The New Normal For Asia
31 July 2012
BY Mykolas D. Rambus
Wealth-X
With rising wealth in Asia, keeping abreast of the different challenges and needs of ultra affluent individuals becomes critical.
The veritable wave of wealth that has swept Asia has led to an explosive growth of wealth populations in Asia. This presents an array of opportunities and challenges for the wealth management industry which has yet to fully come to grips with the new Asian ultra high net worth (UHNW)phenomenon. As Asia is predicted to be in the early stages of a 150 year wealth cycle, the need to address challenges is most critical for professionals who work with clients from the UHNW sector.