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Credit Suisse PB APAC sees diminished NNA inflows in 4Q18

Credit Suisse Private Banking lost steam in gathering net new assets (NNA) in the final quarter of 2018, with inflows in Asia Pacific amounting to CHF 1.2 billion despite “material deleveraging” — a far cry from the CHF 6.4 billion recorded in the previous quarter. Attributing Q4’s inflows primarily to Southeast Asia, the private bank saw the year’s total NNA…

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