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Refocusing on talent in private banking in Asia

Steady expansion of private wealth in region bodes well for Singapore.

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Mr Cavalli acknowledges that the robust asset growth masks some of the challenging business and operational conditions for some private banks.

THE Credit Suisse Research Institute projects that household wealth in Asia-Pacific will grow at an annual rate of 8.3 per cent to reach US$111 trillion by 2019, with the regional share of global wealth increasing to 30 per cent. The number of millionaires in Asia-Pacific is also expected to