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IT IS MID-APRIL 2010 and Euromoney is listening patiently to three executives of a new private banking venture in Europe big up their prospects as the business emerges from the wreckage of one of the banks worst hit by the financial system crisis. The chief investment officer is outlining what sounds like a suspiciously self-serving philosophy of how wealthy clients need regularly to reallocate strategic exposures rather than sit tight on them.
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