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PWM industry slashes annual AUM growth projections

Unrest in Hong Kong has dampened the optimism of private banking practitioners in the city, who are feeling less optimistic about the near-term growth of the private wealth management industry, according to the PWMA. Practitioners recently surveyed by Hong Kong’s Private Wealth Management Association (PWMA) and KPMG for a report published on Tuesday have revised their annual AUM growth expectations from…

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