They have also imposed rules to ensure that everyone has very rigid, rigorous product governance processes, she points out.
“We now have funds that are offshore by nature, USD-denominated, and soon we will be adding Euro currency into the offering to our clients,” she says.
As ever in this country, the numbers are extraordinary – whether it’s rate of growth or just the overall total. But Asiamoney has identified China’s best banks in 2018 to help high net-worth individuals with planning, diversification and
China’s total size of individually-held assets is five times what is was a decade ago, reaching 188 trillion renminbi, according to Citi's research.
The two companies will deepen their cooperation further in global asset allocation, wealth management solutions, risk management and control, relationship development with local regulators and industry institutions.
“The revolution in banking is that because of technology changes, customer behavior is changing every single day and their expectation is changing every day,” Carney said in an interview in Seoul.