Capgemini and RBC Wealth Management explore the fast-growing wealth of the Asia-Pacific region
Built on the global World Wealth Report, the Asia-Pacific Wealth Report 2012 from Capgemini and RBC Wealth Management looks at the behaviour of high net worth individuals (HNWIs) in 10 core markets: Australia, China, Hong Kong, India, Indonesia, Japan, Singapore, South Korea, Taiwan and Thailand.
In 2011, Asia-Pacific became home to the largest population of HNWIs, surpassing North America for the first time.
This year’s Spotlight section focuses on Asia-Pacific offshore wealth centres, led by Hong Kong and Singapore. The past few years have seen a major growth opportunity for Asia-Pacific offshore centres as the region has seen its HNWI population increase to 3.37 million. This increase in population has helped contribute to the growth of Singapore and Hong Kong as centres of offshore wealth because of their proximity, cultural and linguistic alignment, proactive and transparent regulatory authorities, and the access they provide to investments in developing, but highly regulated, Asian markets such as India and China.