RBC adds four senior private bankers to boost its wealth planning services in Hong Kong, as Value Partners executes a planned succession for its fixed income desk.
The US asset manager has tapped veterans from J.P. Morgan and BlackRock to bolster its Hong Kong wealth and fixed-income teams as demand grows across Greater China.
The private bank is strengthening its senior bench to capture a record surge in client demand, as Asia’s ultra-high-net-worth families move to address increasingly complex succession and legacy planning.
The move comes as the region’s wealthiest families move away from simple donations toward a more organised and professional way of handling their charity and legacy.
The Dubai-based wealth manager taps a private banking veteran to lead its Asia expansion as demand for institutional-quality advice from ultra-wealthy families grows.
The US asset manager is folding a specialist emerging market debt team into its global platform to meet rising institutional demand for high-yield credit strategies.