LESS ... MOREThe private banking landscape is undergoing a transformation fueled by technological advancements, evolving client preferences, shifting regulations, and emerging geopolitical dynamics. The Allure of Private Banking HubsA city’s attractiveness in private banking depends on several key factors. Economic vitality, exemplified by robust GDP per capita and healthy growth, attracts private wealth and cultivates a conducive investment environment. Singapore’s Ascension and Hong Kong’s RecalibrationWhile Hong Kong has historically been a leading player in the Asia Pacific private banking arena, it is experiencing a recalibration. The Rise of Family Offices: Wealthy Individuals Establish Roots in SingaporeSingapore’s international appeal is not going unnoticed.

Source: The Guardian November 06, 2023 18:24 UTC