Heard on the Street: Bank of East Asia looking for partners for its private banking business

14 November 2011 | 1 minute read

Bank of East Asia chairman David Li, whose grandfather founded the bank in 1918, is believed to have held closed-door meetings with several European boutique wealth managers in a bid to find a partner for the Hong Kong-based lenders’ private banking business. While Bank of East Asia has an enviable network of 100-plus outlets on the Mainland, the Li family…

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