The Top 5 Wealth Managers in Asia
Hong Kong and Singapore’s best private banks for HNW and UHNW individuals.
We bring you a list of the world’s top private banks — and the star names behind them — compiled in partnership with Wealth In Asia. This top five is as high profile and influential as the ultra-high-net-worth clients they represent.
London and Capital Asia
Location: Hong Kong
About: London and Capital Asia is the brainchild of a group of passionate bankers who, after nearly 30 years of senior management positions in large international banks, felt that teaming up independently as a boutique multi-family office was the way to best fulfil their ambition of providing high-quality advice to clients.
Notable name: Philippe Legrand, CEO — Legrand has been in the financial industry for more than 30 years. Prior to co-founding L&C Asia in 2010, he ran north Asian private banking activities for a number of European banks after arriving in Hong Kong in 1995.
HP Wealth Management
Type of clients represented: HNW, UHNW and families
Notable name: Urs Brutsch, managing partner and founder — Brutsch has 30 years’ experience of private banking in European and Swiss banks under his belt. He has serviced a number of HNW and UHNW families in Singapore. He set up HP Wealth Management to advise on the assets of Asian, particularly Singaporean, wealthy families, including all-liquid, illiquid, non-bankable and business investments.
Bordier & Cie
Type of clients represented: UHNW, HNW families and individuals in Europe and Asia
Notable name: Alessandro Caldana, managing director — Caldana has 15 years of experience in the finance industry in Europe and Asia. Before joining Bordier in Singapore in 2011, he was head of the International Desk at EFG Bank in Singapore where he developed his relationships with institutional clients and HNWIs. Before that, he was vice-president at Radian Group in London where he led business development and structured products for continental Europe. His specialties also include strategic asset structuring for families, structured products and capital preservation solutions, as well as securing partnerships with external asset managers and family offices.
Bank of Singapore
About: Bank of Singapore is continuing its expansion with the recent announcement of a branch opening in Dubai International Financial Centre. The approval to operate a branch here comes as private wealth in the Middle East and Africa is projected to rise at a compounded annual rate of 8.2 percent, predicted to reach a high of US$11.8 trillion by 2020. Bank of Singapore offers clients a strong platform: in asset management, trust services, mortgage financing, and through corporate banking services.
Notable name: Bahren Shaari, chief executive officer — Bahren is a well-respected banker with more than 25 years of private banking experience; he is a firm believer in people development and of building a talent pool of private bankers with a deep understanding of client’s needs and a passion for service. Prior to this appointment, Bahren was global market head of the Bank of Singapore’s Southeast Asian business from 2010 to January 2015 and was instrumental in establishing the bank’s market-leading position in Indonesia and Malaysia, tripling its combined assets under management.
Location: Hong Kong
Type of clients represented: Private individuals; complex family groups; family offices; trusts and other structures; charities in the UK, Switzerland, Channel Islands and Asia (Hong Kong and Singapore).
Notable name: Sandy Dudgeon, head of wealth management — Dudgeon joined Cazenove in 2010 and was head of business development for the private wealth management business until becoming head of wealth management for the Hong Kong office in January 2013. A chartered accountant, Dudgeon joined Adam & Company as its first company secretary in 1983 and became deputy managing director in 1991. He joined Martin Currie in 1994 with responsibility for its UK mutual funds and subsequently became managing director of Thornhill in 2003. His directorships have included Dunedin Enterprise Investment Trust and Man Alternative Investments. He was an adviser to Wates Family Holdings from 2005 to 2010.
WEALTH (wealthinasia.com) is Asia’s marketplace for investors. With access to over 50 professional institutions worldwide, our award-winning innovative matching technology will help you find your best wealth opportunities more intelligently and efficiently than by word of mouth. WEALTH also hosts the latest investment news, wealth ideas and expert views, providing direction and knowledge for your financial decisions within one online destination.