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Bank of Singapore AUM up 7% in 2015

Bank of Singapore’s (BOS) assets under management (AUM) increased 7% year-on-year, despite volatile macroeconomic conditions and high overheads resulting from tightened regulations, its latest earnings report read. The Singaporean private bank’s AUM reached US$55 billion at end-2015. Its earnings asset base, which includes loans, rose by 5% to US$68 billion. Wealth management income from BOS’ parent OCBC group – which…

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