And appetite for risk among wealthy Asians is set to rise in the next two years, with many likely to seek financial planning and advisory asset-management services, according to a Datamonitor survey.
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Strategies such as joint ventures between Indian firms and international managers are being pursued to capture a significant portion of this niche market.
Market research firm Datamonitor expects front office technology spending to top $3.4 billion by 2012.
Liquid savings and investments likely to rise 5-10% annually until 2011.