Jimmy Lee is head of Head of Asia for Clariden Leu. He should be no stranger to anyone in the PB/WM arena in South Asia having worked for many players for many years. Another chronic job hopper. Jimmy is a fine banker and I'm sure he and Chit will keep CL relevant and this should not be construed as a personal attack but rather more of keeping track of the politicians and their election promises.
I love it when senior banking officials come out and talk about how he feels "that clients are increasingly demanding a comprehensive range of services that go far beyond traditional wealth management and the provision of investment advice. This spectrum of services spans financial and tax advice, succession and inheritance planning..........." We trust people love that sexy talk.
http://www.financeasia.com/News/166669,jimmy-lee-from-clariden-leu-discusses-asian-private-banking.aspx
The problem isn't that they are not aware of the market potential for "tax, succession and inheritance planning", but rather how to implement a strategy and course of action. Exercise and eating a balanced diet are known contributors to good health. How many people actually have a plan to exercise and eat right? How often are we led astray by that deep fried curry fish ball or pint of ale?
So Jimmy, is this all rhetoric or will I-Ning be getting some company? Will you go on a hiring binge for people that can offer tax advice, succession and inheritance planning? What's your plan to cover the spectrum of needs your client base wants? Let's keep tabs shall we?
[Edit - It seems in Jimmy's word is gold! I understand that he poached two former wealth planning colleagues from Deutsche PWM in Hong Kong in March. I have the names of the 2 ladies but have no idea who they are - I do not claim to know everybody but would guess that they are relatively new to the arena]
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