Private wealth

Hubs such as Dubai and Abu Dhabi are expected to remain resilient due to economic opportunities and infrastructure, say industry players

It is the bank’s fourth and largest such facility in the city-state

Some have beefed up their offerings to include European private credit, hedge funds and private equity products

The top 1% of households now hold almost one-third of the nation’s wealth

Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses

MAS likely to go ahead with simplifying the single family office tax incentive framework in the face of rising competition

SENSE & CENTS

Tastes change, operating environments are tricky, competition may intensify and rich folk may be political targets

The preferences of the younger set should be factored into succession planning, and professionalisation is the pragmatic solution

A recent report by the lender names the Republic as entrepreneurs’ top destination for wealth and relocation

ASIA UNPACKED

Even as the rich move money and citizenship abroad, Vietnam is trying to lure talent back home