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Small private banks “can survive” in Asia

Indira Vergis
Firms with less than $10 billion in Asia-Pacific AUM will need a strong discretionary business to run a profitable operation, say experts. Use of technology will also play a big part.
Small private banks “can survive” in Asia

Scale may be increasingly important in private banking, but smaller wealth managers with focused offerings and strong discretionary businesses will be able to survive, argued industry observers. In turn, size alone will not guarantee success, they added; firms must also adapt to technological changes.

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