The APAC private banking market is forecast to grow at a 9.43% compound annual rate from 2026 to 2031, expanding from USD44.3bn in 2025 to USD76.05bn by 2031, Mordor Intelligence said, pointing to APAC private banking market growth. The market is expected to reach USD48.47bn in 2026, up from USD44.3bn in 2025, as rising high-net-worth populations and large inter-generational wealth transfers lift demand for advice and discretionary mandates. Banks are also investing more in t

Azimut Investment Management’s Korea wealth head Kim Hyeong-guk said many Korea family offices are in practice expanded private-banking services rather than full institutional structures, arguing the country needs tax relief and a deeper investment ecosystem to build models comparable with Singapore. He said securities firms began using the family-office label after the pandemic, but few clients have set up entities with dedicated governance and operating functions. Kim point