macquarie-launches-asian-private-wealth-business

Macquarie launches Asian private wealth business

The Australian firm aims to serve high-net-worth individuals from its new Singapore office.
On Wednesday, the Macquarie Group launched its Asian private wealth business with its first office in Singapore.

The business will be headed by Joseph Poon, former JPMorgan Private Bank head for South Asia. MacquarieÆs private wealth business will have a strong regional focus and will be run locally, staffed by a growing team of experienced local advisers, says the head of Macquarie private bank Australia, Guy Hedley.

ôThe decision to establish Macquarie private wealth Asia in Singapore followed extensive consultation with the Singapore market over the last several years,ö Hedley says, noting that Singapore is fast becoming a hub for private wealth management.

Asia has one of the largest populations of high-net-worth individuals and...
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