This report, which excludes wealth management figures in North America, covers 180 private banking entities managing a total of $10.8 trillion of assets. But while the top three players enjoy a combined market share of 39.3% of surveyed private banks, Scorpio notes that the real universe constitutes at least 400 organisations managing an estimated $51 trillion. Scorpio estimates that the top three in fact account for a combined 11.8% of total market share, and the top 10 make up 19%.
Cath Tillotson, partner at Scorpio, says increasing transparency is...
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