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Global private banking net new money surges: Scorpio

Net inflows of cash have surged by more than 25% at global private banks, though AUM growth has slowed, said a new report by Scorpio Partnership. Currency fluctuations and financial market volatility contributed to tapering AUM growth, according to the Global Private Banking Benchmark 2015 report from the London-based strategy and research firm. While net new money (NNM) grew 26.8%…

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