HSBC private banking AUM in Asia stays flat, even as profit, income rise

23 February 2016 | 4 minutes read

The UK lender’s private banking business in Asia posted a 20% year-on-year rise in pre-tax profit in 2015, while assets under management (AUM) in the region stayed unchanged from 2014 numbers, echoing recent updates from other global banking giants. HSBC’s global private banking (GPB) unit in Asia turned in a profit before tax of US$252 million for the year ended 31…

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