Pan Chi Wai, Managing Director and Group Head of DBS Private Bank, said affluent clients in Europe and the US are seeking investment and wealth management solutions in Asia to protect their portfolios from market volatility.He noted that wealthy individuals from these regions are not only looking for business investment opportunities, with some even considering establishing a second "family office" in Asia. Amid geopolitical tensions, rising energy costs and closely interconnected capital flows, the market is generally adopting a more cautious stance.Related NewsLuckin Coffee (LKNCY.US) to Launch Bottled Ready-to-Drink Coffee in Late Apr Priced at RMB6-7, Lower Than Starbucks(mn/u)
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