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UOB PB’s DPM assets increase by 400% in 2017

UOB Private Bank, which set up its discretionary portfolio management (DPM) offering in early-2016, grew its DPM assets by 400% in 2017, amidst a wider push to shore up recurring revenues. The strong performance helped lift the bank’s latest total wealth management AUM to S$104 billion, according to the Singaporean lender. “The focus on DPM solutions [is] in line with…

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