People Digest: Alibaba-backed wealth manager, Citi make Hong Kong hires

People Digest: Alibaba-backed wealth manager, Citi make Hong Kong hires

Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., looks on during news conference in Hong Kong, China, on Tuesday, Nov. 1, 2016. Photographer: Anthony Kwan/Bloomberg

Alibaba-backed wealth management firm DC Wealth Management has got licences for asset management and securities advisory for which it has hired former UBS ultra high net worth division managing director Cooper Liao  while Citigroup has appointed veteran HSBC investment banker William Tang in Hong Kong as head in Asia of its consumer and retail investment banking business.

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