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 Aug
 
Siden finanskrisen har vi haft 8 korrektioner. Hvad kan vi se, læse og lære ud af tallene historisk?..
63
25 Aug
OMXC20CAP
Alt godt; igen! Tag det helt roligt! Settle down people!    Den store reformator i verdensøkonomien:..
62
27 Aug
I:SP500
Indlægget her er kraftigt inspireret af overlaar@ (filter) og alpe med flere, kort og godt alle dem ..
44
26 Aug
RTX
Investor 1989, - nej tak, - jeg er ikke interesseret i at give 15 dollars for en analyse fra dig omk..
27
27 Aug
 
2.000.000 til 5.000.000 kr.
21
26 Aug
VWS
Det er dog noget af det skægeste jeg længe har læst. Vindmøllegiganten Vestas er et af en stribe dan..
21
24 Aug
OMXC20CAP
Helt ærligt ... hvad piver I for?   Det er jo bare en boble der springer!   Husk nu, at siden 1986 h..
21
22 Aug
 
@Dolly,   Jeg synes ikke jeg vil give råd om hvad man skal gøre lige nu, for det afhænger af hvilken..
20
28 Aug
OMXC20CAP
Så sluttede fredagen og igen tog jeg fejl.I tirsdags var jeg helt sikker på at frygten ville tage ti..
19
27 Aug
 
fra 1.000.000 til 2.000.000 kr.
19

Form 8.5 (EPT/RI) - Bioquell plc

28/08/2015 07:57:51
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY..

Form 8.3 - AXA INVESTMENT MANAGERS S.A.:Royal Dutch Shell Plc

27/08/2015 15:03:21
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

HSBC Bank Plc : Form 8.5 (EPT/RI) - CHIME COMMUNICATIONS PLC

27/08/2015 11:47:35
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
PR Newswire - Service Test Notice
2
PR Newswire - Service Test Notice
3
PR Newswire - Service Test Notice
4
PR Newswire - Service Test Notice
5
PR Newswire - Service Test Notice

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   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 August 2015 00:27:05
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150824.1 - EUROWEB7 - 2015-08-30 01:27:05 - 2015-08-30 00:27:05 - 1000 - Website: OKAY