IMAS Training: Private Banking in Asia: A Dream Run

IMAS Training: Private Banking in Asia: A Dream Run

4 Nov 2004

IMAS is hosting a talk on Private Banking by Didier von Daeniken, Managing Director / Branch Manager of Credit Suisse:

Date: Thursday, 4th November 2004
Time: 12.30 – 2.00pm, lunch will be served
Venue: Reuters Business Centre,
1 Raffles Place, OUB Centre, #55-00, S(048616)
Fee: $20 members, $50 non members (excluding GST)

Asian economies are coming of age. The boundless energies seen in local entrepreneurs with visions to stand shoulder-to- shoulder with their counterparts in the west only epitomises this aspect. Emergence of the Asian Wealthly on the back of the burgeoning economies of Asia Pacific has created an atmosphere of exuberence for Private Bankers. Starting with a low penetration rate for private banking services, this environment creates large opportunities of growth for the industry. China and India are spearheading this momentum and banks are learning to adopt their business models to the ways of doing business there. Though North Asia has the largest potential for wealth management business, Private Bankers are keen on further entering white spots in South East Asia as it presents pockets of opportunities to grow.

To succeed in private banking in Asia a keen eye on regulatory compliant processes, costs and IT have to be integrated into each bank’s business plan.

Mr. von Daeniken oversees the day-to-day management and strategy of Credit Suisse Private Banking Singapore, Credit Suisse’s largest private banking operations outside of Switzerland.

Over the years, he has held office in key commercial and private banking divisions in Zurich, Geneva, Dubai and Istanbul. His primary responsibilities include strategic planning, business development, product management and client acquisition.

In Asia, Mr. von Daeniken served as Head of International Wealth Management in Singapore prior to his present position. He led the development and implementation of the team’s business strategy, successfully marketing Singapore as an international wealth management center to international clients.

Mr. von Daeniken received his degree in International Relations from the Graduate Institute for International Studies, University of Geneva in 1988.
Mr. von Daeniken is married with two children.

Please click here for presentation.

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