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Asia's wealth managers look local for growth

June 25, 2010  

From Leigh Powell

The financial crisis has made clients more risk averse and driven them to demand more of their advisers. In turn, this has forced houses to rethink their strategy, as winners in our Private Banking Poll 2010 attest.

It has been another chastening year for private banks and wealth management franchises across the globe. Risk aversion remains ingrained among the world’s wealthy, whose post-crisis demands and expectations have forced many houses into a strategy rethink.

That has...


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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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