Wealthy Asians ready to take discretionary plunge
They’re tired of losing money so now is the time for specialised money management, argues the Asia chief of ABN Amro’s private bank, Hugues Delcourt.
Wealthy Asians lost a lot of money in the financial crises of 1997 and 2008 and are ready to turn to discretionary portfolio management, believes ABN Amro’s regional private banking chief.
Hugues Delcourt was talking up the firm’s budding discretionary portfolio management (DPM) business in Asia. It comes after the firm hired Jacqueline Koo from Julius Baer in a new role as head of Asian DPM based in Hong Kong, as reported by AsianInvestor.
Koo told us she is building two model …
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