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Japan-led consortium establishes HK wealth management unit

A consortium of 11 companies led by Tokyo-based Shinsei Bank has established a wealth management bank in Hong Kong, to be called Nippon Wealth Limited. The bank, which has been granted a restricted license by the HKMA, will cater to individual clients. It expects to begin trading in the second half of 2015. Nippon Wealth Management intends to offer a…

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