The RBC review was prompted because the bank‘s global head of wealth management feels the Asian business, with less than $10 billion in assets, lacks the scale to generate adequate profit, the people added.
The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.
‘For many of our clients, ‘opportunity’ really is the word of the moment,’ says Wendy Sim, Managing Director ZEDRA Singapore.
The website details how the firm has grown significantly in the past decade, helping more than 5,000 clients across 80 nationalities.
For many businesses, staying true to the principles, strategies and decision making that fuelled early growth seems a sensible route to success.
With the Burgundy Private platform, we plan to tap this huge opportunity and gap in the market, with one of its kind -niche, customized solutions, specifically meant for people who have finite time, but infinite needs
The firm said in the announcement made to the Australian Stock Exchange (ASX) that the rebrand was a part of its transformation of its wealth business and, as a result, it would give TPT national distribution capabilities along with new digital products a