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UOB’s high affluent segment income rises 10% YoY in 2018

UOB’s high affluent segment income and assets under management (AUM) rose year-on-year in spite of lower wealth management fee income amid market uncertainties, according to the bank’s 2018 financial results. The Singaporean lender’s high affluent segment — comprising its privilege banking and high net worth (privilege reserve and private bank) segments — posted a 10% year-on-year growth in income, from…

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