Regulatory costs are expected to increase while clients increasingly prefer digital channels for financial advice, suggesting wealth managers rethink traditional business models, according to Elliot Shadforth, Hong Kong-based Asia-Pacific wealth and asset management leader at EY.
DBS Bank and Nanyang Technological University (NTU) Singapore have teamed up in a bid to build a sustainable talent pool of wealth management associates.
Various industry bodies of Hong Kong and Switzerland have signed MoUs in the Swiss capital to strengthen development of the private wealth management industries in both jurisdictions.
UBS Wealth Management was the biggest private bank in Asia-Pacific in 2016 for the fifth year in a row, according to a survey by UK-based Private Banker International.
The global wealth of high net worth individuals rose by 7.5% in 2016, presenting an opportunity for wealth managers and technology firms, according to the Capgemini World Wealth Report 2017.
High net worth individuals in Hong Kong and Singapore are much more aware of human-related risks associated with their wealth advisors compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.
Tightening regulations are top of mind for Asia’s wealth managers, as well as how to get a share of Asia’s growing wealth pool, according to Singapore-based Arete Financial Partners.
The future of wealth management in Asia lies in digital wealth advisory models, according to a study published by Oliver Wyman, a management consultancy.
Top execs are being reshuffled as Wesley Weishi Yao, co-founder and COO of the US-listed Chinese wealth manager resigns along with an independent director.
As the private bank industry consolidates in Asia, Standard Chartered reveals several recent senior hires for its Greater China and North Asia (GCNA) private bank and wealth management teams.
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