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Handbook of Asian Finance by Greg N. Gregoriou, David LEE Kuo Chuen

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Chapter 2

Private Wealth Management in Asia

David R. Meyer,    Olin Business School, Washington University in St. Louis, Campus Box 1133, One Brookings Drive, St. Louis, MO 63130-4899, USA    E-mail: dmeyer24@wustl.edu

Abstract

Asia is becoming the most significant regional market for private wealth management. Private banking units of large global financial firms and specialized private banking firms have expanded in the region. Hong Kong and Singapore, the leading financial centers of Asia, likewise are the greatest centers of private wealth management. China is on a trajectory to become the most important market, even as Japan remains the largest, albeit one that is stagnating. India’s demand for private banking services is growing, but it ...

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