S'pore falls to 6th spot as wealth-management hub
Hong Kong takes over Republic's previous 5th ranking globally after a big 2008-2014 jump in cross-border client assets
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Genevieve Cua
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Singapore
SINGAPORE'S global ranking as a wealth-management centre dropped a notch from fifth to sixth place at the end of last year, a report by Deloitte Switzerland has found.
It was overtaken by Hong Kong, which took the fifth spot as Hong Kong recorded a 146 per cent jump in cross-border client assets between 2008 and 2014, more than any other centre.
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