Ultra-rich still drawn to S'pore as wealth hub

Asset managers have noted that some private banks are expanding their wealth businesses here despite the Covid-19 crisis.
Asset managers have noted that some private banks are expanding their wealth businesses here despite the Covid-19 crisis.ST PHOTO: LIM YAOHUI

SINGAPORE - The pandemic has failed to dent Singapore's status as a global wealth hub with well-off individuals continuing to put their riches here.

Asset managers note that private banks like UBS, Citi and HSBC are expanding their wealth businesses despite the Covid-19 crisis.

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