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Scalability, speciality will drive PB consolidation in Asia: McKinsey

While consolidation within Asia’s private banking industry has slowed considerably of late, McKinsey & Company believes there exist opportunities for further merger and acquisition activity in Asia, due in part to the desire for scale in AUM and specialisation in services. “Private banking is a scale business and AUM remains one of the key levers in private banking profitability,” said…

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