UBS expects about USD83tr in wealth to change hands globally over the next two to three decades, with Asia-Pacific families increasingly turning to professional advisers and family offices as intergenerational transfers accelerate, according to the bank’s newly launched Global Next Gen Report. The UBS next generation wealth survey of around 170 clients found more than 40% of Asia-Pacific multi-generational families are already transferring wealth or actively planning successi

OCBC aims to double its consumer banking wealth business by 2029, after already doubling it since 2022, The Business Times reported, citing Sunny Quek, the bank’s head of global consumer financial services. The OCBC wealth business target is part of new group CEO Tan Teck Long’s Next Frontier strategy, built around a wealth management committee that brings together OCBC’s consumer bank, Bank of Singapore and insurer Great Eastern under shared financial targets. Quek said OCBC