Bank of Singapore Adds Deutsche Bank Veteran to Greater China Team
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Bank of Singapore Adds Deutsche Bank Veteran to Greater China Team
Bank of Singapore has hired a senior private banker from Deutsche Bank Wealth Management as it continues to build out its Greater China and North Asia franchise. The appointment comes as the private bank targets significant growth in assets from ultra-high-net-worth clients. Bank of Singapore has appointed Penny Low as a Senior Relationship Manager, according to a statement on Wednesday. Based in Singapore, Low joins the bank's Greater China & N…
The semi-annual report recently released by Huafeng Chemical shows that its affiliated company, Wenzhou Minsheng Bank, saw its net profit plummet by 60% in the first half of the year, and its assets also shrank for the first time. Analysts believe that the increased risk of loan defaults, potentially leading to larger loan losses, is the main reason for the sharp drop in profits. This is not an isolated case; private banks in China are generally…
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