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EFG APAC records net assets outflow due to deleveraging in 1H20

EFG recorded an outflow in net new assets (NNA) in Asia Pacific as investors deleveraged due to the uncertainty created by geopolitical tensions and market volatility. However, the bank showed its commitment to the region in 1H20 by increasing its stake in the Australian brokerage Shaw and Partner from 51% to 61%. The Swiss private banking group reported a 10.5%…

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