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Asian PBs dominate Capital Group’s US$7 billion net asset inflow over 18 months

Grant Leon, Capital Group

Capital Group’s Asian AUM has grown to US$20 billion from US$13 billion over the past 18 months, with the private banking channel, the group’s fastest-growing segment, having dominated the asset growth, the asset manager told Asian Private Banker. According to Grant Leon, managing director of financial intermediaries for Europe and Asia at Capital Group, globally, the firm manages US$1.8 trillion in…

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