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.
September 13, 2013

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 read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

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