Edmond de Rothschild has officially closed both its private banking and asset management businesses in Hong Kong, according to recent records from the Securities and Futures Commission.
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Edmond de Rothschild has officially closed both its private banking and asset management businesses in Hong Kong, according to recent records from the Securities and Futures Commission.
Role change at Standard Life, M&G hires, asset managers’ share prices, surprising rallies, Capital on Japan, Saxo’s outrageous predictions, advertising from HSBC and much more.
The exodus of private banks from the region continues as Edmond de Rothschild (Suisse) announces that it plans to close its Hong Kong branch.
Monique Chan, former chief executive for Edmond de Rothschild in Hong Kong, has joined BMO as CEO for its private banking business in Asia.
Increasing uncertainty around Greece and the probability of an exit from the Eurozone has raised the alarm at several fund houses about a surge in market volatility.
The bank confirmed to Fund Selector Asia that Chan has resigned, but said she has not yet left the firm. No further details were disclosed.
Part of the Mark Allen Group.