APAC Wealth Management
The world's new wealth management hub?
It is no secret that wealth management services in the APAC region are currently booming. According to HSBC, APAC countries are set to be home to more millionaires per adult population than countries from developed markets by 2030.
The number of high net worth individuals in APAC soared in recent years thanks to a myriad of factors including strong exports, significant asset price growth in sectors such as real estate, urbanisation and the growth in the size and affluence of the region’s middle class. In addition, increasingly permissive financial markets regulatory environments are attracting significant foreign direct investment.
By 2025, APAC assets under management (AuM) are set to surpass any other region globally, and double from the US$ 15.1 trillion in AuM recorded in 2017.