Asian private banks under-serving a segment with US$3 trillion opportunity for grabs

By | 10 April 2012 | 2 minutes read

Private banks in Asia are overlooking a key segment worth a potential US$25 billion each year. According to a recent report by global management consultant and subsidiary of Marsh & McLennan Companies, Oliver Wyman, the heavy focus on serving ultra-high-net-worth individuals (UHNWI), defined as clients with US$25 million or above in assets, comes at a hefty expense as the “Core-wealthy”…

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