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UOB’s HNW business grows AUM 18% YoY, will “continue to pursue” organic growth strategy

While its Singaporean rivals have been more than happy to dip into the market for bolt-on acquisitions, UOB’s private banking unit plans to maintain its organic growth strategy, group deputy chairman and CEO Wee Ee Cheong said in an earnings presentation in the city-state today. In the first half of 2017, the high net worth (HNW) segment of UOB’s wealth…

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