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Singapore’s private banks applaud latest industry review; foresee growth of fees-for-advice model

Singapore’s perpetual efforts to build its credibility as a wealth management hub, most recently exemplified by the publishing of the Financial Advisory Industry Review report last week, are being well received by industry experts, and may even pave the way for the growth of a fees-for-advice banking model which prevails in Europe. Conversations with private bankers, in particular, reveal an…

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