The Business Times
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Asia-Pacific wealth management a bright spot amid pandemic

APAC wealth market looks set to outstrip other developed markets in AUM growth and profitability

Genevieve Cua

Genevieve Cua

Published Tue, Dec 29, 2020 · 09:50 PM

    Singapore

    THE COVID-19 pandemic has crimped business activity, but most private banks in Singapore continue to report growth in assets under management (AUM) and net new inflows, helped by wealthy clients' wholehearted embrace of digital services.

    Recent months further cemented what private bankers have long believed - that the Asia-Pacific (APAC) wealth market is set to outstrip other developed markets not just in AUM growth but also in terms of profitability.

    Wealth managementAsset managementAsian private banking

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