Finance, Accounting and Control Case Study

Rise of Millionaires in Asia: Opportunities and Challenges for Wealth Managers

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Abstract:
Following the 1997 crisis, the economies of the Asian countries started picking up. With the revival of technology and the financial sectors, people made huge profits through IPOs (Initial Public Offerings) of technology companies or in successful careers as investment bankers. The rise of new millionaires in Asia has thrown open many opportunities for the wealth managers. More and more private bankers from Western countries are trying to capture a share of the emerging markets. Analysts warn, though Asia looks an attractive destination, there are many challenges that lie ahead.

Pedagogical Objectives:

• To discuss the opportunities and challenges that lies ahead for private bankers
• To understand the scope of private banking in Asia.

Keywords : Wealth management in Asia, Millionaire's club, High net worth individuals, Asset management companies, Private banking in Asia, Banking and financial institutions, Asian banking industry, Investment management, Asian financial crisis, Financial regulations, Investment & Banking Case Study, Opportunities for wealth managers