Credit Suisse plans to expand private banking world-wide

Article Abstract:

Switzerland's Credit Suisse Group announced intentions to expand the firm's private banking business globally, hiring approximately 1,000 new banking personnel during the next to years. The move focuses on improving money management for wealthy clients; Credit Suisse totaled some 600,000 wealth-management customers as of September 2007, with around $760 bil in assets under management.

Financial management, Services information, Finance, Switzerland, Credit Suisse Group, Company financing, Service enhancement, CSGN

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HSBC plans joint venture in China's insurance sector

Article Abstract:

HSBC Holdings PLC of the United Kingdom is launching a drive for a joint venture in the insurance industry in China. The financial services company hopes to use the Closer Economic Partnership Arrangement accord between China and Hong Kong signed in 2003 as a vehicle for the deal. HSBC Holdings PLC is planning on growing the insurance market in China.

Joint ventures, United Kingdom, Economic aspects, HSBC Holdings PLC, Company joint venture

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Chinese chase chance to nab global exposure: new stock fund, first to focus world-wide, becomes instant hit

Article Abstract:

Bank of New York Mellon Corp. has sold approximately $8 bil in shares of its Southern Global Enhanced Balanced Fund in China, surprising many industry observers with the fund's popularity. The fund's opening marks the first time an international, all-stock portfolio has been made widely available to investors in China.

Marketing procedures, Management investment, open-end, United States, Marketing, International aspects, Company marketing practices, Mutual fund industry, Bank of New York Mellon Corp.

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