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Salaries to rise 8-10%, bonuses hammered

In the wake of disappointing year-end results marked by low profits and high operating costs, private banks have been forced to slash bonuses for 2015, though salaries are expected to rise 8-10% on average over 2016, Asian Private Banker has learnt. The shallow private banking talent pool across Asia is perhaps the main impetus behind rising wages, despite turmoil market conditions…

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