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HSBC GPB to wind down EAM business in Singapore

HSBC Global Private Banking (GPB) will soon wind down its external asset management (EAM) business in Singapore just three years after launching it, multiple people familiar with the matter told Asian Private Banker. Led by Peter Lee, head of independent asset managers (IAM) for Southeast Asia, the team had about two RMs, the people said. The people added that the…

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