The number of high net worth individuals in the Asia-Pacific region has surpassed Europe and is now the second largest in the world, new research has found.
The number of high net worth individuals in the Asia-Pacific region has surpassed Europe and is now the second largest in the world, new research has found.
Can you be good and still make a lot of money? In the year 2000 the $239 billion California Public Employees’ Retirement System (CalPERS), the biggest pension fund in the US, dumped its investments in China, Colombia and the Philippines because of their poor democratic records, as well as pulling money out of the tobacco industry.
When Rudolf Elmer, a former employee of a Swiss bank, stood on a stage in London and handed a CD to Wikileaks founder Julian Assange this January, a shiver might have gone down the spine of many high net worth individuals.
When Rudolf Elmer, a former employee of a Swiss bank, stood on a stage in London and handed a CD to Wikileaks founder Julian Assange this January, a shiver might have gone down the spine of many high net worth individuals.
As a general case in point, the more you earn the less likely you will want the public to know about it. But potentially one of the lasting legacies of the financial crisis in 2008/09 is more transparency when it comes to remuneration levels in the world of high finance. That is of course with one caveat – the world of family offices, where remuneration levels look set to remain secret and vary hugely between differing jurisdictions and investment offices within each country.
When dealing with next gen members, family office executives and senior family members often subconsciously look at them through the lens of the family office or family business and try to find a way that they can fit into that picture.
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