October 2020
HDFC’s Puri: India’s big picture banker
In 1994, Aditya Puri left Citibank to launch a new institution in a rapidly changing India. As he prepares to retire after 26 years, HDFC Bank stands apart as the strongest and most successful private-sector bank in the country.
Generation next and the great wealth transfer
The greatest wealth transfer in history is taking place, as baby boomers pass the mantle – and their money – to a lucky few millennials, but the process is strewn with obstacles. Inheriting a lot of money is one thing, knowing what to do with it quite another. This is where good relationship managers come in.
ESG data – mind the gaps
The $40 trillion environmental, social and governance investment industry is built on a bedrock of data from an ever-widening range of sources. Is that data fit for purpose?
Unicaja swims against the stream
As Spain prepares to digest the €17 billion merger of CaixaBank and Bankia, Andalucían lender Unicaja has revived merger talks with rival Liberbank as it faces a threat to its regional dominance. While its community roots are an advantage, it also needs an answer to the calls for change
It seems odd that a good soldier like Mike Corbat should hand to one of his colleagues the tough task of leading Citi through the Covid battlefield.
As the second wave of the coronavirus hits, The Hut Group may win from new lockdowns after completing the biggest UK IPO in five years and largest ever for a tech company.
Everything points to intense pressure for Hong Kong’s markets: global pandemic, geopolitics, local unrest. Yet HKEX just had a record first half. Its chief executive explains why.
September 16, 2020
Brazilian bank set to take in US firm’s domestic bankers and clients.
September 21, 2020
The world’s largest asset manager and banking leader work with Saphyre to take the pain out of custody and broker account opening for asset managers.
Private Banking
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Joseph Poon is group head of DBS Private Bank, one of Asia’s leading wealth managers. But the event that drives him today, informing his values and his views on investing and risk management, was stepping aboard a rickety raft in 1976 to flee an impoverished and divided Vietnam. -
Private banks are having a good pandemic, streaming Covid-themed webinars to high net-worth clients. Now they’re competing with each other to hire the biggest names in US politics to explain to wealthy investors what Trump or Biden will do.
India
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Edelweiss has grown over 25 years into an independent and successful diversified financial services group, but it needs capital. Its decision to sell a controlling stake in its wealth management business spotlights the institution and the potential of the sector.
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The country is enjoying a record year in equity capital raising, built on rights issues by Reliance Industries and the country’s top banks. Behind the numbers, however, there are signs that the leaders will get stronger, while those behind may struggle.
