According to one industry study, Asia’s burgeoning independent asset management industry could more than double its AUM by 2020 to US$55-60 billion. To achieve this, IAMs will need to grow at a CAGR in the range of 14.9-16.9% – well above what Asia’s private banks are achieving (6.5% CAGR, 2012-2016). Anecdotally, a number of firms have told Asian Private Banker…
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