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Reuters details Thailand's Phatra Securities' private banking growth plans, shares jump

Reuters details Thailand's Phatra Securities' private banking growth plans, shares jump

Reuters interviewed the chief executive of Phatra, the Thai partner of Bank of America Corp’s Merrill Lynch unit, to reveal the company’s plans to double its private banking assets over the next two years and to hire more than 20 new staff to achieve that. Phatra’s shares jumped as much as 7 percent after the interview, which was held as part of the Reuters Global Private Banking Summit.

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