Don Xu’s Post

Pleased and honored to help clients expand their book of business. At First Citizens Bank, we value trust, and our clients trust us to deliver when they see an opportunity that can't be passed up. 💪💥💼 If you're looking for a trusted banking relationship, look no further than FCB. We finance up to 100% of acquisition transactions. My contact info is in my profile. #FCB #austintx #wealthmanagement #businessacquisition #atx #businessloans

From facilitating conversations and scaling technology at work to swimming against the tide at leisure, our CEO Annabel Spring discussed our mission and growth targets with Professional Wealth Management (PWM)'s Yuri Bender in a recent interview. With our ambition to be the leading wealth manager in Asia, she further talked about how we invest in people and infrastructure to serve the wealth management needs of our retail wealth and private banking clients globally. Read the full article here: https://grp.hsbc/6044lO2ma #PrivateBanking #WealthManagement #AsiaWealth

Hinds Sight is here, sharing an article about a recent banking acquisition ... Here are Paul’s thoughts on the article: "I recently read about Sainsbury's decision to sell most of its banking business to NatWest. This strategic move will transfer approximately one million new accounts to NatWest, along with around £2.5bn in gross customer assets. As a financial recruitment specialist, I see this transaction as a significant step in reshaping the retail banking landscape. NatWest's acquisition, expected to complete in the first half of 2025, will not only bolster its customer base but also add substantial scale to its credit card and unsecured personal lending business. For financial professionals, this could mean new opportunities and challenges in navigating this transition." What are your thoughts on this development? How do you think it will impact the financial sector and job market? #banking #fintech #privateequity #realestate #news #investment #finance #investmentmanagement #FinancialRecruitment

DBS Bank Group Holdings Ltd., Southeast Asia's largest bank, has set an ambitious goal to double its wealth management fees by 2027. + Current performance: DBS's income from servicing rich clients reached over S$2 billion ($1.5 billion) in 2023, doubling from 2015. + Future target: The bank aims to double wealth fees again by 2027. + Market position: DBS ($200.7b) is now the third-largest private bank in Asia, after UBS ($645b) and HSBC ($354b), excluding China. + Asset growth: Client assets are expected to exceed S$500 billion by 2027, up from S$396 billion as of June 2023. + Expansion: DBS has increased its relationship manager headcount by about 20% since mid-2023. + Compliance: The bank is investing in technology and people to enhance anti-money laundering efforts and risk management. "Given the trajectory and traction we have had over the past years, our aim going forward is that by 2027 we want to double our wealth fees," - Tse Koon Shee, the head of consumer and wealth banking at DBS. "The whole point is how you balance between being effective in anti-money laundering and risk management and yet remain efficient and open for business," - Tse Koon Shee #DBS #Growth #Expansion #Performance #WealthManagement #PrivateBanks #FamilyOffice #Business #Investment I Bloomberg News I Chanyaporn Chanjaroen

NatWest Group’s agreement to acquire most of Sainsbury’s banking arm is the latest sign of increased UK banking sector consolidation this year, which has been driven by lower valuations and the pursuit of scale and diversification. The deal, announced on 20 June, is the fourth mid-sized banking sector acquisition announced this year, and takes the total to GBP130 billion of assets. We believe lower valuations across UK banks have encouraged the increased consolidation activity. Further opportunistic or strategic acquisitions could follow, barring a severe setback to macroeconomic conditions. We expect any further deals to primarily involve loan portfolios, non-lending businesses, or wealth-management assets. Several banks may be looking to strengthen their systems capabilities and market positions in these segments. #ukbanks Analysis by Michael Bojko, CFA and Huseyin Sevinc LEARN MORE: https://lnkd.in/et-YGzHk

 🚀 Exciting News for Brokers and Clients! 🚀 At ANZ, we’re making secured lending faster and simpler than ever. With just one BAS, your clients can apply for secured loans and enjoy: ✅ Rapid Approvals - Get decisions in as little as 2 days ✅ Streamlined Paperwork - Only 2 documents needed for applications ✅ Enhanced Borrowing Power - Access up to $1.5 million in secured loans Terms, conditions, fees, charges, and credit approval criteria apply. Discover how ANZ & Brokers are working better together to deliver exceptional results. #ANZCommercialBroker #ANZ #ANZStreamlinedLending Sam McLeod Colin Law Matthew Wiley Amol Ojha Andrew Barton Dinesh Nathan Ivan Mioc

I have met quite a few business owners recently that were not aware of the 7 Day Switch Guarantee Service available from most UK banks. This service was set up years ago to make it easier to transition from one bank to another. I’m also meeting with numerous businesses that have set up banking facilities with one of the challenger banks in recent years, but have since grown to a size where they need more support than they are current getting, for example: 👏support with international trade. 👏larger payment facilities. 👏local relationships - face to face meetings 👏support with various growth stages/challenges. At Barclays we have so much to offer, The main USP’s being; 🌟local relationship managers for businesses turning over £400,000 upwards. 🌟the eagle lab network 🌟Local Specialists like Danielle Sherlock who work within our communities. 🌟and of course dedicated business development professionals like me 🤗 If any of this resonates with you I’d love the opportunity to meet and let you know why I/Barclays should be your back up banker/bank, as and when the time comes for you to make the switch…

Particularly strong net flows in private banking resulted in a strong total net inflow for Nordea’s Asset & Wealth Management business, says the head of the division, Snorre Storset. “We had very strong net flows in private banking, EUR 3.6bn, which were the highest quarterly flow figures during my time as head of this business area at Nordea,” says Storset, who initially joined Nordea in 2011. Storset is leaving his role at Nordea at the end of the year as part of a staff reorganization at the company. “I’ve been here for three strategy periods, and now as we are entering a fourth one, I think it is a good time to leave the opportunity to someone else and look for new adventures for myself. There are many exciting opportunities around,” Storset says. #assetmanagement #nordic #assetmanager #institutionalinvestments #institutionalinvestment #institutionalinvestor #fundmanagement #fundmanager #wealthmanagement #wealthmanager

Jijo Mathew (Director of Novo Business Solutions) have featured in ANZ broker news! His unique prospective in lending has helped multiple business expand their cash flow and grow their business. If you are looking for solution get in touch with us! We definitely think it’s a game changer for brokers and customers. Novo Business Solutions are available to help. #novobusinesssolutions #cashflow #anzbroker #businessfinance #GoBiz #Gamechanger