Photographer: Andrew Sacks/Getty Images

Asia Private-Bank Assets Fall for First Time Since at Least 2013

  • Clients' wealth under management declined 4.2% last year
  • Asian Private Banker report cites slowing growth, regulation

Asia’s top private banks posted their first drop in assets under management and number of relationship managers in at least three years as the region’s economic growth slowed and mounting regulatory pressure forced them to reject some clients.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.