Haitong steps up wealth management drive, targets new hires for UHNW segment

Haitong International Securities Group plans to boost its coverage of the ultra high net worth (UHNW) segment – which the firm defines as clients with at least US$10 million in assets – by increasing the number of private wealth management bankers to 160 over the next year. “Haitong International is upgrading into a more wealth management-focused business from a retail…

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