{
Legend Holdings Ltd

Companies

}

bil closes hong kong office to strengthen european wealth management focus

Banque Internationale à Luxembourg (BIL) is closing its Hong Kong office as part of a strategic reorganization to enhance its wealth management operations in Europe. Despite being owned by China's Legend Holdings, the bank has struggled with profitability in Hong Kong amid a challenging economic climate. BIL will continue to serve Chinese clients through its hubs in Luxembourg and Switzerland, while maintaining its representative office in Beijing.
finews.com
United States Dollar Legend Holdings Ltd Banque Internationale à Luxembourg SA HKG CHE CHN LUX Show more
Finance & Economy, News Article
10:51 08.01.2025

bil closes hong kong office to focus on european wealth management

Banque Internationale à Luxembourg (BIL) is closing its Hong Kong office as part of a strategic shift to enhance its wealth management operations in Europe. The bank will continue to serve Chinese clients from its centers in Luxembourg and Switzerland, while maintaining its representative office in Beijing. This decision follows challenges in achieving profitability in Hong Kong amid a tough economic climate.
finews.ch
Chinese Yuan Hong Kong Dollar Swiss Franc Legend Holdings Ltd Banque Internationale à Luxembourg SA HKG CHE CHN LUX Show more
Finance & Economy, Market Report
10:50 08.01.2025
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