WWF-Singapore conducted a pilot study from October 2022 to February with seven private banks that have presence in Singapore and headquarters in the US, Europe and Asia.
Asia’s wealth management revenue is expected to reach $90 billion by 2025, and private banking in Asia is expected to display significant growth in the coming years as the number of ultra-high-net-worth individuals (UHNWIs) in the region increases, says WWF-Singapore (World Wide Fund for Nature Singapore).
According to the results of a pilot study released by the independent conservation organisation on June 5, nearly half (49%) of high-net-worth individuals (HNWI) under 40 are interested in sustainable investments, and banks gear up to the $84 trillion wealth transition by 2045.
