Focus on philanthropy at UBS forum this week

Singapore

THE exponential rise in wealth creation in Asia has been accompanied by a surge in interest in philanthropy and impact investing on the part of the wealthy in the region.

"Philanthropy has emerged as a trans-generational force that helps transmit family values, engage the next generation, and establish a lasting family legacy," said Josef Stadler, head, global ultra high net worth at UBS Wealth Management. "Many of our clients consider that great wealth has a purpose. By helping others, they express values, foster personal and family identities, and leave an imprint for prosperity."