Lengthy client onboarding processes in Singapore are inadvertently giving private banks an edge in retaining top relationship managers (RMs), as compliance-driven delays slow the transfer of client books to external asset managers (EAMs), according to Michel Keiser, CEO of Marcuard Heritage Singapore. Michel Keiser, Marcuard Heritage As onboarding timelines stretch from weeks to months due to source-of-wealth (SOW) and enhanced…

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