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Lufax launches digital-only WM platform as PB accounts get more costly

Kit Wong, Lu International

Singapore-based Lufax subsidiary Lu International has officially launched a wealth management platform for accredited investors, aiming to gain a higher wallet share of HNW private banking accounts. “We do see the opportunity to operate a completely digital wealth management platform, especially when it is becoming more and more expensive to run private banking accounts,” Kit Wong, CEO at Lu International,…

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