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Deutsche’s Mahesh banking on UHNW strategy to lift profits

Asia’s coveted ultra high net worth segment (those with investable assets of US$30 million and above) remains a fundamental key to private banking success in the region, particularly as a large number of institutions rein in their servicing of the less-lucrative mass affluent segment in their quest for profitability. In Asia alone, an estimated 42,895 ultra high net worth (UHNW)…

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