20 August 2012 09:15

SunGard names Ten Trends Influencing Wealth Management and Private Banking in Asia

Stocks Mid

SunGard's  Ambit Wealth Management solution suite is a complete wealth management system that helps banks and family offices across Asia develop highly personalized client services, to help them attract, retain and grow profitable client relationships

Ed Lopez, executive vice president of SunGard's Ambit Wealth & Private Banking business unit, said, "Today Asia houses the world's largest high net worth population*: this new revenue stream has made it one of the world's most attractive banking regions. As a result, competition is intensifying, client demands are growing and regulatory pressures expanding. Wealth managers and private banks in the region will need to boost their operational efficiency to more effectively respond to these widespread changes and capitalize on new opportunities in order to help secure long-term profitability."

SunGard has identified ten trends shaping the Asian wealth management and private banking industry:

1. With domestic retail players expanding into wealth management, and international counterparts and new entrants such as family offices, competition is diversifying.

2. As the Asian high net worth individual sector matures, demand increases for more sophisticated investment products. 

3. Asian banks moving towards advisory-based services face challenges in building client trust and confidence, complicated by client propensity to invest a small portion of their wealth with any one advisor.

4. To deliver better, more competitive client service, relationship managers will play a more advisory-based role, which requires a single client view across the bank and process efficiency.

5. With margins under pressure, staff productivity is under greater scrutiny as banks strive to reduce cost to income ratios.

6. Banks are increasingly investing in front-office tools to help empower advisors to establish deeper, sustainable and more targeted relationships.

7. Banks are seeking more control of client relationships through better management of customer information as competition intensifies staff attrition.

8. Local banks need strategies to help entice and retain wealth onshore, while regional retail players need private banking strategies to help capture new opportunities. 

9. The shift towards mobility of services and information means relationship managers are required to interact and provide account updates to clients 'on the go' with relevant, real-time information.

10. An increasing focus on governance, risk and compliance around sales, product suitability, appropriate disclosures and advisor competency standards, will help Asian private banks better manage counterparty risk.

SunGard's Ambit Wealth Management solution suite is a complete wealth management system that helps banks and family offices across Asia develop highly personalized client services, to help them attract, retain and grow profitable client relationships. The solution suite also helps financial institutions improve staff productivity through better workflow management and helps improve cost control and operational efficiency for better profitability management.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
10 Dec
VWS
Når usikkerhed og hysteriet får de hysteriske kællinger til at ryste i bukserne som med Vestas-aktie..
37
05 Dec
NETS
Handles nu under kurs 115; absolut en af de mest pinlige IPOs i nyere dansk børs-historie.   Selskab..
32
06 Dec
NVO
Det meddeles her til aften fra UBS hovedkvarter at man har med øjeblikkelig virkning har hjemsendt e..
31
04 Dec
VWS
Det er lettere at se hvad DU ikke fatter. USA har, med et flertal af stemmer i kongressen, underskre..
30
09 Dec
ZEAL
Den stor lægemiddelforsikirngsorganisation Express Scripts har d. 30. nov oplyst at de vurderer både..
24
04 Dec
 
Du forveksler din såkaldte anstændighed og ansvarlighed med naivitet og misforstået godhed. Grenen v..
18
10 Dec
VWS
Fint indlæg :-) tak !   Mht. VWS så er jeg også overbevist om at der pt. er tale om massehysteri og ..
17
09 Dec
FING-B
Når du skriver dette ramme du rigtig mange FING folk, hvis du har det fint med det så okay, men tænk..
17
07 Dec
VWS
Teknisk set er du en klovn
17
05 Dec
 
Hej. Jeg kan se, at flere allerede er i gang med at skændes denne herlige mandag morgen. Jeg vil dog..
17

Alliance Trust PLC : Net Asset Value(s)

09/12/2016 14:58:28
ALLIANCE TRUST PLC                                    At the close of business on Thursday 8 December 2016: The Company's NAV per ordinary sha..

HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc

09/12/2016 11:23:54
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Form 8.5 (EPT/RI) - Alternative Networks plc

09/12/2016 09:09:02
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Attachment to announcement of 4 November 2016
2
Major shareholder announcement – BlackRock, Inc.

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
11 December 2016 06:02:18
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20161205.1 - EUROWEB3 - 2016-12-11 07:02:18 - 2016-12-11 06:02:18 - 1000 - Website: OKAY