Singapore & India Shine: EFG CEO Reveals Where the World’s New Wealth Is Born

Unknown Apr 02, 2026 1,050 Views

EFG International’s leadership has spotlighted Singapore, Southeast Asia, and the Indian subcontinent as standout regions for both macroeconomic growth and rapid wealth creation. On a recent call, the CEO emphasized how these markets are driving the bank’s global strategy, reflecting...

Key Highlights:

Wealth Creation Hotspots: Asia Pacific, especially Singapore and the Indian subcontinent, is experiencing unprecedented wealth growth, fueled by booming ultra-high-net-worth individuals (UHNWIs), family offices, and the largest intergenerational wealth transfer in history. In 2024, Asia contributed about 60% of global wealth growth, with EFG reporting CHF 4.3 billion in net new assets from the region alone.

Strategic Expansion: EFG has deepened its presence in Singapore and Southeast Asia, appointing experienced leaders like Ravi Ramakrishnan to head its Global South Asia business and Alex See for Greater China, underscoring its commitment to these high-growth markets.

Tailored Wealth Solutions: EFG’s success is built on a client-centric model, local expertise, and digital innovation. The bank offers bespoke investment, credit, and wealth planning services, backed by a team of seasoned Client Relationship Officers who understand regional nuances.

Growth and Profitability: EFG delivered record profits in 2024, with a net profit of CHF 321.6 million and a return on tangible equity of 18.6%, exceeding targets. The Asia Pacific region was a major contributor, driven by new client relationships and a robust pipeline of business.

Future Outlook: With continued hiring, digital acceleration, and a focus on strategic markets, EFG expects Southeast Asia and the Indian subcontinent to remain at the forefront of global wealth creation and private banking innovation through 2025 and beyond.

EFG’s CEO affirms that the region’s dynamism is not just a macroeconomic story but a business reality, with Singapore and the Indian subcontinent powering the next wave of global wealth management.

Source: EFG International Annual Report, Euromoney, WealthBriefingAsia

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