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Morgan Stanley's Asia wealth push faces poaching pull by ultra-rich

With the region's expansion of wealth, there is a shortage of top professionals to run rich families' operations

Asia-Pacific's ultra-rich are luring top relationship managers from private banks to manage their family wealth.


ASIA'S swelling ranks of the mega-wealthy are proving to be a mixed blessing for Morgan Stanley.

The firm's Asian private banking unit has boosted assets under management and revenue this year, according to Vincent Chui, who oversees the business. But because top bankers

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