Haitong hires 500 wealth managers in expansion bid

Haitong International is hiring 500 wealth managers as it plans to expand this segment offering for retail customers, high net worth individuals with at least $1m and UHNWIs with a minimum of $10m. Haitong International Securities Group is the largest mainland-backed stockbroker in Hong Kong by net assets and has bought a brand new 12,000 square feet office in Wong Chuk Hang as part of its expansion plans, according to a senior executive, SCMP reports. The first Chinese broker to receive a Nasdaq market-maker licence in October has seen its wealth business improve, making it one of th...