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
26 Jul
 
Pouli,   Forum er i den grad domineret af børn, studerende, ludomaner, buffet-wannabees and what hav..
24
28 Jul
GEN
Der er lidt nyt fra Morphosys angående deres CD38 antistof - det lader heldigvis til at gå lidt lang..
17
28 Jul
 
Dejligt at der er nogen som kan svare "sobert" på et stillet spørgsmål.   Svaret kan indeholde ironi..
12
24 Jul
OMXN40
Det bliver/er hverdagskost i alle europæiske lande inden længe.. Men tankevækkende, at terrortruslen..
12
25 Jul
EXQ
Så lykkedes det at komme til Vedbæk for at besøge Exiqon. Damen, en kammerat og jeg selv blev taget ..
11
14:02
 
Jeg er helt vild med vendingen "og investere mine penge i aktier ud fra en strategi jeg mener vil sl..
10
27 Jul
 
Jeg har opdateret mine udbyttelister med tilbagekøb.   http://www.proinvestor.com/boards/69564/    
10
29 Jul
FING-B
XO/Sologstrand, Mackeith, Vildum, Swiftnick og andre FING-skeptikere   1) Er vi enige i, at markedet..
9
28 Jul
VELO
28/07/2014 08:30:00 - OMX Copenhagen, News     VELO: Veloxis Pharmaceuticals A/S - Envarsus ® får ..
9
29 Jul
BIOPOR
I er tydeligvis enormt begavede og succesfulde alle tre. Men kunne det være muligt for jer at måle j..
8

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
Chemtura Reports Second Quarter 2014 Financial Results
2
XPO Logistics to Acquire New Breed Logistics and Completes Acquisition of Atlantic Central Logistics
3
Evolving Gold Corp (CSE:EVG) (TSX:EVG) Lists on the Canadian Securities Exchange - Video News Alert on Investmentpitch.com
4
AGL Resources reports second quarter 2014 earnings
5
XPO Logistics Announces Second Quarter 2014 Results
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.
 
30 July 2014 16:08:28
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20140723.1 - EUROWEB1 - 2014-07-30 17:08:28 - 2014-07-30 16:08:28 - 1000 - Website: OKAY