India, China drive region’s wealth to global high

Asia Pacific has overtaken North America as the region with the most high-net-worth individuals after its wealthy population surged to a record high last year, new research shows. The region also grew at the fastest pace worldwide in 2014, driven by India and China, and is tipped to take top spot for HNWI wealth before the end of this year. However, while the number of HNWIs and the level of their investible wealth increased globally in 2014, it was slower than 2013 (see last ye…