Asian IAM assets to double by 2020: Julius Baer
The region’s independent asset managers are tipped to account for a significantly bigger share of investable portfolios in the coming five years, from clients within and outside Asia.
The nascent independent asset manager (IAM) industry in Hong Kong and Singapore is set to double to $56 billion by 2020, and its share of wealthy clients’ assets will expand in turn, according to new research from Swiss private bank Julius Baer.
In addition, the average size of each IAM is tipped to grow by 43% in Hong Kong to $430 million from $300 million and by 60% in Singapore to $400 million from $250 million.
Julius Baer includes external asset managers and multi-family of…
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