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Commitment from generation to generation

Wednesday, February 25, 2015 - 05:50
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The goals of high net worth individuals are longer-term and oriented towards future generations.
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Mr Sriram: "The concept of private banking is arguably more intrinsic to Asian traditions - and the importance attached to generations past and future - than even in Europe where private banking was born."

IT'S well known that the number of high net worth individuals (HNWIs) in Asia is growing faster than any other region in the world, with Singapore at the vanguard of the millionaires-per-capita rankings.

Very little of the wealth in Asia could be characterised as "old money" - especially