Asia is expected to be the world’s second largest wealth hub by 2024, according to Knight Frank.
Ultra high net worth wealth fell for the first time in three years in 2018, and Hong Kong is no longer the city with the world’s largest population of UHNWI, according to a recent report.
US-listed Noah Holdings reported double-digit net revenue growth during the first half, but noted that investors are increasingly moving to the sidelines due to market volatility.
Indosuez Wealth Management aims to increase its Asia discretionary business to reach the industry average, and volatile markets provide the backdrop to do so, according to Arjan de Boer, head of markets, investments and structuring in Asia.
Standard Chartered Private Bank has made eight appointments to its Global South Asian Community (GSAC) team, which is responsible for advising the bank’s non-resident South Asian clients.
The assets of high net worth investors in Asia-Pacific are expected to reach $40trn by 2025 from about $18.8trn today, according to the Asia-Pacific Wealth Report by Capgemini.
High net worth individuals globally accounted for the largest EM fund inflows among different investor types, according to an Evestment report.
Hong Kong’s Securities and Futures Commission is proposing to relax rules on determining whether a person is a HNW professional investor.
High fees and poor performance have been linked to hedge funds, but James Cheo, Bank of Singapore’s investment strategist, believes that’s about to change.
Interest rate volatility has spiked and investors are urged to stay away from long-duration bonds, especially in developed markets.