Recent mergers and acquisitions (M&As) involving some of Asia’s most prominent private banks suggest that pure-plays are aggressively trying to achieve critical mass, while global integrated institutions are torn between refocussing and reconfiguration, and outright retreat. The past two months alone have seen a flurry of M&A activity. This week, Liechtenstein-based VP Bank announced that it will acquire HSBC Trinkhaus…
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