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RBC Wealth Management to consolidate platforms in Asia

Facing squeezed margins and tough competition, RBC Wealth Management is looking to consolidate its platforms in Hong Kong and Singapore into a single platform, Asian Private Banker has learnt.  According to individuals who are close to the matter, RBC Wealth Management is doing this to increase efficiencies and slash operating costs. “The idea is to leverage Hong Kong’s brokerage model and Singapore’s private…

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