Bank of China Private Banking
Bank of China boasts 36 private banking branches in mainland China, as well as private banking outlets in Hong Kong, Macau and Singapore.
No mainland lender betters Bank of China’s global emerging markets reach. Its general manager is Min Liu. In Asia, it boasts two full-service banking branches in each of Thailand, Cambodia and Kazakhstan, along with four in Malaysia and one apiece in each of Vietnam, Mongolia and the Philippines.
BOC also has three outlets in Russia, along with branches in Hungary, Dubai and Bahrain. In the long run, the group’s clear ambition is to marry its global reach with its increasingly sophisticated private banking operations, providing wealth management services to customers in leading emerging markets, and to emerging-market clients with accounts and assets held in developed-market cities.
With so much of the world’s new capital, millionaires and multinationals being born, formed and located in developing markets, this focus on the emerging world could give Bank of China a comparative advantage in the years to come.