Asia's top 20 private banks boost AUM to record US$1.55t
Hong Kong
ASIA'S biggest private banks boosted their assets under management (AUM) to a record last year, rebounding from a 2015 contraction, amid acquisitions that swelled some firms' portfolio holdings.
Assets managed by the region's top 20 private banks climbed by 6.1 per cent to US$1.55 trillion in 2016 from a year earlier, according to an Asian Private Banker report released on Tuesday. The amount contracted 4.7 per cent in 2015 as the regi…
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