Rise of the Malaysian super rich

Presenting the The Wealth Report 2015: (Left to right): Knight Frank associate director Herbert Leong; managing director Sarkunan Subramaniam; Asia PAcific head of research Nicholas Holt; Maybank community financial services head of high networth & affluent banking executive vice president Eunice Chan; and Maybank Singapore head of regional private wealth Alvin Lee.

KUALA LUMPUR: The pool of Malaysian ultra high-net-worth individuals (UHNWI) is projected to grow by 42% over the next 10 years.

At the launch of the ninth edition of The Wealth Report 2015, which included a survey of Knight Frank’s Capital Markets wealth spending, Asia-Pacific head of research Nicholas Holt told the press that the projection would be mainly driven by economic growth.