By 2020 the world's wealthy will have moved most of their private banking activity from Switzerland to Singapore, according to research group WealthInsight.
And of course, they'll need people to manage that money.
The country couldn't be more ready. It's becoming a hub for Asia's rich. In fact, Boston Consulting Group recently named Singapore the country with the world's densest population of millionaires -- 17 percent of all households, to be exact.
To serve that population, Singapore has built an infrastructure of high end shopping, hotels, and nightlife.
So if you've got the cash, there's plenty of room for you to play (and work) too.
Bankers have already said they want to work in Singapore.
According to a Telegraph survey published last year, 27% of respondents (investment bankers) said they wanted to move to Singapore more than any place else, beating out London and NYC.
That may be because Singapore was named best in the world for business.
Singapore is the best country in the world for doing business, according to a report released earlier this year by the World Bank. Here's why:
- It takes, on average, three days to open a business.
- Trade is open and competitive: there are no tariffs on imports and foreign and domestic business are regulated equally.
- Unemployment is only 2.1%
Sources: Heritage and World Bank
Since it's in the middle of Asia, it's in the middle of some booming markets
Take Silicon Valley-transplant, and Bubble Motion CEO, Tom Clayton, who moved his start-up to Singapore after 2008's economic downturn.
He told Business Insider that working in Singapore gave him great access to the nearby mobile markets of Indonesia, India and Asia (three of Asia's biggest).
"We can take day trips or red-eyes to all of our core markets," said Clayton.
See the rest of the story at Business Insider
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