The succession at Kotak Mahindra Bank has been a hot topic for months as it has been a founder-led institution from its very beginning as a small finance firm in 1985.
Citigroup's Asia family office business expects a 25% increase in clients this year, the U.S. bank's regional head of its family office advisory business said, as Singapore and Hong Kong vie to attract more wealth. The momentum builds off a strong 2022 when the bank saw client numbers increase by around 50% year-on-year in Asia from a modest base in the preceding year, Faye Ong told Reuters in an interview. Global banks have been beefing up family office arms in Asia, as demand continues to surge among rich Asians wanting to set up private investment vehicles and plan for business succession.
Citigroup s Asia Family Office Clients Poised to Grow 25% in 2023 usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
HONG KONG (Reuters) - Citigroup's Asia wealth revenues increased 20% in the first quarter of 2023, backed by investment gains and strong acquisition o.
Citigroup s Asia
wealth revenue surged 20% in the first quarter of 2023, backed
by investment gains, insurance revenue and a jump in new private
banking clients, according to a company spokesperson. . | June 18, 2023