Tag : wealth-x

ANZ loses private banking chief; Aberdeen makes property hire; UBP's Asia head to leave; AMP makes multi-strategy changes; General Atlantic's SE Asia head departs; Mercer makes fiduciary promotion; SuMi Trust GAS gets new Ireland CEO; and Wealth-X appoints CFO.

Investment into real estate from rich Asians has trebled since 2007, far outpacing flows from other regions, according to Savills and Wealth-X.

The city ranks second only to New York by number of billionaires; it has three times as many as Singapore and almost half that of China, according to the Wealth-X and UBS Billionaire Census.

Scale and stability are increasingly important for wealth managers in Asia – as is reflected by the recent exit of several relatively new players in the region.

A quarter of Hong Kong's ultra-high-net-worth population is over 70, pointing to a major transfer of wealth in the next 15-20 years, according to Wealth-X's profile of the city's super-rich.

However, more support is still needed for women entrepreneurs in the region. Such are the findings of two new studies.

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.