Asia
Global wealth reached record high of $250trn in 2020
8.3% rise caused by surge in clients investing in alternatives
StanChart partners with asset manager to unveil Singapore app
Plans are underway to roll it out in other markets in Asia
Bet on equities as long term prospects look rosy
India is showing progress in limiting the pandemic spread and investor confidence is swelling
Life insurer unveils client product tool in Thailand
Firm hopes it ‘empowers’ customers to do their own financial needs analysis
PEOPLE MOVES: Edmond de Rothschild, Close Brothers AM, CGWM
Private bank names chief executive, while wealth firm hires managing director for London office