Citi overtook UBS, as private banks' Asia assets fell in 2011

Private Banker International's Top 20 Asia-Pacific AuM Benchmark, a survey of the region's leading private banks released today reveals that assets under management (AuM) growth in Asia-Pacific flatlined in 2011 in dollar terms, dropping from $1,105bn to $1,099bn. Nicholas Moody, editor of Private Banker International comments: "The fall in aggregate…