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BigTech entry into wealth management could draw up to US$12t: Capgemini

More than 50% of HNWIs globally interested in such services from the likes of Amazon, Google, Tencent, Capgemini's World Wealth Report shows

Wed, Jun 20, 2018 - 5:50 AM

Genevieve Cuagen@sph.com.sg@GenCuaBT

Singapore

AS MUCH as US$12 trillion in wealth could move to "BigTech" firms like Amazon, Google and Tencent, should they decide to offer wealth management services.

Capgemini's latest World Wealth Report 2018 finds that more than 50 per cent of high...

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