BY 2020 Switzerland will have lost its position as the number one destination for the wealth of the world's super rich to Singapore, a report says.
The report from private banking research group WealthInsight takes a deep dive into where money is moving in the most exclusive investment clubs in the world - in elite wealth management, family and multi-family offices. In 2011 it was a $US19.3 trillion ($A18.80 trillion) industry.
In 2011 Singapore had $US550 billion worth of private banking assets under management, in 2000 it had only $US50 billion. That's massive growth that WealthInsight doesn't see that slowing any time soon. Full story
Related:
Singapore to become wealth haven - Yahoo!7 News
