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
22 Oct
VWS
Pokerchamp - Per Vimmer er gulddrengen trænet hos Goldman Sachs, som har lært den superliberalistisk..
22
20 Oct
VELO
Match, så har jeg set lidt på mine handler og depoter.   Må begynde med at konkludere, at mit handel..
17
20 Oct
VELO
Tvivler på at du får ret. Aktieanalytikerne siger allerede før godkendelsen en KORTSIGTET kurs på 2..
17
22 Oct
BAVA
Jeg tror ikke, at mange her i dette forum er i tvivl om, hvem der er et fjols... Du får det til at l..
14
21 Oct
VWS
Hvis du var en ludo brik var du så ikke slået hjem nu ???
14
23 Oct
VWS
Quantum Utility Generation er på den anden side af "Mountain Friends", og de kan nu fortsætte deres ..
12
23 Oct
VWS
Aputsisaq - Blev der nødvndigt at starte en negativ tråd fordi at Stockrosen lige havde startet en p..
11
23 Oct
VWS
Jeg har kigget lidt på Vestas USA kunde First Wind, for at se hvordan det går med de 3 Wind Power pr..
11
23 Oct
 
Nej, der er klart tale om en Hanging Penis formation. Ikke et godt tegn. Jeg køber først når vi har ..
11
21 Oct
VWS
Vestas øverst chef for "Americas" - Chris Brown virker meget optimistisk. Han har udtalt til Recharg..
11

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Lundbeck presents new efficacy and safety data analyses for desmoteplase in patients with acute ischaemic stroke
2
„Olainfarm” Goes on Baltic – Nordic Roadshow
3
Starbreeze AB: Starbreeze announces PAYDAY collaboration with independent studio Lion Game Lion.
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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.
 
26 October 2014 04:19:45
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141024.3 - EUROWEB6 - 2014-10-26 05:19:45 - 2014-10-26 04:19:45 - 1000 - Website: OKAY