SCMP - 2026-10-30 08:00:08 - Morning Studio editors
How Malaysia-based Labuan IBFC provides the framework and fintech for global expansion
The Asia-Pacific region stands out as the world’s most dynamic market for asset and wealth management, according to insights from PwC Australia, with assets under management (AUM) expected to hit the US$34.5 trillion mark by the end of the decade; in 2024 the figure stood at US$23.3 trillion.
The profile of affluent individuals and families across Asia is also changing, with the Boston Consulting Group’s “The Asia Generational Wealth Report 2025: Succession in a New Era” highlighting that...