S’pore among top 3 most attractive places for “mobile wealthy” people

Source : Channel NewsAsia – 13 May 2009

Singapore ranks among the top three places in the world in terms of being an attractive financial centre for “mobile wealthy” individuals, including doctors, lawyers and entrepreneurs.

Media reports quoting a survey by international wealth management consultancy Scorpio Partnership said Singapore was beaten to the top spot by Switzerland, with London coming in second.

The reports said Switzerland came out tops in areas such as economic and political stability and infrastructure.

Swiss banks are estimated to manage about 27 per cent of the world’s privately held offshore wealth.

The following table is a ranking of the world’s top centres for “mobile wealthy residency,” compiled by Scorpio Partnership. – CNA/vm

1. Switzerland
2. London
3. Singapore
4. New York
5. Hong Kong
6. Jersey
7. Cayman
8. Isle of Man
9. Monaco
10. Dubai
11. Guernsey