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Bank of Singapore secures 74% of Barclays’ AUM

Bank of Singapore (BoS) has completed its acquisition of Barclays’ wealth and investment management business in Hong Kong and Singapore, in the process onboarding 74% or US$13 billion of Barclays’ assets under management. The original purchase price of US$322 million was revised down to US$227.5 million at a rate of 1.75% of the assets transferred. When the agreement was signed on…

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