EFG Bank sees larger AUM contribution from Asia

SWISS private bank EFG Bank expects contribution from its Asian operations in assets under management (AUM) terms to increase to 40 per cent, from about 20 per cent now, and this translates to about US$18 billion in the "not-too-distant future", a top executive from the bank said at a press briefing yesterday.

This comes as the Swiss bank said yesterday that it had been awarded a wholesale …