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Five years on, Asia’s private banks and wealth managers are still wary of outsourcing

In July 2012, consulting firm Celent published a report highlighting the reluctance of wealth managers to outsource processes, largely due to privacy concerns. It noted, however, that in the wake of the global financial crisis, the tide was turning as many firms were starting to outsource technology and operations infrastructure – though it cited Asia as a laggard region. Five…

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