Private bankers joining EAMs can’t shake “product pushing” mindset

Private bankers transitioning to Asia’s independent wealth sector are demanding record salary hikes, but external asset manager (EAM) leaders warn that many struggle to shed legacy “product-pushing” habits. This, Kelvin Leong, CEO, Merliance Capital, told Asian Private Banker, applies especially to senior private bankers with established books and skills, such as Mandarin proficiency and cross-border structuring experience. “We’ve seen base…

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