less cautious, said the head of Credit Suisse Group AG’s private-banking unit in the region. (more…)

The Royal Bank of Scotland will use its banking licence to provide banking services to the well-heeled under its private banking division after it divests its retail and commercial business. (more…)

Not since the proposed changes to the taxation of UK resident non-domiciled individuals has such controversy been stoked as is the case with the proposals to change the rate of capital gains tax, says Christopher Shaw, group head of wealth planning at Societe Generale Private Banking Hambros. (more…)

State Bank of India, the country’s largest lender, plans to offer wealth management services to its affluent clients, chairman Om Prakash Bhatt said at the bank’s annual meeting of shareholders. (more…)

Swiss private banks are continuing to ramp up their presence in Singapore – encouraged by Asia’s economic boom and Europe’s tax clampdown – with two firms joining a raft of their peers in mounting a push into the high-growth region. (more…)

State Bank of India, the largest lender of the country, is looking at wider avenues to improve its efficieny and growth in the customer segment. The bank has implemented the concept of Super Circle of Excellence (SCE) in order to focus on selective branches of the bank so that it can indulge in increased growth, efficiency and high quality of customer service. (more…)

Kotak Mahindra Bank has emerged as one of the leading players in the private banking space in India. Disclosing its assets under management for the first time in an interview to ET NOW, C Jayaram, executive director of Kotak Mahindra Bank, said: “We have emerged as one of the leading players in the industry with assets under management in the range of Rs 13,000 crore.” (more…)

If there is any indication that women are breaking through the glass ceiling, this one is surely bankable. Women are walking away from jobs traditionally assigned to them and taking up ones that fetch them credit and solutions to the societal problem. The banking sector is one of those where women are not getting stuck in the rafters. (more…)

The global private banking model based on advice and long-term returns is struggling to gain traction in emerging Asia, where rich investors treat private banks like brokers and take big trading risks. (more…)

JPMorgan’s private banking arm in Asia is positioning for a deceleration in the global economy in the second half of 2010 by staying underweight on equities, a senior executive said on Tuesday. (more…)