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2017: A record year for Asian DPM growth

2017 was undoubtedly a record year for private banks across all facets due to a spectacular rally and strengthened ‘animal spirits’ following Trump’s election win, which portended pro-growth policies including tax cuts and fiscal spending. But what was particularly impressive was the record growth of DPM assets. According to Asian Private Banker data, discretionary assets at Asia’s private banks increased 52.7% year-on-year,…

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