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
02 Oct
LÆS DETTE!   I henhold til vores retningslinjer gør vi opmærsom på, at vi på ingen måde tolererer st..
01 Oct
  Kære alle. Hvem kan ikke lide vækst i omsætning og indtjening. Selskabets topledelse elsker vækst...
03 Oct
02 Oct
Kongen over alle konger er død. "Kongetallet" som denne konnotion af en ligegyldig parameter i det s..
01 Oct
STOP NU DET CIRKUS!     Jeg købte lige 3 kilo Vildemose kartofler i Superbrugsen ( jeg fortæller ikk..
02 Oct
Hap du er et selvoptaget vrøvlehoved, der er skabt over 13.mio. jobs siden finanskrisen. Cola og pop..
29 Sep
Søndag d. 7. juli i år – 2015 - oplyste co-CEO parret Anshu Jain og Juergen Fitschen fra Deutsche Ba..
03 Oct
God fornøjelse med bogen, men det er nok de færreste der vil tjene på at læse den. Som daytrader spe..
01 Oct
Lad mig fortælle jer om forløbet:   Juli 2012 underskrev USA, Rusland, Syrien og flere andre Geneve ..
30 Sep
Det er måske også lidt vanvittigt at vi understøtter, at en velhavende del af befolkningen kan køre ..

Form 8.3 - Royal Dutch Shell Plc

02/10/2015 15:25:32

PayPoint plc : Holding(s) in Company

02/10/2015 13:55:36
For filings with the FCA include the annex   For filings with issuer..

Directorate change

02/10/2015 10:44:22
Intermediate Capital - Changes to composition of board committees 2 October 2015 Intermediate Capital Group plc announces changes to the composition of ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week

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.
04 October 2015 20:32:15
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150929.1 - EUROWEB2 - 2015-10-04 21:32:15 - 2015-10-04 20:32:15 - 1000 - Website: OKAY