A bit over a year ago stuck in Geneva by the Iceland volcanic charcoal clouded cover that was disrupting my lapse outing to Singapore, a Swiss in isolation landowner buddy told me over lunch about his veteran goals.
“My assignment is to blossom my abounding customers’ riches over the really long tenure so that they can pass it on safely to the next generation. So you are demure to give the customers with loans on trial by their assets,” he said.After other flight termination I had cooking nearby the “Vieille ville” at the Molard, this time with a French landowner at a leading universal Bank.
“Our Wealth Management subdepartment is pulling credit growth as a product really hard. Mr. B has only been allocated Global Head for that. We must be do this in specific for Asian high net value people (HNWI),” he confided.
Three days later, after a back slashing taxi float from Paris to Madrid where planes to Casablanca were still receiving off, and a behind Casablanca-Dubai-Singapore flight, I was in the Singapore office commendatory a intricate IPO-related equity consolidation deal.
But mins after that I declined other credit application. It was for a loan to an investor who was not nonetheless a patron of my bank and who longed for to steal against the value of the shares in a firm he most controlled.This captures the disparity between the Swiss, European/International and Asian Private Banking models.
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