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Private banking in Indonesia: the pie has grown to a point where every player has enough to eat

Indonesia’s phoenix-like emergence from the Asian financial crisis was capped off this year by its return to investment-grade status – a sure sign that the archipelagic nation is set to take its place alongside the world’s most promising markets, bringing with it a substantial (US$106 billion in onshore wealth) opportunity for the private banking industry. Indeed, with an average 6%…

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