Citi's Tay challenges Edhec's private wealth report

Oct 11, 2009

While an asset-liability management approach to private wealth is beneficial, it can't be applied in all cases, says Jennifer Tay of Citi Private Bank.

Private banks have taken fierce criticism in the past couple of years for alleged mis-selling of investment products. The latest negative comments come from French research organisation Edhec-Risk, but Jennifer Tay, Asia-Pacific head of investment advisory at Citi Private Bank, says some of the organisation's views are off the mark.

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