High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Tag : rbc
Mayur Nallamala, who ran $4 billion in Asian assets at JP Morgan Asset Management, has joined Royal Bank of Canada's investment arm as head of Asian equities.
In light of an improved economic outlook and rising salaries, companies in the region are looking anew at the benefits of launching retirement schemes.
Growth in the number and wealth of high-net-worth individuals in Asia will outstrip North America within three years, although it will be a tight race, finds a benchmark survey.
SSgA loses South Asia MD, Axa hires fixed income head, RBC WM adds in Indonesia, Pimco names Japan PM, Credit Suisse bulks up fixed income, and HK boss joins Northern Trust.
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Compliance officers at financial institutions outline how the cost of complying with a raft of regulatory reforms is dampening innovation and making it difficult to stay competitive.
