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CBA expands UHNW platform

Commonwealth Bank of Australia has launched something called Commonwealth Private Office, which targets ultra high net worth (UHNW) clients, which CBA defines as holding A$10m (US$10m) or more. Adrian Hondros, the executive general manager at Commonwealth Private Bank said: “Following a review of our strategic plan in 2009, one of the key outcomes of the review was to create Commonwealth…

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