The woman who heads China Merchants Bank’s (CMB) private banking unit has indicated that deeper reforms are needed to align the lender’s offerings with its clients’ needs, such as more strongly embracing a one-bank model. The statement of intent from Wang Yanrong comes just months after CMB revamped its wealth management platform to embrace a leaner setup in early 2021. […]

The post CMB private banking chief says lender must embrace one-bank model to lure clients appeared first on Asian Private Banker.

China Merchants Bank has streamlined its retail and wealth management businesses to create a leaner WM platform. It has also named a new general manager to lead the private banking business. According to a report by Caijing (link in Chinese), the Chinese bank will merge its wealth management department and a large part of its retail finance business into a […]

The post CMB reshuffles retail and WM structure, hires new GM to head PB business appeared first on Asian Private Banker.