A new age for Hong Kong and Singapore
In general terms, the trustee companies and other financial institutions that are involved in this industry in Asia tend to be based in either Hong Kong or Singapore or in both of these places. From one of these bases, trust marketing officers andor private bankers will fly to other Asian destinations such as Taiwan, Indonesia, the Philippines and Thailand in the search for new high net worth private client business. In this context, a high net worth individual would be someone who can invest surplus financial assets of not less than $1-5 million with an institution.
Subject to certain well-known local exceptions, the trend...
