India is all set to see an increase of three times in the number of its high net worth individuals over the next decade. (more…)

India’s high net worth individual (HNI) population shrank by 31.6 per cent to 84,000 in 2008, mainly due to a drop in the pace of economic growth and erosion in market capitalisation, according to the Asia-Pacific Wealth Report released by Merrill Lynch Wealth Management and Capgemini. (more…)

The high net worth individual (HNI) population in China and India is expected to triple over the next 10 years, according to an Asia-Pacific wealth report released on Tuesday by Merrill Lynch Wealth Management and Capgemini. (more…)

Top foreign wealth management firms are offering co-investment opportunities to India’s super-rich in their global private equity, real estate and hedge funds, or even structured products. (more…)

Asia Pacific’s population of high net worth individuals (HNWIs)(1) fell 14.2% to 2.4 million in 2008 amid a global
economic downturn and market volatility, according to the Asia-Pacific Wealth Report released today by Merrill Lynch Global Wealth Management and Capgemini. (more…)

The ranks of millionaires in the Asia-Pacific region thinned by 14 percent last year as a stock market rout eroded wealth, according to a report by Capgemini SA and Merrill Lynch Wealth Management. (more…)

Kotak Mahindra Bank said it added more than $200 million in client assets at its Indian wealth management arm in the last three months and aims to expand total assets by 25-30 percent to about $3.5 billion in a year. (more…)

The Indian wealth management arm of Merrill Lynch has retained nearly all its clients through the recent market turmoil and uncertainty created by a merger with Bank of America Corp, a top executive said on Monday. (more…)

The global private banking model based on advice and long-term returns is struggling to gain traction in emerging Asia, where rich investors treat private banks like brokers and take big trading risks. (more…)

JPMorgan’s private banking arm in Asia is positioning for a deceleration in the global economy in the second half of 2010 by staying underweight on equities, a senior executive said on Tuesday. (more…)