Global high net worth wealth grows by US$1.8 trillion

17 July 2014 | 2 minutes read

The global private banking industry’s high net worth (HNW) assets grew to US$20.3 trillion in 2013, up from US$18.5 trillion in 2012, according to Scorpio Partnership’s latest industry report. “This year’s results highlight major structural changes taking place in global wealth management,” said Seb Dovey, managing partner of Scorpio Partnership. “Overall key growth indicators are positive but efficiency ratio averages…

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