Swiss wealth manager Edmond de Rothschild has teamed up with the oldest financial institution in Vietnam to launch a private banking service.
The strategic partnership with the Bank for Investment and Development of Vietnam (BDIV) will see Rothschild support the bank in its efforts to develop a private banking capability.
In return, Rothschild gets to expand its presence in the Southeast Asia market. The firm’s CEO, Ariane de Rothschild referred to the “shared vision” of the two partners.
“Expanding our presence in this country is proof of our pioneering approach and our conviction of the spectacular development and attractiveness of Vietnam in Southeast Asia,” she added.
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