Swiss private bank Julius Baer Group predicts there will be almost 3 million Asian millionaires by 2015 -- double the current number -- with a combined $16 trillion in assets. International firms have noted the trend and are moving into the region, hoping to leverage strong reputations in private client work from abroad.
October 17, 2011 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The vast increase of wealth in Asian hands has been one of the more conspicuous economic trends of the past several years. According to Swiss private bank Julius Baer Group, that trend has far from run its course. In its inaugural Asia Wealth Report, Julius Baer is predicting there will be almost 3 million Asian millionaires by 2015, double the number today. Together, they will hold $16 trillion in assets.
All those rich people are going to need some lawyers.
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