More wealthy Asians turn to philanthropy - but on the quiet

Asia's wealthy have been quietly stepping up their commitment to philanthropy, pouring significant fortunes into causes such as education - and doing so well away from the sort of limelight that their Western counterparts often enjoy. Many established private banks have dedicated units to advise their wealth management clients on matters related to philanthropy. Credit Suisse Private Banking Asia Pacific is one of them, having created SymAsia five years ago to help its clients set up charitable foundations. Singapore has been very much part of Asia's growing philanthropic community. The Singapore Government has moved to encourage more giving.