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Regulation could cost Asian wealth management industry 20-25% of revenue: PwC

Despite the impressive rate at which Asian wealth has been growing, the wealth management industry in the region could lose as much as 20-25% of its revenues because of impending regulation according to Pricewaterhouse Coopers. At a conference in the Cayman Islands, Steven Crosby of PwC New York said that despite the positive outlook for growth in Asia, its financial…

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