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Credit Suisse PB sees APAC NNA growth slow in Q2

Credit Suisse Private Banking’s APAC division witnessed asset gathering momentum slow in the second quarter of 2019, with the bank posting CHF 2.8 billion in net new assets for the region. Predominantly driven by Southeast Asia, NNA dipped 44% quarter-on-quarter from CHF 5.0 billion and almost 18% year-on-year from CHF 3.4 billion. As at the end of 2Q19, AUM in…

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