At first sight an ambition to have US$3 billion of client assets under management in five years wouldn’t appear to be particularly noteworthy, even in the UK where the wealth management market is still very fragmented.

Throw in the additional information that $3 billion would be the equivalent of just under 20 percent of the gross domestic product (GDP) of the country in which the institution concerned transacts most of its business and the situation starts to look more intriguing.

This is especially the case given that the equivalent target for the UK market would be US$500 billion (based on 2017 UK GDP of $2.6 trill...