A shorter wait time for family-office regulatory approval could lure more wealth to Singapore, along with scope for further tax perks.
Private bankers in Singapore are more optimistic about Asia's wealth-industry growth prospects than their peers in Hong Kong, according to a Bloomberg Intelligence (BI) survey in which a third of respondents in the Lion City forecast asset-management growth of 11% or more a year to 2030.
Their clients appear to have a bigger risk appetite, with exposure to greater China and demand for equities and digital assets likely to significantly rise.
