These days the Wealth Management Summit organized by Reuters is taking place in different places around the world. Below you can find a selection of video-interviews from the Summit on various topics.

Peter Flavel, Global Head of Private Banking, Standard Chartered

Peter Flavel, speaking at the Reuters Wealth Management Summit in Geneva on Monday, hopes the acquisition creates “considerable acceleration” for plans to combine the two businesses and nearly double its private banking footprint. Flavel said the acquisition “significantly advances our plans for private banking by about 3 years.”

Leslie Menkes, managing director Asia, Morgan Stanley private wealth management

It will be the first onshore wealth business in Asia, and expects to hire around 100 private bankers, Leslie Menkes, managing director Asia, Morgan Stanley private wealth management, said at the Reuters Wealth Management Summit in Singapore on Monday. The bank expected it would be managing around $1 billion in private banking assets in India at the end of three years.

Wilfried Kofmehl, CEO private banking Southeast Asia Julius Baer

Swiss wealth manager Julius Baer, which set up its Asian operations just a year ago, expects the region to account for 10-20 percent of its global business in three to five years. The growth in Asia’s private banking business has been “north of 30 percent,” Wilfried Kofmehl, Julius Baer’s chief executive of private banking for Southeast Asia, said at the Reuters Wealth Management Summit in Singapore on Monday.

Michel Longhini, Asia-Pacific head, BNP Paribas private bank

The company expects total assets under management in Asia to grow by 20 percent a year in the next few years. Michel Longhini, Chief Executive Officer - Asia of BNP Paribas Private Bank, told Reuters that the bank now has 30 staff in its onshore private banking operation in Shanghai and plans to double that to 60 by next year. Longhini made the comments at the Reuters Wealth Management Summit in Singapore on Monday.

Marcel Kreis, head of private banking Asia-Pacific, Credit Suisse

The private banking arm of Credit Suisse plans to double its revenue and staff in Asia in two years, and aims to launch a private banking operation in Japan late next year. Marcel Kreis, who joined Credit Suisse from UBS in February, said that the bank plans to launch its private banking business in Japan late next year and is looking for a chief executive, relationship managers and product specialists. Kreis made the comments at the Reuters Wealth Management Summit in Singapore on Monday.

Ray Soudah, Founder, MilleniumAssociates (who we will have in an interview this week)

Ray Soudah, founder of advisory firm MilleniumAssociates, urged smaller private banks that now is the time to sell. The current market situation is that the majority of service providers in the sector are keen to buy their counterparts or their opponents. People want to grow their business but there are very few opportunities right now. Consequently, the market is unbalanced, according to the founder of Millenium Associates, which advises on mergers and acquisitions in the private banking industry.

Boris Collardi, COO Private Bank, Julius Baer

Swiss private bank Julius Baer says the tight labor pool has led it to start recruiting new employees from “hotel schools.” Boris Collardi, COO of Private Banking, says many of the students who study hospitality are “highly talented” and have the “language and social skills while at the same time being quite fluent with finance.”

Dr. Maximilian Martin, Global Head of Philanthropy Services, UBS

UBS says it has seen an increase in the number of families and individuals looking to set up charitable foundations in South Asia and South America. UBS puts this down to the fact that “more and more families want to give back.” Dr. Maximilian Martin, speaking at the Reuters Wealth Management Summit in Geneva on Monday, says it’s is “extremely important” for private bankers to offer philanthropy services for clients.

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