Jones Lang LaSalle is among those setting up teams in Asia to service wealthy individuals in response to rising interest in real estate.
DBS Private Bank hires veteran Chan Kwee Him to spearhead the growth of its high-net-worth business in Indonesia, and also names Bryan Goh as head of alternatives.
The ranks of the truly wealthy have swelled, with Asia leading the recovery, according to the Merrill Lynch Global Wealth Management/Capgemini World Wealth Report.
The Canadian insurer has launched its first universal life policy in Asia, Heritage, designed specifically for Singapore's private-wealth market.
Most high-net-worth Asians have achieved their wealthy status in the past 20 years -- they now face the issue of how to pass on their fortunes, say private bankers.
Merrill Lynch expects the combined assets of the world’s high-net-worth individuals to reach $59.1 trillion by 2012, led by those in the Middle East, Latin America, and Africa.