◂Home    Hong Kong / Economy News

Fri, 16 Apr 2021 12:16   Chad Bray

Citigroup to hire up to 500 people for Hong Kong wealth management as it trims consumer banking in 13 Europe, Asia markets

Citigroup plans to hire up to 500 people in its wealth management business in Hong Kong as it focuses on “wealth centres” in Asia under new CEO Jane Fraser and significantly revamps its consumer banking business in the region.The expansion will include more than 300 new relationship managers in the city in the next five years, as the bank aims to triple its clients and double its assets under management (AUM) in Hong Kong’s wealth business by 2025. The American bank previously said it was…

Source and full article

Most read

China’s FDI inflows surge at fastest rate in 13 years during first quarter, surpassing pre-pandemic level

Foreign direct investment in China grew at the fastest pace in more th...

Thu, 15 Apr 2021 20:15
Hong Kong lawyers urged to make most of new opportunities presented by Beijing’s 14th five-year plan

Pro-Beijing heavyweights and Hong Kong’s justice minister have calle...

Mon, 12 Apr 2021 19:41
China trade: imports, exports set to have stayed ‘solid’ in March

Improved global demand and a favourable base effect are likely to have...

Mon, 12 Apr 2021 22:00
US stops short of branding Taiwan as a currency manipulator

The US Department of the Treasury on Friday said Taiwan, Vietnam, Swit...

Sat, 17 Apr 2021 12:34
Buyers pile into Hong Kong’s biggest weekend property sales in seven months as they park their investments in fixed assets

Buyers piled into Hong Kong’s biggest weekend property sales in seve...

Sat, 01 May 2021 18:00