Wealth managers and private banks are anticipating unprecedented growth over the next three years, according to PwC’s 2007 Global Private Banking/Wealth Management Survey.

Chief executives polled said that on average, their assets under management will increase at a rate of 30% per annum.

The survey, highlighted that markets in Asia Pacific and Eastern Europe are expanding the fastest, as organisations rush to service the new wealth creators in these regions.

Bruce Weatherill, global private banking and wealth management leader at PwC said: ‘Our 2007 survey reveals a period of exceptional opportunities for wealth managers. Buoyed by rising global wealth, wealth managers everywhere are anticipating extremely high rates of profitable growth that have not been seen during the 14 year history of our survey, and probably at any other time.’

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