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Credit Suisse Private Banking Asia AUM flat, income up 11% in 2015

Assets under management (AUM) for Credit Suisse Private Banking in the region was relatively unchanged at CHF150.4 billion (US$149.5 billion) in 2015 over the previous year, with pre-tax income rising by 11% year-on-year to CHF344 million (US$342 million), the group’s full-year financial results showed. The number of relationship managers in Asia also increased to 590 from 520 in 2014, with the bank aiming…

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