Asian private wealth
Boom year for Asia's private banks as Top 20 AUM surpasses US$2 trillion in . Gold, Private Client and Private Bank), Credit Suisse Private Banking, HSBC.
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Asian private wealth hits $2.01t in 2017
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Description:Sat, Oct 06, - 5: With cash streaming in, there hasn't been much reason for private banks to worry about high costs for things like salaries, technology and compliance. Lower returns, and even outflows, will force a day of reckoning for some of the industry's smaller players. In recent years, Hong Kong has become an IPO billionaire factory for tech entrepreneurs, hotpot restaurateurs and everything in between.