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Buoyed by acquisitions, pure play AUM growth outpaces universals

Pure plays and standalone private banks grew their AUM at a faster clip than their universal counterparts last year, with four of the six pure plays on Asian Private Banker’s 2016 AUM League Table expanding their combined books by 25% last year, from US$191.6 billion in 2015 to US$239.6 billion in 2016. By comparison, the private banking arms of universal…

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