The result, he explains, will be continuing volatility and more of the vulnerable borrowers exposed to default, with a more negative impact and sentiment for the emerging markets.
This is a sharp acceleration from 2016, which saw only 3.5% growth of this population, reflecting more favorable conditions for wealth creation, despite volatile geopolitics.
The Sunday Timeshighlights a new insurance plan, a robo-advisory platform, a new fund and banking products.
Unfortunately, in the industry that we are operating in today, the “relationship managers” are incentivized on the revenues generated and assets onboarded for the organisation they work for.
The announcement comes after it completed the acquisition of Hong Kong-based wealth management firm Harris Fraser and Liechtenstein-based private banking services provider Raiffesen Privatbank in May, according to the statement.