As the crisis continues, so do stories of firms in the wealth and investment management space getting involved in relief efforts for affected areas.

Alternative investment management houses Citadel and Citadel Securities have spent more than $1.0 million to support relief efforts in China’s Hubei province amid the coronavirus outbreak that has so far reportedly claimed 525 lives.

The organisations said that medical supplies have been procured for the Hubei Xinhua Hospital in Wuhan, the area of China in China where the virus is said to have originated. Earlier this week UBS said it was supporting relief efforts in China.

"Our first priority was delivering much-needed supplies requested by local medical professionals and enabling experts to administer aid as effectively as possible. We commend the brave medical personnel dedicated to treating patients and protecting communities," Peng Zhao, chief executive officer of Citadel Securities, said. 

The coronavirus has disrupted global travel and the supply chains that power a large chunk of the world’s economy, hitting Chinese and other countries’ markets.