Several external asset managers in Asia are said to be wooing prospective acquirers, including private banks. But would such moves benefit clients?
Tag : eams
Passive products' lack of retrocession fees remains a barrier to their take-up by private banks, but there is demand from independent asset managers.
Growth in the number of new external asset managers and multi-family offices in Asia seems to be slowing due to the rising cost of compliance and talent, say private bankers.
