PB head fears client exodus if professional investor proposals adopted

10 June 2013 | 3 minutes read

The Hong Kong-based head of a local private bank has told Asian Private Banker that if the Securities and Futures Commission’s (SFC) proposed amendments to the Professional Investor Regime and Client Agreement Requirements are adopted, his institution will lose an increasing number of clients to rival financial hub, Singapore. The SFC’s proposed overhaul of the regime includes a recommendation that…

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