According to Amit Dalal, executive director of Tata Investment Corporation, private sector banks definitely make an investment call.
Also known as Winston Wen, he is one of the most successful and prominent private equity investors in China, and a highly controversial figure in the Chinese investment community.
According to the newspaper, the letters come after BT Financial recently outlined aggressive expansion plans, including a bid to treble its funds under administration.
Mr Picha said the new service, called the Global Asset Allocation Advisory, requires a minimum investment of 5 million baht.
Asian private bankers’ compensation will level off as firms begin to recognize that the costs don’t “make economic sense,” according to Citigroup Inc. the second-largest private bank by assets in the region.
Russ MacKay, the Associate Portfolio Manager of McLean & Partners, a respected wealth management company, also expects that China’s consumer inflation will fall from 3.4%.
SINGAPORE When Bob Diamond came to Singapore in 2004 to open Barclays' back office at The Atrium, the bank then employed about 500 people, with 150 in investment banking.