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August 29, 2018

CreditEase launches overseas wealth management unit

CreditEase Wealth Management, the wealth management unit of CreditEase, has set up an overseas wealth management department to serve Chinese HNWIs abroad.

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The new department will be led by CreditEase senior vice president Zhao Ruobing, who has been working at CreditEase since 2008.

Overall, Ruobing has an experience of over 20 years in the wealth management space.

CreditEase founder and CEO Tang Ning said: “After years of accumulation in capacity, CreditEase Wealth Management is fully prepared in terms of global investment capacity, scientific and technological capacity and service capacity for the international market. We are confident that, with the continuous consolidation of global product investment capacity, CreditEase Wealth Management’s global service capacity will also be further expanded and consolidated.

“Each colleague and elite of the wealth management industry in China will enjoy a broader development space and growth opportunities on an even broader world stage. As China’s wealth management market has matured over the past few years, we have ushered in an era of wealth management in China with asset allocation at its core.”

CreditEase Wealth Management offers global asset allocation services for wealthy Chinese investors, alongside investment, immigration and international education advice. It oversees over RMB100bn ($14.6bn) in assets for Chinese HNW investors.

The firm opened its first office for overseas business in Hong Kong in 2013, followed by similar branches in Singapore, Israel, New York, and Silicon Valley. It expanded the European market and branches this year.

Free Report
img

Benchmark your strategies for targeting the HNW market against your competitors

Even as professionals and entrepreneurs constitute the largest segments within the global HNW market, there are notable differences in terms of investor proclivities such as investment behavior, risk and channel preferences, as well as loyalty, calling for differentiated servicing strategies. Our recent report, HNW Investor Targeting Strategies, is based on our proprietary Global Wealth Managers Surveys, and will help you to:
  • Understand the size and service requirements of key client groups.
  • Develop and enhance your client targeting strategies using our proprietary data on the effectiveness of various strategies across key groups.
  • Minimize customer churn rates by gaining a detailed understanding about key client groups’ diverging proclivities and investment preferences.
  • Tailor your product portfolio to match demand patterns across the segments discussed.
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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