Asia plays a large part in most global strategies – according to the World Economic Forum predictions of 2012, by 2030 Asia will host 64% of the global middle class and accounts for 40% of global middle class consumption. In the last 30 years or so, there has been significant economic growth in Asia contributing to the meteoric rise of high net worth individuals in the region.
The growing volume of private wealth in the Asia-Pacific region (excluding Japan) is also expected to almost double in value reaching USD61 trillion by 2018. This has resulted in increasing demand for a more considered approach towards compliant structures for holding private wealth and succession planning.
“The growing volume of private wealth in the Asia- Pacific region (excluding Japan)is also expected to almost double in value reaching USD61 trillion by 2018.”
– Frances Woo, Group Chairman and Managing Partner, Appleby
