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DBS’s WM AUM up 3% QoQ, HK business “remarkably resilient”

DBS’s wealth management segment — which includes its Treasures, Treasures Private Client, and Private Bank businesses — has recorded a 3% QoQ uptick in AUM and a 16% YoY increase in quarterly income, while the Singaporean lender’s Hong Kong business has remained “remarkably resilient” in the face of heightened tensions in the SAR. According to DBS Group’s 3Q19 results, wealth…

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