3 million HNWIs in Asia by 2015
According to a report released by Julius Baer, the number of High Net Worth Individuals (HNWIs) in Asia is set to increase to 3 million and have a stock of wealth equal to USD 16.7 trillion within the next three years.
Asia has remained resilient due to her
- Strong fiscal fundamentals
- Improved economic policy making
- Greater diversification of trade links.
- Domestic demand
- Supported by robust job growth
China and India are looking to lead the boom of HNWIs in Asia Pacific, underpinned by robust domestic consumption and a growing number of affluent individuals. With the combined wealth of Asia Pacific’s HNWIs estimated to grow at an annual rate of 8.8%, private banks and independent wealth managers are growing their operations as well to tap into this increasing wealth tier.
Private Banking Asia 2013 to be held 12-14th March, 2013 in Singapore is bringing together private banks, wealth managers and IFAs to brainstorm strategies on how to build and operate a successful HNW business, how to benefit from the latest innovations in risk management and I.T. and how to improve the client experience in Asia’s future private banking environment.
Click here to download a copy of the brochure!