While the world's global bank ramped up its self-analysis, Singaporean, Swiss and even a Liechtenstein-based bank grabbed wealth management businesses across Asia.
Alongside the publication of our full-year results, we today update you on our plans to improve the Group’s returns by 2022 to allow us to meet our growth ambition and sustain our current dividend policy.
This was the first investment from the CDPQ-Generation partnership, who came together to make large-scale, long-term sustainable investments.
Still, Japan has been a tough market for foreign banks, with HSBC Holdings Plc and Citigroup Inc. among those to have withdrawn from the business of serving affluent Japanese in recent years.
The global investment bank, which describes itself as a "challenger" in Australia, quietly wound up its domestic financial planning operations in late 2019, restricting its services to "wholesale clients" or individuals with net assets
Asia is leading the way in terms of market development, product availability and so on, that’s why we’re expanding here.