Asia-Pacific wealth management a bright spot amid pandemic
APAC wealth market looks set to outstrip other developed markets in AUM growth and profitability
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Genevieve Cua
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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.
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