Singapore will become the world’s top wealth management center by 2013 because of emerging markets growth and as new rules put pressure on Switzerland and London, PricewaterhouseCoopers LLP said in a new study.
Singapore will leapfrog both European centers in the next two years with Hong Kong taking third spot behind Switzerland and ahead of London, PwC wrote in its 2011 Global Private Banking and Wealth Management report published today. Full story
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