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JPMorgan's Asia Assets Under Management Rise Beyond Expectations to $400 Billion
JPMorgan Asset Management reportedly expanded its assets under management in the Asia-Pacific region by nearly one-third within 12 months, to about $400 billion, with a growing wealth management business as the main driver. The growth puts the firm on track to exceed the target set last year by Dan Watkins, its Asia-Pacific CEO, of doubling the region's assets from $300 billion to $600 billion by 2030.
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