Asia’s wealth

Hiring will mostly come from Japan, Korea and Australia. It will also continue to build out the firm’s teams in Singapore and Hong Kong, says Edward Moon, head of Asia Pacific global wealth management

The advisory firm estimates China will lose 13,500 high-net-worth individuals with an investable wealth of more than US$1 million.

Comparing prices globally, Singapore is ranked the first in the costs of cars, third for fine dining and fifth for whisky.

The announcement was made by the MAS chief who delivered a keynote address at the IMAS-Bloomberg Investment Conference on March 9.