Indeed activity has firmed in recent months and, given the upturn in real earnings growth, growth should continue.
From June to August, UBS surveyed more than 5,300 investors in 10 markets who have at least US$1 million in investable assets.
By 2022, the number of ultra-high net worth people around the globe is expected to swell to 360,390.
While increased regulation remains the top challenge, an overwhelming number of the 82 respondents also believe that proper data management can benefit their firm and 94 per cent are confident they can adapt to the changing environment.
We expect Mauritius, Ghana, Rwanda and Uganda to be the strongest performing wealth markets in Africa during this period (with 90 per cent to 150 per cent growth rates).
Politicians across the board and across the world seem dangerously unaware of the severity of this crisis, and of the risks they pose by indulging in partisan bickering when political leadership (sic) is so desperately needed and simultaneously so horribl
A testament to the auspicious economic climate, the ultra-wealthy population and its total net worth increased in all seven major regions, contrasting with the diverse performances seen a year earlier.