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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

Switzerland keeps its spot as the world's top wealth management centre, with US$2 trillion under management as at the end of last year, a rise of 14 per cent since 2008.


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