Asia's affluent lose one-fifth of wealth in 2008

Oct 13, 2009

Hong Kong's high-net-worth crowd were the hardest hit in Asia-Pacific by the financial crisis, according to the annual wealth report from Capgemini and Merrill Lynch.

It was perhaps inevitable that after experiencing such rapid wealth growth in the past few years, Asia's high-net-worth individuals suffered particularly keenly from the recent crisis. But there is still huge market potential in the region for advisory firms able to tap it.

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