Global wealth

Move over Europe, Asians are richer now

That's why private banks have been tripping over each other to set up offices, reorganise and poach talent, in an effort to woo the increasing number of wealthy in Asia.

<div style="text-align: left;"> Only the US, Japan and Germany had more rich people than China in 2010 (AFP) </div>

Lara Wozniak

June 24, 2011

Asia-Pacific is now home to more rich people than Europe, according to the 15th annual world wealth report published by Capgemini and Merrill Lynch’s wealth management arm.

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