Keep on growing

Asian private banks expect to continue growing by 15% a year, according to the latest survey.

A survey carried out by PricewaterhouseCoopers and released yesterday Tuesday revealed the ongoing strength of the Asian private banking and wealth management business. The survey asked private bankers and wealth managers from 29 institutions in Hong Kong, Singapore and Australia to predict their asset growth rates for the next three years. The average growth rate predicted was 15% each year, for each of the next three years.

In an interesting example of the latent bullishness of the...

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