China Merchants Bank aims to double Hong Kong RMs
The biggest Chinese private bank aims to greatly increase its Hong Kong relationship managers, but a senior executive admits achieving this goal will be very challenging.
Shenzhen-based China Merchants Bank (CMB), which operates China’s largest private bank, plans to more than double the number of its relationship managers (RM) in Hong Kong to around 500 in the next three years, and could add senior hires in the city, AsianInvestor can reveal.
Currently, CMB has about 200 RMs in Hong Kong, so hiring so many new RMs will not be easy, Wang Jing, general manager of CMB Private Bank admitted. The bank is also seeking to fill some senior roles for vario…
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