Private banking in Asia-Pacific is a dynamic and evolving market with regional variations in regulations and requirements. As wealth management continues to grow with more opportunities in the mass affluent market, private banks will need to rely on technology to handle the increased volume. In addition, private banks are also dedicating more resources and budget on technology solutions to support and ensure compliance with regulation changes. While there is potential for the convergence of private banking and asset management, it is still important that the technology platform can deliver a personalised client experience as wealth management is still predominantly a relationship-based business, especially so in Asia-Pacific.
Together with panellists from Bank Julius Baer and Deutsche Asset & Wealth Management, investment management solution provider Charles River has drawn some key conclusions about the industry in the Asia-Pacific region during Private Banking Asia 2014 event, held on March 19th and 20th in Singapore. To read more, visit the following link: