Mena wealth market set for expansion over next 3 years
Assets under management in the region predicted to hit $2trn before 2025
Assets under management in the region predicted to hit $2trn before 2025
‘Value-creation opportunities remain significant for both current and new participants’
The two businesses will continue to operate as standalone entities
To bolster its private wealth operation
As the latter looks to grow client base by 30-40% every year
Deal bolsters support to local companies and individuals with planning needs
It is the third Sino-foreign JV wealth company given green light to start business
Challenger bank is actively recruiting for a general manager to head up the business
In a bid to bolster its international wealth management offering
In a bid to sell mutual funds to retail investors
With a focus on hubs in Malaysia, Singapore and Australia alongside its head office in Hong Kong
Regulatory changes have made it a ‘much more interesting market for people that want to deploy resources’