private bankers

He did not even think he was wealthy enough to meet what he perceived as the very lofty entry requirements of most private bankers.

Morgan Stanley has already said it plans to double the number of its private bankers in the region in the next three years.

Lehman Brothers may not have had a private banking arm, but its collapse in September disturbed private bankers and their clients alike.

Private bankers say that China's wealthy, for instance, are still relatively unfamiliar with the services offered by the industry.

As well, the Swiss bank is boosting headcount in Asia by poaching experienced private bankers from bigger rivals.

A: As part of the deal that gave birth to the Fed in 1913, private bankers pick six of the nine directors of each of the regional Fed banks.

It has also been on an aggressive recruiting drive for private bankers.

Private bankers, brokers, trust companies, family offices and wealth managers are all asking the same question: What do wealthy women want?

Private bankers recognise the world of wealth management has changed significantly over the last few years.

Banks want wealth managers and private bankers in the region to look after assets of wealthy families and individuals.

Later, when private bankers began marketing the product to retail investors, the Asian market proved a lucrative source of new business.

Wealth managers and private bankers will call incessantly, hungry to look after your loot.

Meanwhile, the churn of private bankers between institutions could also prove unsettling.

Some private bankers say the EU focus on Singapore is misplaced because little European money is parked there.

Many Chinese millionaires and billionaires use offshore accounts for non-yuan investments, according to private bankers.

In private, bankers worry about hitting revenue targets in the second half of the year.

So were the suave private bankers of Switzerland and Singapore.

Q: Why should private bankers play any role in governing regional Fed banks?

Investment banks put together commodity indices, based on futures, providing products for private bankers to sell to their clients.

Senior private bankers in Asia say there has been little sign of substantial inflows.

Many private bankers are products of the boom in the sector in Asia in the past six or seven years.

"The luxury goods people will do well. . . but the real winners will be the private bankers, " says Hoogewerf.

Central banks want private bankers to take more risk.

"We have reduced the loading of private bankers in some cases by half, " he says.

With so many new private bankers in Asia, any advice you'd offer?

This is particularly the case in those markets where there is a wide shortage of quality private bankers, such as Asia.

Credit Suisse, for example, says that 90 percent of the 20 plus private bankers it hired in Asia this year were senior.

Bonus boom for private bankers

The private Bankers in the Past