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Private banking industry showing signs of strain

July 12, 2010  

From Leigh Powell

While private banking assets surged an average of 17% last year, net new money inflows declined, cost efficiency eroded and the industry’s performance was much worse than that of the MSCI World Index, according to a global survey.

Private banking assets under management (AUM) surged an average of 17% last year, but it has attracted no new money on a net basis, a global survey has found.

The world’s wealth industry now manages US$16.5 trillion in high-net-worth (HNW)...


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 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


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