ICBC Private Banking has launched the family wealth management business that will support wealth inheritance, financing and public welfare needs of ultra rich families.
The new division will offer a range of family wealth management solutions such as fund fiduciary, wealth inheritance, investment consultation, limited financing, cross-border consultation, financial consultation and transaction management services.
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ICBC Private Banking general manager Ma Jian said that the business will support customers in investment with huge wealth, and management of family assets.
At the same time, it will also facilitate separation of the family from business, planning on the inheritance of wealth, as well as family governance, added Jian.
Additionally, the bank said that the private banking sector will also launch family wealth management funds for private banking clients in a form of registered contractual type fund through ICBC Family Wealth (Shanghai) Investment Management.
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