The Hong Kong Monetary Authority expects the virtual banks to begin offering retail and commercial services within nine months and is processing four
Wealth management is a business area where global banks including UBS, JPMorgan and HSBC, facing greater scrutiny as to gender diversity, have added m
The new licences will give the lenders access to a lucrative banking market, but one where many consumers are unhappy with their current options.
Goldman Sachs, Citigroup and JPMorgan are among the private banks already catering to the richest wealth management customers in Asia.
Based in Hong Kong, he reports to Sjoerd Leenart for corporate banking duties and Nicolas Aguzin from a regional perspective.
IPOs & Markets
WeLab has asked bankers to suspend preparation citing current market volatility.
The company, whose investors include billionaire Henry Cheng’s NWS Holdings Ltd., is working with advisers on preparations for the proposed share sa
Competition to manage the money of Asia’s burgeoning army of millionaires has pushed pay hikes for wealth managers to the highest in more than a dec
The collective fortunes of China’s uber-rich grew a staggering 65 percent, or $177 billion, last year, according to the Bloomberg Billionaires Index
After Singapore and Hong Kong, the focus of wealth managers in Asia is shifting to cities such as Manila, Jakarta and Shanghai.
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