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Jamee Wong

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private banks in hong kong expand hiring amid influx of chinese wealth

Wealth managers in Hong Kong are ramping up hiring to accommodate a surge in mainland Chinese clients seeking offshore investments and residency options. With private wealth net inflows nearly tripling to HK$341 billion in 2023, banks like UBS and Julius Baer are expanding their teams and services to cater to this growing demand. Amid geopolitical concerns and economic challenges in China, affluent individuals are increasingly looking to diversify their assets and secure better opportunities abroad.
South China Morning Post
United States Dollar Hong Kong Dollar Chinese Yuan Julius Bär Gruppe AG Bank of Ningbo Co., Ltd. Standard Chartered PLC Citigroup Inc. UBS Group AG Oversea-Chinese Banking Corp Ltd Lion-Bank of SingaporeAsianInc A AUD H CHN USA HKG SGP Rickie Chan Patrick Yip Jamee Wong David Shick Andy Sieg Show more
Finance & Economy, Market Report
04:44 16.12.2024
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