SINGAPORE (Jan 22): The asset and wealth management industry in Asia Pacific (APAC) is expected to be the centre for global Assets under Management (AuM) growth in the coming years, according to PwC.

PwC’s Asset and Wealth Management 2025: The Asia Awakening report says APAC AuM is expected to grow at a total compound annual growth rate (CAGR) of 8.7% to US$16.9 trillion ($23 trillion) in 2020 and US$29.6 trillion ($40.2 trillion) by 2025 from US$15.1 trillion in 2017, if protectionism remains limited and geopolitical activity remains relatively sanguine.

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