Tag : dpm

Grizelda Lee has been promoted as the new head of discretionary portfolio management, replacing Pascal Meilland, who has left the company.

Hence the Swiss bank is focusing on onshore partnerships and discretionary portfolio management, says Jean-Louis Nakamura, Asia-Pacific chief investment officer.

John Cappetta, a senior fund gatekeeper at Julius Baer, is refreshingly open about asset managers' sales strategies, client behaviour and discretionary portfolio management.

Vincent Duhamel, the Swiss private bank's Asia head, says acquisitions rarely work out well in the wealth sector and prefers the local-partnership approach.

Citi Private Bank is finding it hard to hire suitable talent for its discretionary portfolio management business – and it is not alone on that front.

Wealth managers discuss the perceived conflicts of interest that can arise when using in-house capabilities versus external fund houses for discretionary portfolio management.

The private bank has replaced Alois Mueller and sees growing demand in Asia for multi-asset discretionary strategies. But it is not interested in partnering external asset managers.

Discretionary portfolio management is starting to gain traction, but finding and retaining investment staff to do it is tricky, say private banking heads in Southeast Asia.