As the world learns to live with COVID-19, the lack of stability seen during the pandemic has been replaced by geopolitical conflicts, macroeconomic uncertainty and climate concerns. What we have now is a new and more complex economic reality.

Since the onset of the pandemic, Lombard Odier, together with its Strategic Alliances across the region, has been at the forefront of gaining a better understanding of how the needs and perspectives of Asia-Pacific’s wealthy population has evolved in response to the global crisis.

This year, we spoke to over 450 HNWIs across APAC and one thing is clear – the journey to recovery and reinvention continues.

• Rising inflation and its impact on the economy is the biggest risk to the global economy according to 77% of APAC HNWIs.
• 50.2% of APAC HNW respondents are worried about market volatility and its negative impact on performance.
• Over two-thirds of HNWIs in APAC have acted decisively to realign their portfolios, and banks have played an important role in this realignment.
• Perceptions about sustainability have changed and continue to change, with more APAC HNWIs seeing such investments as an opportunity to contribute to the greater good as well as an investment opportunity.
• However, APAC HNWIs say they face numerous barriers to convincing their families of the importance of sustainability, including relative underperformance of financial returns (41%), and a lack of investment opportunities with proven track records (36%).