HNW demand rises for ethical investing: RBC WM

Asset servicing firms must rise to meet the challenge of increasing demand for socially responsible investing (SRI) from well-heeled clients, said Michael Yong-Haron, head of North Asia at RBC Wealth Management on the launch of the latest World Wealth Report. That’s especially true in emerging markets, where SRI interest is being driven by a lack of social-welfare infrastructure, he told AsianInvestor. High-net-worth individuals (HNWIs) are growing in number and wealth, but they…