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AUM data suggests Asia more important than ever for private banking industry

It is no big secret why private banks have targeted Asia with such gusto over the past decade. Wealth creation in the region remains robust, driven by China and Japan, with HNW wealth reaching US$17.4 trillion in 2015 according to Capgemini. Singaporean private banks, in particular, have grown at a rapid clip and Chinese players, while still embryonic in the…

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