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Opinion: reality bites in Asia private banking

May 19, 2010  

From Leigh Powell

Institutions with Asian aspirations have been bragging about plans to bulk up with bankers. But the only way they can meet this requirements is to hire droves of inexperienced staff. Such ambitions reveal a lot about the sales-driven nature of wealth management today.

Talk to wealth managers and private bankers in Asia and it’s hard to escape the conclusion that their post-crisis bullishness borders on the delusional.

Institutions in this outperforming part of the world have been falling over themselves to outline...


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 LOCAL CURRENCY DCM

Rank Bookrunner Value ($m) No. %Share
1 Samsung Securities Co 1,079 13 4.8
2 China Development Bank Corp 1,066 3 4.8
3 KB Financial Group Inc 1,052 10 4.7
4 Daewoo Securities 950 8 4.2
5 Korea Investment & Securities 865 14 3.9
6 Woori Investment & Securities 854 12 3.8
7 SK Securities 758 8 3.4
8 CITIC Securities 686 2 3.1
9 Dongbu Group 650 10 2.9
10 Haitong Securities 649 2 2.9
Subtotal 8,609 70 38.4
Total 22,396 168 100.0

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