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Heard on the Street: Legal teams mimic WM structure

Hohg Kong city, view on the skyscrappers. Panoramic picture

We’ve all read and heard about how banks are tweaking their businesses toward focusing more on wealth management (WM). Asian Private Banker has also learnt that at one global bank in Asia at least, the legal unit has also taken a leaf out of the WM playbook to better cope with heightened regulatory requirements. Regulatory requirements for procedures such as…

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