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Hong Kong is the gateway to business opportunities in the Greater Bay Area, financial leaders say
- Swiss lender Julius Baer, UK’s Standard Chartered, and US giant JPMorgan among the big hitters looking to expand in the huge economic zone
- Hong Kong can be a hub for family offices and wealth management services for the super-rich in the bay area, bankers say ahead of major summit
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Hong Kong is the key to success in the Greater Bay Area (GBA), the place to do business, expand and invest in China’s markets, industry leaders have said in the lead up to a major summit of senior bankers in the city.
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Swiss lender Julius Baer, the UK’s Standard Chartered, and the American banking giant JPMorgan are among the big international players looking to Hong Kong as their gateway for expansion in the massive economic zone.
Julius Baer’s CEO Philipp Rickenbacher, one of 200 senior bankers attending the Global Financial Leaders’ Investment Summit from November 1 to 3, believes the bay area is important for the lender’s future growth, particularly its family offices and wealth management business.
“The dynamic in the Greater Bay Area obviously has an influence on our ability to grow …[and] is going to be an important part [of how we] serve those family offices,” Rickenbacher said in an interview with the Post ahead of the summit.
Zurich-headquartered Julius Baer is the third-largest Swiss lender, offering family office services for the ultra rich to manage their wealth, succession planning and philanthropic work. It plans to expand its Hong Kong office to tap the opportunities in the bay area.
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