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Credit Suisse Makes New Hires in Push to Capture China’s Rich The Swiss bank hired a number of bankers from rivals to focus on clients in Greater China (Bloomberg) Credit Suisse Group AG made new appointments and hires focused on Greater China as a push by global banks intensifies to capture more of the nation’s growing ranks of wealthy. The Swiss bank hired a number of bankers from rivals to focus on clients in Greater China, according to an internal memo confirmed by a bank spokesperson. It named Keng Cheong Lock, who joined the bank in 2007, as market group head of a private banking business in Singapore that’s focused on Greater China. ....
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Family Values Share to Linkedin With its robust financial infrastructure, world-class support services and a range of new governmental initiatives, Hong Kong offers the perfect environment for establishing a family office. Hong Kong has an abundance of unique and well-established advantages as an international financial center, but an aspect that is often overlooked is the city’s status as a leading location for setting up family offices. Home to 80 billionaires, Hong Kong is the third-richest city behind only Beijing and New York in the Forbes World’s Billionaire List 2021. Information Services Department As private banks and wealth management advisory firms for ultra-high-net-worth families or individuals, family offices play a crucial role in asset and risk management, estate and succession planning, and providing support for personal and philanthropic activities, making them an indispensable resource for managing and growing intergenerational wealt ....