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Asia’s PB clients likely to go for advisory over DPM, says Credit Suisse

An imminent trailer fee ban, rising compliance costs and a greater desire to build stable income point to a future where a fee-based business is of paramount importance to private banks in Asia. But while most players are looking to shore up recurring revenues by providing ‘traditional’ discretionary services, Credit Suisse’s APAC head of portfolio solutions, Tan Wei Mei, believes that…

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