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Smaller private banks can “rent a platform” to stay in business, says UBS’ Kathryn Shih

Kathryn Shih

Smaller private banks – which may otherwise struggle to stay afloat amid a rising regulatory burden and hefty upfront costs when installing front-to-back platforms – should consider outsourcing parts of their businesses to larger rivals, including UBS, the Swiss lender’s APAC president, Kathryn Shih, tells Asian Private Banker. “A possible alternative for smaller private banks to ride the tech wave…

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