Private Banking
Hinduja bank reaffirms Swiss commitment, plans investment
Geneva-headquartered Hinduja Bank, part of India’s giant Hinduja Group, said it plans to grow and strengthen its operations in Switzerland.
Lombard Odier partners with Filipino bank to grow in Asia
Global wealth and asset manager Lombard Odier has signed a strategic agreement with UnionBank to offer its investment solutions to onshore private clients in the Philippines in a move that further expands the firm’s footprint in Asia.
China’s banks seek Hong Kong wealth management operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland high net worth individuals (HNWIs), industry players said.
Santander unveils new D2C execution only investment platform
Santander, one of Britain’s largest retail banks, has launched a direct-to-consumer platform for new and existing clients in the UK as part of a wider move to expand its face-to-face advice service.
Two Swiss private banks agree deal to build global giant
Zurich-based private bank, EFG International, has agreed a deal with Brazilian bank BTG Pactual to buy its Lugarno-based private banking unit BSI, one of the oldest Swiss banks, for about CHF1.33bn ($1.34 bn, £940m) in cash and stock.