Summary

Singapore’s three largest banks attracted a combined $77 billion in new wealth assets last year, driven by geopolitical tensions and trade uncertainty. This influx, particularly from affluent Asian investors, highlights Singapore’s growing appeal as a wealth management hub, bolstered by its political stability and predictable regulatory framework.

https://www.theedgesingapore.com/news/banking-finance/singapore-banks-draw-77-bil-new-wealth-asias-rich