SINGAPORE (Aug 27): Money K has not seen the movie Crazy Rich Asians nor read the book that it is based on. And he is not keen to. He tells The Edge Singapore in an interview that, actually, some clients whom he met in Hong Kong had told him they found the movie — based on what they had seen in the trailer  — exaggerated and offensive. “They felt a bit insulted that they are being caricatured and pigeon-holed as the rich, spoiled, next generation,” he says.

K is global head of Citi Private Bank’s so-called next-generation programme, an initiative that private banks have for high-net-worth clients and their children. Apart from investment advice, the programmes cover a range of activities and courses: Credit Suisse holds art appreciation classes and UBS ran a wine-tasting session in New York with Jon Bon Jovi’s son Jesse. Lombard Odier, meanwhile, shares its own story with the clients. It is now run by the sixth and seventh generation of the firm’s founding families.

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