The wealth management segment is facing major challenges in their businesses induced by geo-political factors, the pandemic, and rising interest rates, thus, impacting the performance of debt and equity instruments as well as other asset classes globally.
Apart from this, the wealth management industry is going through changes within, such as newer customer segments like Gen Z and millennials, growing acceptance of wealthtech and fintech players, customers acquiring the ability to make their own investment decisions, reducing their reliance on wealth management advisors, and the rise of ESG-driven investments, to name a few.
In such a dynamic environment, the pressure to adapt is greater for players operating in lucrative markets such as those in the APAC region.
- Major trends in the APAC wealth management market
- How wealth management players can respond to the changes
- The role of technology to achieve profitable growth by offering hyper-personalized propositions