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Asia staunches outflows as EFG’s asset attrition continues

EFG’s Asia business was singled out as the core driver of net new asset growth for the Swiss bank, which otherwise endured a difficult six months in terms of asset outflows amidst the completion of the BSI integration. EFG reported group-wide net asset outflows of CHF 5.5 billion for the first half of 2017, largely due to “de-risking of the…

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