These are not just impressive statistics. They point to a profound shift in the centre of gravity of global capital. For Singapore, they present a defining question: Can the Republic move beyond being Asia’s safest vault to become the place where the region’s future wealth is created, invested and multiplied? The answer will determine whether Singapore merely participates in Asia’s next growth story or helps write it.
A new economic opportunity is emerging in Asia — and it is measured in trillions of dollars. PwC projects that assets under management across Asia-Pacific will rise from US$23.2 trillion in 2024 to US$34.5 trillion ($44.61 trillion) by 2030, expanding at a faster pace than North America and Europe.
By the end of the decade, the region’s high-net-worth wealth pool is expected to reach US$52.4 trillion, generating an additional US$47 billion in annual revenues for the asset and wealth management industry.
