Eight Asian Tycoons Aged 90 or Above Control More Than $125B

The video discusses the concentration of $125 billion among eight nonagenarians in Asia and the implications for wealth succession. It highlights how billionaires like Lee Ka-shing are planning for succession by involving family members in business operations. The video also explores the impact on the wealth management industry, which sees this as a growth opportunity, especially after the financial crisis. Banks like HSBC are expanding their workforce to manage these large pools of wealth.

How does the wealth management industry view the current market situation?

What steps are being taken by banks like HSBC in response to the wealth management opportunities?