The Business Times
SUBSCRIBERS

Rich Asian investors enjoy trading: Barclays Wealth

Published Thu, May 29, 2014 · 10:00 PM
Share this article.

[SINGAPORE] Rich Asians like to trade, especially in foreign exchange (FX) and derivatives, and they do it well, said Didier von Daeniken, chief executive of Barclays Wealth, Asia Pacific. "Asian clients have the ability to move from asset class to asset class," he said.

The perception that they are gamblers is misconceived, as most understand their trades and end up making money, Mr von Daeniken said in a recent interview. "Having been in Singapore 12 years, I don't think they gamble; they understand financial markets, as well as the companies they follow," he said.

Many would have 20 years of experience in financial markets and there is strong demand for derivative products for the…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

New Articles

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here