“You will need to have about US$30-35 billion of AUM to run a viable [private banking] business in Asia” according to the regional head of a major wealth manager at a recent Asian Private Banker event, when asked whether ‘size matters’ in a notoriously competitive industry. By this standard, only 13 private banks on Asian Private Banker’s 2015 AUM League…
Have a confidential tip? Get in touch [email protected]