Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers - Fintech Hong Kong

Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers - Fintech Hong Kong

Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansion, according to Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority (HKMA). Yue said major private banks saw a 14% rise in assets under management (AUM) in the first half of the year, compared to the end of December, and hired over 400 wealth management professionals in the past two years, a 12% increase, South …