Asia's private banks hope for soft landing

Misery for relationship managers as their banks face increasing pressure from regulations that hamper their flexibility — while clients take a step back from the markets.

Asia's private banks hope for soft landing

Relationship managers at some Asian private banks are not in a good mood. The last two months of the year tend to be a honeymoon period’, they say. Their annual targets have usually been met by that point, allowing them to cut their workload ahead of the Christmas break.

But not this year. After struggling to hit their revenue targets, some relationship managers have been told their performance reviews and as a result, their bonuses...

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