asia-the-most-attractive-area-of-the-world-for-asset-growth

Asia the most attractive area of the world for asset growth

The global head of BNP Paribas Private Bank estimates Asia''s assets under management to grow by 10% in 2004.

BNP Paribas Private Bank's global head of private banking, Francois Debiesse says Asia is the most attractive area of the world in terms of growth potential in private banking assets.

He adds that it is just a matter of time before Asia overtakes Europe in terms of assets under management.

BNP Paribas Private Bank, the world's 10th biggest private bank by assets under management, estimates that Asian wealth will grow 10% in 2004 and is bullish on the region's prospects.

Asia has 1.8 million high net worth individuals, which represents 25% of the world's total. Moreover affluent households'defined as having $250,000 or more have assets under management...

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