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Competition drives Hong Kong RM salaries to Asia’s top

Rising competition between Hong Kong’s smaller private banks means that the city’s salaries for private banking relationship managers (RMs) are highest in Asia Pacific, a global recruitment report has noted. The best paid senior private bankers receive some HK$3 million (US$386,000) a year, it added – more than twice what their peers get in Singapore. Smaller private banks are positioning…

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