According to Strategic Insight’s latest report, “Emerging Market Bridges: All Eyes on Asia and Latin America for Fund Managers and Private Banks,” local developed markets will continue to struggle for the foreseeable future, and investment professionals should look to the growth centers of Asia and Latin America to drive performance.

“Quarterly earnings results from Credit Suisse, Julius Baer, HSBC and UBS contrast strong gains from emerging markets, to private banking and wealth management with stunted progress in Europe and the U.S.,” said Daniel Enskat, head of global consulting at Strategic Insight.

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