SocGen mulls Asia private bank sale

Rising costs and an increasingly competitive environment are making life tough for Asia’s wealth management industry.
It is no surprise that SocGen is considering selling the Singapore-based division, given its small size relative to the dominant regional players such as UBS, HSBC and Citi.
It is no surprise that SocGen is considering selling the Singapore-based division, given its small size relative to the dominant regional players such as UBS, HSBC and Citi.

Societe Generale is reportedly in talks to sell its Asian private banking business, becoming the latest player to quit the industry amid a challenging market environment.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media