global wealth

Wealth in Singapore grew 7.4% to $1.8 tril: Credit Suisse

SINGAPORE (Oct 18): In the 12 months to mid-2018, wealth in Singapore grew strongly at 7.4% to around US$1.3 trillion ($1.8 trillion), according to Credit Suisse Research Institute’s (CSRI) Global Wealth Report.

CSRI expects wealth in Singapore to grow at 4.6% per annum over the next five years to reach about US$1.6 trillion in 2023.

Julius Baer said to hire nearly 20 bankers from BSI Singapore

SINGAPORE (Nov 23): Swiss private bank Julius Baer Group Ltd. is pushing ahead with a recruitment drive in Asia, hiring close to 20 Singapore-based bankers from BSI SA, the wealth manager caught up in the scandal surrounding 1Malaysia Development Bhd., according to a person familiar with the matter.

As Singapore’s rich continue to grow, so does the global wealth gap

SINGAPORE (Nov 23): Adverse currency movements have caused wealth to decline in every region except Asia Pacific (APAC) – the only instance which bucks the trend of limited growth in global wealth since 2013, according to the Credit Suisse Research Institute (CSRI) in its seventh annual Global Wealth Report.

Total global wealth in 2016 edged upwards by 1.4% or some US$256 trillion ($364.3 trillion), which is in line with the rate of world adult population growth.

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