The exponential growth of personal wealth across China has led to an unprecedented surge for private banking services.
China is now the world’s second-largest wealth management market, bringing both opportunities and challenges for private banking business, the China Daily reports.
Deutsche Bank is putting renewed emphasis on wealthy clients by hiring dozens of new private bankers and pouring 65 million euros into a digital push. One region is poised to benefit the most.
This publication can confirm that a senior figure at JP Morgan’s private bank in Hong Kong has left the US-headquartered bank after less than a year in the role.
On the back of increased demand for its institutional asset servicing and asset management solutions, Northern Trust appointed a new leader for its recently established Sydney office.
Anthony Ho, who was also Hong Kong deputy CEO, has moved on, as the French fund house says it has created an integrated emerging equity group.
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