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Legg Mason confident private banking business will be its ‘sweet spot’ in Asia

Legg Mason, the specialist fund manager that manages assets worth US$655 billion globally, is the latest in a horde of asset management companies pinning their hopes on Asia. While Asia assets account for 15% of their asset base at present, Legg Mason is confident it will see this number grow significantly. Thus far, the company has had a distinct US-focus,…

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