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Asia’s DPM train rolls on

Asia’s private banking industry continues to make headway on its goal to significantly raise DPM asset penetration levels. In 2018 — a year when the Top 20 banks experienced a 3.6% contraction in total AUM — the average asset-weighted penetration of private banking discretionary assets in the region edged up 0.1 percentage point to 9.7%, according to Asian Private Banker’s…

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