Rothschild on buildout in HK hub, eyes Singapore

Edmond de Rothschild Group is building out its private banking business in the region, adding headcount to its advisory team in Hong Kong and potentially setting up an office in Singapore. This falls in line with a planned expansion in its asset management group, with the firm actively seeking a partner in Asia to help boost its regional AUM by over a third. EdR has had a representative office in Hong Kong since 1992, but only received its private banking licence in 2011. It spe…