Two senior bankers at Credit Suisse and HSBC, Hayden Matthews and Glenn White, are establishing a new private bank targeting ultrarich families in Australia and Asia amid a boom in wealth management services.
Mr Matthews, the former chief executive of HSBC’s private bank in Australia will be the chief executive, while Mr White will be managing partner. Mr White was a director at Credit Suisse, which is in the process of merging with UBS after the two banks came together in a shotgun wedding in 2023.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
