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Analysis: Which banks struggled to gain AUM in 2023, and why?

Private banks in Asia enjoyed bumper AUM growth of 16% on average in 2023, according to Asian Private Banker’s recent Asia 2023 League Tables, adding an aggregated US$400 billion in assets. However, this does not tell the full story. While the likes of UBS Global Wealth Management, HSBC Global Private Banking and DBS swallowed up tens of billions of dollars…

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