Retail Banking News Updates, June 13th 2012

RBC Wealth Management appoints Middle East head
RBC Wealth Management has appointed Yousif Banayoti as the new director for its London-based Middle East & Levant desk. He will be responsible for extending the business’ reach into the Middle Eastern markets, with a specific focus on the UAE, Kuwait and Qatar. Banayoti previously served with Credit Suisse Private Banking.

DBS launches new rewards mobile application
DBS Bank has launched the DBS Rewards mobile app, enabling cardholders to experience instant rewards redemption via their mobile phones at participating DBS merchants. Cardholders are also able to browse, save their favourite rewards and redeem their DBS rewards points via their mobile phones. Cardmembers can also track their rewards usage and use the built-in augmented reality feature to search for nearby participating DBS merchants for instant redemption.

Credit Suisse acquires HSBC Japan's private banking business
Credit Suisse has completed acquisition of HSBC’s private banking business in Japan. This acquisition enables Credit Suisse to further scale and enhance its wealth management capabilities in Japan and clients will be able to benefit from the expanded coverage provided through additional offices in Osaka and Nagoya.

Re-disseminated by The Asian Banker