Scale and stability are increasingly important for wealth managers in Asia – as is reflected by the recent exit of several relatively new players in the region.
Tag : private banks
Stephen Grundlingh, the firm’s head of Southeast Asia, highlights several trends among private banks in the region.
Market forces have converged to drive mutual fund sales, while the need for a solutions-driven approach may see Aberdeen seek to work with distributors on a segregated basis.
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Multi-family offices question the independence of private banks, but say they are losing the battle for mindshare because they don't have the same sort of marketing budget.
Senior distributors recognise the need to drive fund penetration in Asia. The big question is how they can work together more efficiently to make the industry more appealing.
