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Transactional business will continue to dominate, say PBs

Contrary to the view that the industry has been hamstrung by a sharp downturn in transactional volumes, private banking attendees at Asian Private Banker’s Investment Advisory Summit in Hong Kong said that their transactional businesses remain relevant and important. “I wouldn’t say that transactional activity is dead – it is still a part of private banks and will always be,…

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