Wealth market in Asia Pacific to hit $81 trillion by 2027: McKinsey report

The total financial assets of the wealth market in Asia Pacific is expected to hit $81 trillion by 2027, according to McKinsey’s WealthTech in Asia-Pacific report. Chairman and CIO of Endowus, Samuel Rhee, shared his insights on the evolving wealthtech landscape in Asia in a joint interview with McKinsey on CNA TV. He highlights that Singapore is well-placed in the long-term trajectory of growth in the wealth industry. As the nation is strategically well located, cross-border wealth is something that Singapore can consider tapping into.