Private Bank Edmond de Rothschild Exits Hong Kong
Swiss private bank Edmond de Rothschild is exiting Hong Kong, more than two decades after it opened in Hong Kong. This is due to the escalating costs in the wealth management industry.
The bank which has 167 billion Swiss francs of assets under management as of end June 2016 has gave up its China operating license and will run its Japan and Korea operations through its Swiss head office.
News Source: Reuters
About Edmond de Rothschild
The Edmond de Rothschild Group is an international, family-owned and independent financial group, specialised in private banking, asset management, private equity, corporate finance and funds administration. It now operate across many countries and in the past 60 years have become a leader in Private Banking and Asset Management. The Group is growing and will continue to grow while preserving the values of our family, which has always staked its name on the service we provide to each of our clients.
- Origin: Geneva, Switzerland
- Assets: CHF 163 billion
- Employees: 2,800
Official Website: www.edmond-de-rothschild.com
News & Media: Press Release
Updated on 8th August 2016