Asia’s wealth management revenue is expected to reach $90 billion by 2025.
That’s as private banking in Asia is expected to display significant growth in the coming years as the number of ultra-high net worth individuals in the region increases.
This is according to the latest report by WWF-Singapore.
The nature group states that It is therefore more relevant than ever to stress the importance of sustainable practices in private banking and wealth management.
To dive deeper into how banks in Singapore are currently position, WWF conducted a pilot study of seven private banks.
Rachel Kelly speaks to Akshat Garg, Assistant Vice President, Asia Sustainable Finance, at WWF Singapore to get the details.