Singapore’s OCBC has been steadily building up its wealth management business as non-Asian wealth managers and private banks burdened with stricter regulatory requirements retreat. Photo: Reuters

OCBC buys NAB’s wealth units in Hong Kong and Singapore

The sale affecting 4,000 Hong Kong clients, comes as NAB looks to focus on corporate and institutional customers

Topic |   Private banking

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Singapore’s OCBC has been steadily building up its wealth management business as non-Asian wealth managers and private banks burdened with stricter regulatory requirements retreat. Photo: Reuters
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