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Private bankers blame lagging DPM sales on lack of specialised mandate

“If you want to differentiate, you’ll need to stick your neck out,” says one private banker, lamenting on the lacking diversity of discretionary offerings in Asia and blaming it on the risk averseness of product launches. “With just generic multi-asset or equity mandates divided into three or five risk profiles, we are all competing for the same assets,” notes the…

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