private banking business definition
private banking business means the business of offering banking and financial services and products to high-net-worth customers, including but not limited to an all- inclusive money-management relationship;
private banking business means the business of providing private banking and personal trust and investment services (including, but not limited to, brokerage, custody, insurance, investment banking, financial planning, estate planning, tax planning, liquidity management, lending, investment advisory, asset management and trust and fiduciary services) and Banking Related Services to Persons (including their Related Persons) with at least four million dollars ($4,000,000) in total investible assets or classified, as of the date hereof, as “Private Bank” customers pursuant to HSBC’s internal customer classifications.
private banking business means Financial Business and Services mainly aimed at single persons with high net worth developed outside Chile.
More Definitions of private banking business
private banking business. For all Private Banking related business conducted by new Chilean clients, the agreed distribution shall be 50% of the net margin generated by these new clients, initially assuming a 73% efficiency index. The Parties shall also negotiate in good faith to agree upon a referral fee that Banco de Chile shall pay Citigroup whenever Citi Private Banking clients are referred to Banco de Chile and become clients of said bank.
private banking business means a Relationship with a Person having more than $1,000,000 in investable assets.
private banking business. (私人銀行業務) means—