Text size

Australian banks withdraw from Asia’s private wealth sector

National Australia Bank (NAB) is the latest Australian lender to retreat from the private wealth space in Hong Kong and Singapore. This morning, NAB announced that it would sell its largely retail-focused private wealth business in Asia to OCBC. The deal involves a US$1.7 billion mortgage portfolio and US$3.05 billion in deposits, along with roughly 11,000 customers across Hong Kong (4,000)…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]