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VP Bank pins hopes on Asia as global AUM slip

Liechtensteinian lender, VP Bank Group, saw its assets under management (AUM) dip 2% over the last six months, but the bank expects “significant inflows of client money” in Asia as a result of “market development activities”. VP Bank Group’s AUM, which includes private banking and asset management, was CHF34 billion (US$34.7 billion), down from CHF34.8 billion (US$35.5 billion) at the…

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