“It probably takes five to seven years to grow a good young private banker,” he says, “and it requires deep pockets.”
Bosses say, despite the name change, clients will still have access to financial planners, paraplanners and tax and trust services.
Shinhan Bank, the flagship bank of the nation’s largest banking unit Shinhan Financial Group, was named the best private banking service operator in South Korea.
Southeast Asia’s largest bank, DBS Group Holdings, has entered the private sector banking segment in a big way, increasing its income from wealth management services to almost S$360 million (US$265 million) in the first quarter from a quarterly aver
Shanghai has made its latest move to supplant Hong Kong as the region's dominant financial centre, offering foreign executives tax holidays, permanent residency and even the option of bringing their nanny.