Osama Abbasi, chief executive officer Asia Pacific,
Credit Suisse, said: "Our second edition of the Global Wealth Report
reconfirms again that these are times of unprecedented economic change, and a
radical reconfiguration of the world's economic order is taking shape. Emerging
markets are important drivers of the global recovery and remain the key growth
engines of global wealth."
Giles Keating, global head of research for private
banking and asset management, Credit Suisse, and a member of the Credit Suisse
Research Institute Operating Committee, said: "Credit Suisse believes this
fast emerging wealth will drive new trends in consumption and investment in
Asia, underpinning Credit Suisse's proprietary thematic research initiatives on
Global megatrends of demographics and multipolar World. The much higher debt
per adult level in Europe versus Asia, together with the much higher wealth
growth rate in Asia versus Europe, suggests there may be scope for significant
mutual collaboration to help mitigate the euro debt crisis."
Stefano Natella, global Head of equity research for
investment banking and a member of the Credit Suisse Research Institute
Operating Committee, said: "Unlike other studies, the Credit Suisse Global
Wealth Report generates unique proprietary data and aims to offer the most
comprehensive study of world wealth. It analyzes the wealth distribution of all
the 4.5 billion adults in the world in more than 200 countries, using a
rigorous and independent research approach."
