Singapore overtaken by Hong Kong in ranking of largest wealth management centres: Deloitte
Published Mon, Feb 9, 2015 · 06:38 AM
HONG Kong has overtaken Singapore to be the fifth largest wealth management centre in the world, a new report has shown.
With US$500 billion (S$676.6 billion) worth of assets tucked under its belt, Singapore fell a spot from last year although it recorded an increase of 25 per cent in its clients' assets since 2008, consulting firm Deloitte said on Monday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Overcrowded Venice introduces first payment charge for tourists
South Korea readies new system to detect illegal short-selling
US births retreat after pandemic-era growth
Markets are embracing India’s Modi for what he won’t do
Blinken to meet businesses in Shanghai as he kicks off a tough China trip
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah