Strategy & Practice Management

OCBC plans China wealth management business

In order to increase profit OCBC plans to set up a wealth management business in China in the country’s "Greater Bay Area".

Thomson Reuters reports that OCBC expects the launch of the wealth management business and the expansion of its banking presence in the Greater Bay Area to be a “new growth driver” for the bank, according to CEO Samuel Tsien.  There is no timeline for the launch, which will be subject to regulatory approvals.

Read more