Asia Pacific, Financial, Global Banking, News, Private Bankers, Wealth Management

Asia’s Big Private Banks Increase Assets Under Management

Asia’s Big Private Banks Increase Assets Under Management

Asia’s biggest private banks increased their assets under management to a record in 2016 rebounding from a 2015 decline. According to the Asian Private Banker, assets managed by the regions’ top 20 private banks grew by 6.1% to $1.55 trillion in 2016.

“Assets managed by the regions’ top 20 private banks grew by 6.1% to $1.55 trillion in 2016.”

~ Bloomberg

The increase in assets under management was partly due to Bank of Singapore’s purchase of Barclays Plc’s wealth-management units in Singapore and Hong Kong and Union Bancaire Privee’s acquisition of Coutts International.

Related Reports: Bloomberg

 


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