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Crow’s Nest: Will consolidation pick up in 2016?

As private banks in the region face cost and revenue pressures from rising compliance requirements and the threat of online investment options – one private banking head reckons robo-advisers could gradually chip away at private wealth models that target the US$1-3 million client segment – consolidation and scale-building have been two large buzzwords in the industry. (This article first appeared in Issue 94 of…

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