The UK bank plans to accelerate the growth of its wealth and personal banking business in Asia as it sells off its US retail operations.

The UK bank plans to accelerate the growth of its wealth and personal banking business in Asia as it sells off its US retail operations.
The offerings include two products explicitly focused on sustainable investment.
The platform is aimed at so-called digital natives and offers a range of mutual funds provided by key partners.
Climate change is among the key factors in Asian institutional investment choices, according to an MSCI survey.
An increase in wealth management fees was offset by lower net interest margins and higher allowances for pandemic risks.
The products target companies with ESG-related growth potential at an early stage, according to a statement by the firm.
The fund is one of two products managed by the US firm recently authorised by the Securities and Futures Commission (SFC) for sale to retail investors.
The Chinese, Hong Kong and Macau financial regulators have agreed supervisory, enforcement and liaison arrangements for the Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
FSA compares two Asia (ex-Japan) fixed income products: the Blackrock Asia Tiger Bond Fund and the Pimco Asia Strategic Interest Bond Fund.
The end-game for the pandemic this year will boost non-US cyclical equities, according to the bank’s investment strategist.
Part of the Mark Allen Group.