Nippon Wealth sees clear path in crowded HK
The bank will focus on providing Japanese investments in funds and PE structures after being granted the first locally incorporated bank licence by HKMA for 50 years.
Management at Nippon Wealth – the latest entrant to Hong Kong’s crowded wealth management market – have outlined how they plan to capitalise on their differentiated proposition to compete.
The firm, a wholly owned subsidiary of OJBC and backed by Japan’s Shinsei Bank and several Hong Kong investors, secured a restricted banking licence from the Hong Kong Monetary Authority (HKMA) on April 2.
It became the first locally incorporated bank (which is not a branch or subsidiary of an…
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