PwC’s latest study, titled “Asset and Wealth Management Revolution: Asia-Pacific 2026,” sees Singapore further consolidating upon Asia-Pacific’s accelerating asset and wealth management opportunities. It predicts that the region’s assets under management (AuM) will reach USD 34.5 trillion by 2030, growing at a 6.8% compound annual growth rate (CAGR), ahead of North America (6.2%) and Europe (5.6%). Total client assets are forecast to rise from USD 107.2 trillion in 2024 to USD 154.3 trillion by 2030, creating USD 47 billion in new AWM revenues across the region.
However, the study also noted about APAC’s asset and wealth managers managing less than a quarter of regional client assets, compared with nearly 40% in Europe and nearly 60% in North America, underlining the scale of the untapped opportunity.
“The key issue is that Asia-Pacific is not one market, but many: organizations capturing a disproportionate share of the prize will be those that resist the temptation to apply a single regional playbook and make clear choices about where to anchor operations, build capabilities, and serve clients across markets,” the report remarked.
“Singapore’s role in Asia-Pacific asset and wealth management is being shaped by structural advantages that are hard to replicate—HNW destination capital in the region; a deep sovereign wealth base; a progressive regulatory environment helping define tokenized finance; deepening capital markets; and a tax and fund structuring ecosystem built for cross-border capital. Asset and wealth managers cannot be everywhere, all the time, across a region as diverse and fast-moving as Asia-Pacific. They need to make clear choices about where to anchor operations, build capabilities, and serve clients across markets. Singapore is increasingly that platform—a place from which managers can execute regional strategies with credibility, connectivity, and scale,” said Paul Pak, Asia-Pacific and Singapore Asset and Wealth Management leader, PwC Singapore.
The Asian city-state, along with its principal rival, Hong Kong, has sought to attract wealth managers, banks, and family offices as important parts of their economies. The jurisdictions also benefit from a broader rise in the size of Asia’s affluent and HNW (high net worth) population in recent decades.
As per the Capgemini Research Institute in May 2026, Asia-Pacific posted the highest regional growth in wealth of 10.5% and population growth of 9.4%, as semiconductor demand boosted Asian stock markets.
“Japan and China were among the strongest performers, adding 436,000 and 154,000 millionaires, respectively. India and Australia also saw growth, with HNWI populations increasing by 11,300 and 18,100, respectively. In a separate wealth management report, Boston Consulting Group in late May reported that Singapore is the world’s third-largest cross-border wealth center, home to USD 2.1 trillion of such wealth, and slated to grow in this regard by 9% from 2025 to 2030. Hong Kong and Switzerland are equal first, with the former due to overtake the Alpine state in coming years,” the Capgemini Research Institute noted.
“An around 8% compound annual growth rate is forecast for Singapore’s AuM between now and 2030, compared with the region’s 6.8% CAGR forecast overall, making Singapore one of the highest growth markets in APAC. USD 4.6 trillion managed AuM in Singapore makes it one of Asia-Pacific’s two largest international investment hubs. Some 8% of global SWF assets—the second-largest Asia-Pacific sovereign wealth hub,” PwC stated.
“Singapore continues to attract regional capital. It currently hosts 8% of global sovereign wealth fund assets, making it the second-largest Asia-Pacific SWF hub, while also reinforcing its role as a destination for HNW wealth from across the region. Asia-Pacific HNW assets are predicted to reach USD 52.4 trillion by 2030 (6.9% CAGR)—the standout driver of regional client asset growth—much of which is expected to flow through Singapore’s wealth platforms,” it continued further.
Asia-Pacific-based SWFs (sovereign wealth funds) collectively hold USD 5.2 trillion in investable wealth, and around 28% is allocated to alternatives, compared with 34% in North America. The gap is more pronounced for APAC pension funds, which allocate 8% to alternatives versus 37% in North America, pointing to headroom for further growth in private market allocations as regional pools mature,” PwC said.
The PwC report also pointed to a series of government initiatives that are helping Singapore’s wealth management sector to continue its growth momentum and deepen its positions in the capital markets, including the “Equity Market Development Programme,” expanded from SUSD 5 billion (USD 3.89 billion) to SUSD 6.5 billion at budget 2026, with SUSD 3.95 billion being allocated to nine asset managers, alongside a SUSD 1.5 billion top-up to the “Financial Sector Development Fund” and the new SUSD 3 billion “Anchor Fund.”
“Adding to this momentum, a new Central Provident Fund (CPF) life-cycle investment scheme – announced at budget 2026 and set for launch in 2028 – could channel up to SUSD 9 billion annually into Singapore equities, providing a steady liquidity pipeline and deepening the city-state’s capital markets,” the report stated further.
MAS’s (Monetary Authority of Singapore) proposed long-term investment fund framework, as per PwC, will be the potential route for broadening retail access to private markets—covering private equity, private credit, and infrastructure. Private markets in the city-state have risen from 20.3% of Asia-Pacific AWM revenues in 2012 to 55.4% in 2024 and are projected to rise to 59.5% (USD 99.8 billion) by 2030.
“Singapore’s WealthTech ecosystem is one of the most developed in Asia-Pacific, with homegrown digital investment platforms reshaping the way retail and HNW clients access wealth services,” the firm said. With 77% of Asia Pacific AWM organizations citing technology and digital disruption as the leading megatrend reshaping the industry, Singapore’s digital infrastructure is positioning the city-state as a model that is now being replicated across the region,” PwC concluded.