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Citi, Aberdeen roll up sleeves to take on robo-advisors, digital wealth managers

Two financial majors are partnering in a Hong Kong-first initiative to stave off the threat from virtual banks and robo-advisors. It will be a test case for legacy financial institutions trying to stay relevant at a time when the COVID-19 pandemic is accelerating digitisation. On Monday, Aberdeen Standard Investments said it is partnering with Citi to distribute its funds on…

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