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February 20, 2014updated 04 Apr 2017 2:29pm

Withers expands wealth planning practice in Asia

Withers, a London headquartered law firm, has expanded its Asian wealth planning practice by relocating one of its lawyers based in the US to Hong Kong.

By Verdict Staff

Withers, a London headquartered law firm, has expanded its Asian wealth planning practice by relocating one of its lawyers based in the US to Hong Kong.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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Wei Zhang will relocate from the firm’s New York office to Hong Kong in February 2014, reported The Asset.

In her new role, Zhang will join the Withers’ Asian wealth planning practice in response to a growing interest for the US tax planning services for Asian-based families.

Zhang joined Withers in 2010, where she had been working on a range of tax, estate planning and expatriation issues for international families with US connections.

Zhang has also advised the clients on the IRS voluntary disclosure programmes.

Jay Krause, Asia wealth planning head at Withers, was quoted by the publication, saying, "As a native Chinese speaker, Zhang will work closely with our existing Chinese wealth planning team to offer unparalleled legal services to the fast growing Chinese HNW community."

Currently, Withers consist of 17 lawyers in its wealth planning practice across Asia.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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