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Asia’s Big Private Banks Increase Assets Under Management
According to Asian Private Banker, assets managed by the regions’ top 20 private banks grew by 6.1% to $1.55 trillion in 2016.
“grew by 6.1% to $1.55 trillion in 2016.”
The increase in assets under management was partly due to Bank of Singapore’s purchase of Barclays Plc’s wealth-management units in Singapore and Hong Kong and Union Bancaire Privee’s acquisition of Coutts International.
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