AIA Singapore recently inaugurated its AIA Wealth Centre at Six Battery Road as part of its strategy to serve the affluent and high-net-worth (HNW) individuals and families in the region.

The opening event was graced by Gillian Tan, Assistant Managing Director of the Development and International Group and Chief Sustainability Officer of the Monetary Authority of Singapore.

This new facility aims to provide comprehensive wealth management services, offering access to a range of experts in legal, tax, and trusts.

It is designed to help clients achieve their financial and well-being goals within an exclusive setting, accessible only by invitation.

The establishment of the AIA Wealth Centre comes in response to the anticipated growth in Asia’s affluent population, which is expected to increase by 61 percent to 28.2 million by 2026.

Singapore’s own segment of HNW individuals is projected to grow by 12 percent to 592,000.

Additionally, the number of family offices in Singapore has nearly tripled from 400 to 1,100 between 2020 and 2022, reflecting a rising demand for holistic wealth management solutions.

Wong Sze Keed, Chief Executive Officer, AIA Singapore, said,

“The launch of AIA Wealth Centre and AIA International Wealth, demonstrates our commitment to our wealth strategy as we reaffirm our strategic focus to be the pre-eminent insurer to address the needs of the growing affluent and HNW client segment in Singapore as well as across the region.

What differentiates us is, we are backed by more than 100 years of legacy and leadership focusing across 18 pan-Asian markets, where we have the benefit of collective knowledge and expertise of the AIA Group.”

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• Source: https://fintechnews.sg/95313/wealthtech/aia-singapore-opens-new-wealth-centre-for-high-net-worth-clients/