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Indian Wealth Management Forum 2019 - Highlights - Damian Hitchen

Damian Hitchen

CEO Singapore

Swissquote

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  • 1. What are the challenges and opportunities for this industry?

    The opportunity in India? Well, clearly, it's a huge global market. What's been interesting is to really feel on the ground what a strong home bias there is within wealth management and investments in India. It's unparalleled in my view, in terms of what I've seen globally. That said, a number of the key players and people I've met today are talking about the fight. The resident Indians are now increasingly looking to add a little bit of international diversification to their portfolio. So, it may not be here today, but certainly there's a trend occurring underneath, and I expect that over the next three to five years, the percentage in the AUMs from Indian domestic residents going into international markets will be significantly growing here.