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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Singapore

U.S. has most millionaire households worldwide

Posted by RJ and Makay on Jun 09, 2011

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Millionaire households comprised 39% of the world’s wealth in 2010, up from 37% in 2009, according to a new Boston Consulting Group survey study. 0.9% of all households globally had assets of over $1 million.  01% of households had $5 million or more in assets and represented 22% of global wealth, a 2% increase from 2009.

Millionaire wealth expanding in the U. S. and abroad: Deloitte

Posted by RJ and Makay on May 09, 2011

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In a newly issued report, the Deloitte Center for Financial Services predicts that total global wealth of millionaire households in 25 major economies will more than double by the end of this decade to $202 trillion from $92 trillion this year.

Millionaire wealth in emerging economies could grow by 260%, while in developing nations, a rise of 107 % is expected.

Average Wall Street bonus shrank last year, survey shows

Posted by RJ and Makay on Feb 18, 2011

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Afferage Wall Street Bonus Shrank Last Year, Survey ShowsHere's some evidence that pay-for-performance is alive and well on Wall Street: The average Wall Street bonus dropped 5% in 2010, according to the eFinancialCareers annual Global Bonus Survey completed in mid-January.

Still, 56% of bonus-eligible financial professionals got a larger bonus than the previous year. Nineteen percent got a smaller bonus and 8% got no bonus.