World's Rich Want More Feel-Good Investments From Their Private Banks
- Standard Chartered is training bankers in impact investing
- High-net-worth individuals will have $70 trillion by 2021
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Some of the world’s richest people may take their money away from private bankers and wealth managers unless they offer more impact investments and philanthropy deals, according to family offices and foundations.
RS Group Chair Annie Chen, whose Hong Kong-based family office is dedicated to impact investments, said at the Asian Venture Philanthropy Network conference in Singapore Wednesday that despite many banks promising to offer more deals that do good, front-line bankers and relationship managers often failed to do so.