The private banking arm of Singapore-based DBS Bank is creating a new international private banking team to tap what it said is a rising demand from international high net worth individuals keen to invest in Asias growth.
The number of high net worth individuals in Asia-Pacific grew almost 10% to 3.3m in 2010, exceeding Europe for the first time ever.
The worlds wealthiest households may more than double their total wealth over the next decade.
The worlds HNWIs remain largely confident, if a little less than before, a new survey reveals.
Demand for HNW offshore insurance-linked investment products in emerging markets is under-served.
