PRIVATE banks' core business undoubtedly centres around the servicing of wealthy clients. But a number of banks are branching out to offer a range of platform services to other financial intermediaries as well, such as independent asset managers, smaller banks and family offices.
UBS managing director Karin Oertli Kung, who is also head of the global financial intermediaries (FIM) business, says the FIM market will grow. But she also expects consolidation or a trend towards larger firms.
"We believe...
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