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Heard on the street: Regulatory changes could see Malaysia’s onshore private banking industry reach new heights

23 November 2012 | 3 minutes read

With the total wealth of its high net worth individual (HNWI) segment projected to double from 2010’s US$143 billion to 2015’s US$347 billion — Malaysia’s promising private banking landscape may be about to see a regulatory boost, which could further increase the market’s sophistication. Malaysia’s financial watchdogs, in the interests of investor protection, have thus far limited the shelf of…

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