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M&A activity boosts brand awareness (and AUM) for Singapore PBs

The tumult of market uncertainty, rising operational costs and regulatory tightening has made for a difficult year for Asia’s private banks, as evidenced by 2016’s interim report cards. Even so, Singapore’s two largest private banks – OCBC’s Bank of Singapore and DBS Private Bank – have notched up credible increases in AUM, with insiders crediting this growth to both banks’ hunger to…

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