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Asia’s IAMs resist M&A lure

Asia’s independent asset management industry does not expect to enter a period of prolonged consolidation as a result of rising cost pressures, even as private banking mergers, acquisitions and exits trend up in the region. Attendees at Asian Private Banker’s IAM and Family Office Leaders Conversation (IFLC) in Hong Kong last week generally agreed that their collective desire to provide client-centric advice…

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