Goldman's $1 Billion Bankers Are Benchmark in Asia's Wealth Race
- Relationship managers at private banks running larger pools
- Goldman Sachs topped Asian private banks in assets per manager
Goldman's $1B Bankers Set the Pace for Asian Wealth
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For years, Asia’s biggest private banks have been on a hiring spree to keep pace with the ranks of newly minted millionaires. Now, they’re squeezing more out of their bankers.
Relationship managers who cater to wealthy clients in the region are running larger pools of money, with average assets run by each surging to an all-time high of $341 million last year in Asia, according to Asian Private Banker. Goldman Sachs Group Inc. topped the charts, with each private banker handling almost three times that amount.