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At the Gates with Mirae Asset: Asian PBs need to offer more regional products

With Asia’s more sophisticated investors slowly pivoting away from purely domestic strategies, the onus is falling on private banks to offer up more pan-Asian solutions. However, Rhee Jung Ho, Mirae Asset’s president and chief executive, believes that the “strong home bias preference” at Asian private banks for single-market strategies remains a significant obstacle for clients who would like to diversify investments beyond…

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