Consultancy firms cast net wide

2 March 2015 | 2 minutes read

External consultancy firms servicing private banks are widening their nets to include wealth management houses with significant assets under management (AUM) – including one which is believed to have as much as US$8 billion. Private banks are increasingly outsourcing internal operations as they become less willing to risk spending time, investments and potential damage to reputations caused by layoffs. Outsourcing…

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