Retail Banking News Updates, March 21st 2012

Nomura appoints new Asian head of investment products
Formerly the head of investment advisory for North Asia of Deutsche Bank, Bill Tsang has recently accepted a position at Nomura Holdings. He will lead the bank’s wealth management division as the head of investment products in Asia outside Japan, and will report to Singapore-based Miura, head of Nomura’s wealth management and retail for the region.

DBS’ international private banking team to tap HNWI demand
An international private banking team will be formed by DBS Private Bank in a bid to tap into increasing opportunities afforded by increasing demand from international High Net Worth Individuals (HNWIs), who are eager to take advantage of growth in the Asian region. The team will be led by Peter Triggs, a veteran private banker.

AMEX and Morgan Stanley launched co-branded cards
American Express (AMEX) and Morgan Stanley had launched the Morgan Stanley Credit Card and the Platinum Card, respectively.  AMEX card members will enjoy automatic enrollment into its Membership Rewards Programme and the ability to make direct points transfer to a number of airline frequent-flier programs. Other attractive features of the Morgan Stanley credit card include high membership rewards points for spending, as well as lower annual fees.


 

Re-disseminated by The Asian Banker