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APB Insights: Why the Philippines has the fastest-growing AUM among Asian markets

Private banking and wealth management AUM in the Philippines saw strong double-digit growth in 2023, outperforming all other domestic markets in Asian Private Banker’s Asia Markets 2023 League Tables. By the end of 2023, the AUM of private bank and wealth management players in the Philippines totalled US$58 billion, increasing US$12 billion from US$46 billion in 2022. Compared with 2022’s…

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