2006
2006 NEWS
S'PORE 55,000 MILLIONAIRES HOLD US$260B OF ASSETS
The number of US dollar milionaires in Singapore is estimated to have grown to 55,000 at the end of last year, 13.4 per cent more than at the end of 2004, says the first Asia-Pacific Wealth Report published by Merrill Lynch and Capgemini.
MORGAN STANLEY ARM TO RAISE ASIA HEADCOUNT
Morgan Stanley's wealth management arm plans to almost double its headcount in Asia over the next three years, as it expects the business to grow at a double-digit pace.
KHOOS TOP FIRST FORBES' LIST OF RICH IN S'PORE
The 40 wealthiest own US$28b, ahead of US$26b of Malaysia 's top 40 and US$20b of Thailand 's elite.
SELF-MADE MILLIONAIRES FEATURE ON LIST OF S'PORE'S WEALTHIEST
Frobes' first-ever Singaproe rich list provides a revearling snapshot of a vibrant and rapidly changing economy where a new gereration of self-made millionaires loom large.
HOW TO CLONE SWITZERLAND
Tiny Singapore is becoming a wealth-management haven by cleverly mimicking what made Zurich and Geneva rich; and SMU is helping that drive by churning out a stream of bright, socially savvy private bankers. This article will appear in the print version of Time,
ASIA'S 'POWER OF ONE' CAN BENEFIT WORLD: HO CHING
Asia 's vast numbers have created a wealth of opportunities for entrepreneurs, but the region also has 'the power of one' - the ability to produce pioneers to change the world; this was the message from Temasek Holdings chief executive Ho Ching to SMU graduands at their commencement ceremony yesterday.
SWITZERLAND OF ASIA
Tan Gim Chong is pursuing a master's degree in wealth management in SMU sponsored by Citigroup.
SCHOOL FOR PRIVATE BANKERS
In today's environment, even the most innovative financial product can be copied, whereas people are unique and cannot be replicated.
READY FOR THE LONG HAUL?
A SMU and OCBC study last year on Singaporeans' money management behaviour found that those aged 55 have only an average of $120,000 in liquid assets, including their CPF savings.
HOTTEST JOB IN TOWN: PRIVATE BANKERS
Applications for the wealth management programme offered by SMU have rocketed since it started in 2003.
WHERE MILLIONAIRES STASH IT AWAY
Tan Gim Chong is on the SMU wealth management master's programme with his tuition paid by Citigroup, one of more than 40 international banks that provide scholarships, internships and lecturers for the programme.
