Blackstone has boosted its private wealth unit in Asia sixfold over the past three years to make up a team of 30 focusing on Singapore, Hong Kong, Tokyo, and Shanghai.
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RBC Wealth Management says the financial industry must rise to the challenge of high-net-worth demand for socially responsible investing, as revealed in the World Wealth Report.
China is expected to underpin growth in the world’s ultra-high-net-worth population, creating opportunities for luxury retailers, particularly with young Chinese women.
