07.01.2014 - Falcon Private Bank quits Hong Kong
Falcon Private Bank, a Switzerland-based boutique private wealth manager backed by Abu Dhabi’s sovereign wealth fund, is exiting its Hong Kong operations. The bank blamed the decision on growing competition and rising costs, even as the Asia region, led by China, is projected to power global wealth over coming decades. Falcon will seek to hand off the bulk of its Hong Kong business to another Swiss bank, EFG International...............................................Full Article: Source
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