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.
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Sarasin finds SE Asia head, StanChart hires in asset services, M&G to add trio, Credit Suisse in Aussie reshuffle, Wealth-X unveils build-out and Hamilton Lane eyes Asia partner.
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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.
