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HSBC private banking AUM in Asia stays flat, even as profit, income rise

The UK lender’s private banking business in Asia posted a 20% year-on-year rise in pre-tax profit in 2015, while assets under management (AUM) in the region stayed unchanged from 2014 numbers, echoing recent updates¬†from other global banking giants. HSBC’s global private banking (GPB) unit in Asia turned in a profit before tax of US$252 million for the year ended 31…

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