Private banking and wealth management at China
Merchants Bank received a welcome boost in the first half of 2012
with healthy gains in assets under management (AuM) and client
numbers.
The bank registered 18,401 private banking
customers and RMB412bn ($64.9bn) in total AuM as at 30 June 2012,
an 11.57% and 11.42% rise respectively from the start of 2012.
Private banking AuM comprised 12.4% of China
Merchants’ total AuM, which went up by 18% to RMB3.32trn in the
first half of 2012.
The proportion of high net worth (HNW)
customers also increased, by 1.68 percentage points to 15.89%,
since the start of the year.
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