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HSBC PB sees slight increase in Asia AUM on inflows into HK

HSBC Private Bank increased its assets under management (AUM) in Asia by US$3 billion (YoY and QoQ) to US$111 billion in the first quarter through March, citing net new money inflows into Hong Kong. The UK lender said on Thursday that its global private banking profits fell from a year before as adjusted revenue declined by 8% to US$415 million,…

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