Dealing with Asia's younger, more entrepreneurial millionaires

ASIA'S newly minted millionaires are younger and more entrepreneurial than those in the west, they are also more IT savvy and said to distrust conventional banks, how are private banks dealing with this?

The wealth generated in Asia is largely first generation, whether it is the substantial proportion held by the older tycoons, who are now facing the challenges of their succession issues, or the next wave who are vying to be the new wave of tycoons.

While it would be unfair to say that the western equivalent is lagging, it would be fair to say that there are significantly less opportunities in the west given both Asia's position as a global manufacturing centre and commodity hub, compounded with its own internal growth dynamics.