Citigroup will expand its wealth management business in the Greater Bay Area and rest of Asia from its base in Hong Kong, according to its global wealth head. The US banking group remains committed to Hong Kong and China despite selling its mainland wealth business to HSBC in October, Andy Sieg said after visiting a
Family offices are studying the investment opportunities presented by artificial intelligence, of course, but they are also excited about the potential AI offers for streamlining their operations and, for one day, supporting decision-making on investments and strategy. AI technology is expected soon to facilitate automation of several mundane but critical tasks for family offices, which
In November alone, the SFC approved 17 new financial firms to set up in Hong Kong to conduct securities trading, asset management and corporate finance. Oliver Ng, managing partner of Digiwealth Consulting. Photo: Handout “This reflects a structural change in Hong Kong’s financial markets,” said Oliver Ng, managing partner of Digiwealth Consulting, noting that some