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Improved market conditions “provided a lift” for Asia’s private banks in Q1

Private banks in Asia have, for the most part, reported strong first quarter results, citing increased client activity and product sales amid a buoyant market environment. Michael Wu, senior equity analyst at Morningstar Investment Management Asia, says improved market conditions, investor appetite and trading volumes “provided a lift” for private banks in the first quarter through March. In 1Q16, markets…

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