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RBC Wealth Management Announces Investments, Products Head For Asia

Vanessa Doctor

5 March 2014

, managing director of RBC WM, emerging markets in Asia. 

According to the 2013 World Wealth Report by Capgemini and RBC Wealth Management, the number of HNW individuals in the city-state rose by 11.5 per cent in the year compared to 2012, creating new opportunities for the financial planning industry. While North America leads as the largest wealth market by HNWI population, the report says that Asia-Pacific will likely reclaim the top spot in the future with a 9.8 per cent annual projected HNWI wealth growth to reach an anticipated $15.9 trillion by the year 2015. 

Besides Singapore, the company's Asia network operates through offices in Brunei, China and Hong Kong.