high net worth individuals (HNWI)

Winston Churchill even used Sun Life's vaults in Montreal to safeguard C$5 billion in securities for Britain's war effort.

Their caution comes even as Asian economies begin to bounce back, led by China and India, and as the region’s stocks rally.

The report conducted customer research across four regions: Mainland China, Hong Kong, Taiwan, and Singapore. Some 39% of the respondents surveyed were professionals, and 61% were entrepreneurs and family-inherited HNWIs.

Stock loans are nothing new. This form of financing requires borrowers to put up shares as collateral in exchange for a loan. However, the global financial crisis (GFC) in 2008 changed all of that.

Seeking attractive returns from traditional equity and fixed in­come strategies can be challeng­ing amid the novel coronavirus (Covid-19) pandemic. Market volatility could easily wipe out the gains made, or worse still, erode capita

SINGAPORE (July 10): Overall global high net worth individual (HNWI) wealth dropped by 3% or US$2 trillion ($2.7 trillion) in 2018 after seven consecutive years of growth, according to the World Wealth Report (WWR) published on July 9 by Capgemini.

(Nov 29): Japan’s rich have the largest accumulation of wealth in the Asia-Pacific region, at US$7.7 trillion ($10.6 trillion), but the legions of Chinese millionaires are rushing to catch up.

(Sept 4): With great wealth comes great remuneration.

SINGAPORE (Aug 24): A new billionaire is created in Asia every other day, according to UBS and PwC in a joint report on the billionaire set.

SINGAPORE (July 18): When it comes to wealth management, a constant dialogue with clients makes all the difference, says Dominique Jooris, South Asia CEO at Pictet Wealth Management.