CS wealth report

Asia-Pacific driving global wealth, says Credit Suisse

Credit Suisse’s latest Global Wealth Report finds that Asia-Pacific has created more than half the new wealth in the world since 2010.

Merrill Lynch and Capgemini released their 2011 Asia-Pacific Wealth Report in June, showing that Asia’s population of high-net-worth individuals HNWIs has overtaken Europe for the first time and that the region has become the second-biggest HNWI wealth management market behind the US.

This week it is Credit Suisse’s turn to deliver its Global Wealth Report 2011, which also highlights the potential in emerging markets, but by looking at the total wealth owned by the 4.5 billion adults around the world, rather than just the wealth owned by HNWIs.

“Since 2000, global wealth has more than doubled,” said Giles Keating, head of research for private...

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