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Barclays expects IAM business to contribute 10% of Asian private banking revenue, hires heavyweights

British lender Barclays has underscored the seriousness of its ambitions as a leading private bank to Asia’s burgeoning independent asset manager (IAM) population. Triumphant from his recent hire of heavy hitters from Credit Suisse, Cedric Lizin, Barclay’s head of independent asset managers, Asia Pacific, is aiming for revenues from the space to contribute as much as 10% of all of…

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