More changes ahead in the wealth business

SINGAPORE's wealth management industry is making its mark globally; a number of studies predict it could overtake European centres as an offshore hub in the near future. It has quite a few features in its favour: strong regulation, well capitalised banks and a well established legal framework. Its central location in Asia where wealth creation is expected to be prodigious also helps. Yet, success cannot be taken for granted. Already the industry has seen a number of exits and mergers and acquisitions,...

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