Monday, 23rd November 2009

 

19 March 2008 - David Bain

Macquarie to launch Asian private wealth management business

The unit will be headed by the former head of JP Morgan Private Bank for South Asia

Australian-based Macquarie Group plans to start an Asian private wealth business based in Singapore, according to a Dow Jones report.

The business will be headed by Joseph Poon, a former JP Morgan Private Bank head for South Asia, said the report.

"In addition to the full suite of more traditional private wealth management services, the Macquarie private wealth model will provide ultra high net worth clients with access to exclusive deal flows that are normally only available to institutional investors," the Dow Jones report said citing a Macquarie Group statement.

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