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68% of region's private banks report DPM penetration rates of less than 10%

The uphill battle to convince Asian HNWIs to invest into discretionary mandates continues, with 68% of private banks in the region indicating that penetration rates remain below 10%, according to a recent survey conducted by Asian Private Banker. Of the 68%, more than half recorded penetration rates below 5%, while 30% of respondents said that discretionary portfolio management (DPM) rates…

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