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When wealth managers home in on nationalities ...

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While that proposal awaits regulatory clearance, this week saw the launch of Ping An Insurance Group Co's Lufax online wealth-management platform in Singapore.

DON'T be surprised if in 20 years, Singapore's wealth-management industry starts resembling a mini-United Nations, with bankers wearing their nationalities on their sleeves.

Last week, Bloomberg Gadfly commented on one such act of flag-waving. PT Bank Mandiri, Indonesia's largest lender

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