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M&A picks up in private banking as price-to-AUM ratio drops to new low

After the price-to-assets under management (AUM) ratio of international deals of wealth management businesses peaked at 3.61% in 2011, prices have decreased and converged with domestic deals in 2013. As a result, acquisitions have increased around the world this year. According to a recent report by consultancy firm, Scorpio Partnership, the average price-to-AUM ratio of wealth management business acquisitions in…

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