Mumbai, September 28, 2010 – Asia-Pacific’s population of high net worth individuals (HNWIs) rose 25.8 percent to 3.0 million in 2009, catching up with Europe’s HWNI population for the first time, according to the 2010 Asia-Pacific Wealth Report released today by Merrill Lynch Global Wealth Management and Capgemini. Asia-Pacific HWNI wealth also surged 30.9 percent to US$9.7 trillion in 2009, erasing losses seen in 2008 and surpassing that of Europe’s HWNI wealth in 2009. The number of ultra-HNWIs
“Asia-Pacific’s HNWI population matching Europe’s for the first time highlights the region’s growth potential, with China and India at the forefront and Japan remaining an important market,” said Pradeep Dokania, Chairman, Global Wealth Management, India. “The region holds much promise and is a strategic focus for every wealth management firm with global aspirations.” in Asia-Pacific rose 36.7 percent to 19,600, while ultra-HNWI wealth jumped 42.6 percent in 2009.