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Friends Provident eyes up Swiss and Asian markets

UK financial services company Friends Provident's Lombard division has applied to open a branch in Switzerland, and will open an office in Singapore in September.

Lombard has plans for offshore international expansion and hopes the Swiss move will offer increased access to the world's largest private banking market, FinanceAsia.com reports.

The company also aims to be the first to launch a portfolio bond for high net worth individuals in Singapore. It's unclear whether hiring to do so will result.

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