Strategy & Practice Management

Wealth Management in Asia 2017

Hubbis

Sep 12, 2017

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We are pleased that BNP Paribas Wealth Management is once again partnering with Hubbis to support the 7th edition of this important publication for Asia’s wealth management industry.

The first half of 2017 saw most private banks and wealth managers in Hong Kong and Singapore achieve a very positive performance, both for themselves and their clients.

Yet this hasn’t masked some of the broader challenges that the industry is facing in the region.

Business models are still predominantly based on transactional revenue.

However, we have seen an increasing momentum towards managed assets,such as discretionary portfolio management, contractual advisory mandates and funds.

In addition, fintechs and other non-traditional players pose a real competitive threat, as they look to grab their slice of Asia’s growing wealth pie.

Hence, innovation via digitalisation is an essential component of any strategy going forward. Investment into these areas as a core part of the overall offering is a priority to lead change and cultivate deeper relationships with the
current and next generation of wealth management clients.

In an increasingly complex and competitive environment, the industry needs to focus on improvements in operational efficiency and enhancing the overall value propositions to service clients in a multi-faceted way like never
before, in order to incrementally improve the client journey and enrich the user experience.

This publication covers these trends and more.

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