The external asset manager has brought to market new fixed-coupon notes issued by CITIC CLSA and Guotai Junan Securities targeted at the retail market.
Singapore wealth manager WRISE has expanded its client base to the mass affluent market in Hong Kong with structured notes distribution as the firm looks to reach a new clientele group with a minimum investment threshold of US$500,000. With a Type 1 regulatory license from the Securities and Futures Commission, the Asian external asset manager started selling fixed-coupon notes (FCNs) issued by CITIC CLSA and Guotai Junan Securities HK towards Hong Kong’s mass affluent clients in October.
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