Chinese market hires creating duds but private banks persist

27 October 2014 | 3 minutes read

China’s 758,000-strong high net worth market is undoubtedly the crown jewel of Asia’s private banking industry but multiple sources have attested to the two-pronged hazard of hiring from a pool of private bankers that are quick to jump ship while leaving behind near-unbankable client assets. According to a source from a major European private bank, mainland Chinese hires continue to…

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