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Philippines Wealth Management Forum 2019 - Highlights - Damian Hitchen

Damian Hitchen

CEO Singapore

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

    What I see today, clearly the Philippines is very much an emerging frontier economy. It seems like a lot of the wealth is held by a small percentage of the population. So what we'll see, hopefully, over the next five to ten years and ongoing decades is an increasing wealth going through the economy and through the population. So I think from that perspective, digital and digital delivery is key, because obviously the penetration of the youngsters, the millennials, the entrepreneurs using digital connectivity is very large here. So I think it's a nice environment for potential growth for the next five to ten years.