AFP
22 Jun 2008
SINGAPORE (AFP) — Got at least five million US dollars? A private banker is at your service in Singapore, which is fast gaining a reputation as the Switzerland of Asia for the world's growing ranks of multi-millionaires.
The tiny, tropical island-state, Southeast Asia's most advanced economy, has emerged as a centre for the wealth management industry which caters to an elite breed called high net worth individuals, or HNWIs.
Banks have beefed up their wealth management services, taking up swank offices in the business district as well as recruiting and training staff in the fine art of dealing with this moneyed class.
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