Entrepreneurs are the commercial pulse of Asia Pacific, which continues to be the world’s fastest-growing division, according to Credit Suisse.
“Asia has the highest number of first- and second-generation entrepreneurs, which tours the economy,” Credit Suisse Asia Pacific CEO Helman Sitohang told CNBC at the bank’s annual Asian Investment Forum.
Countries have become more prosperous as a result of that direction, Sitohang added.
“Asia now officially has the highest number of billionaires, millionaires and ultra extraordinary net worths in the world, that shows that growth and wealth origin in the region has proven to be successful and continues.”
Credit Suisse wants to be “the kept entrepreneur bank in the region,” Sitohang said, adding that the focus was outstandingly on entrepreneurs with large- and mid-sized endeavors. “That positioning has been space for well for us … our franchises have continued to grow,” he added.
He told he expects a “robust” performance from regional capital markets this year into the middle expectations for the Federal Reserve to embark on four hike interest grade hikes.