As Asia emerges as the world’s largest wealth region, the one question foremost on the minds of all private bankers should be this: what does a typical Asian client look like? By Shayne Nelson, Global Head of High Value Client Coverage and CEO of Standard Chartered Private Bank Asia’s high net-worth individuals (HNWIs) – those with USD 1 million or more investable assets – are in general younger than their western counterparts. According to Capgemini and Merrill Lynch, 41 … [Read more...]
Sajid Rahman: Looking Ahead
Known for his ability to read the market, Sajid Rahman, country head of consumer banking Standard Chartered Bank Indonesia, asserts that along the emergence of affluent individuals in Indonesia, the needs of consumer banking are on the rise. The consumer spending from emerging affluent segment in Indonesia has staggeringly increased from US$0.8 million in 2000 to US$30.2 million in 2010. “That’s a 37-fold increase!” Sajid exclaims excitingly. The top three categories of spending in this … [Read more...]
