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For the mass affluent business to thrive, PBs should expand discretionary services: Privé

The mass affluent of Asia are on the rise and no banks — including private banks — can bear losing the business opportunities in the region’s burgeoning middle class. It is a client segment whose investment needs are yet to be met, but private banks’ expertise with discretionary portfolio management (DPM) can fill that gap. Re-think, Re-focus and Re-engage —…

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