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
11 Jan
OMXC20
  Du skal vide, hvor meget det selskab, du vil investerer i, reelt er værd, før du investerer. Hvi..
49
13 Jan
ZEAL
Goodwrench, jeg har i lang tid ignoreret dine destruktive indlæg og havde håbet på, at alle øvrige s..
43
12 Jan
NOVO-B
  Jeg har tidligere (blandt andet i indlæg senest 29/10, 28/9 og 8/8 2016) analyseret Novo og offent..
43
13 Jan
VWS
Vestas er et andet bud på en kursspringer på den korte bane.   Årsregnskabet burde være triggeren de..
27
13 Jan
BAVA
Det har været diskuteret om udskydelsen af 3. kig og Fase 3 data vedr. Prostvac er positivt eller ne..
27
14 Jan
VWS
Jeg sidder lige her en stille lørdag formiddag, og tænker lidt over Vestas situation, og kursudvikli..
25
13 Jan
 
Efter laaaaaaaaaaaaaang tid på debatten har jeg gjort lidt status. Jeg har købt BAVA på gennemsnitli..
23
16 Jan
COLUM
Debatten her på EI handler om aktier og børsnoterede selskaber.   Da jeg regner med, at langt størst..
22
14 Jan
DSV
Normal 0 21 false false false DA X-NONE X-NONE ..
22
16 Jan
BO
Hvorfor køber du ikke en bannerreklame her på Euroinvestor, så vi andre ikke behøver at skulle sorte..
20

Form 8.3 - AXA INVESTMENT MANAGERS : London Stock Exchange Group PLC

17/01/2017 15:13:15
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Alliance Trust PLC : Net Asset Value(s)

17/01/2017 13:16:14
ALLIANCE TRUST PLC                                    At the close of business on Monday 16 January 2017: The Company's NAV per ordinary share..

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

17/01/2017 10:13:08
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
McPhy Energy : 2016 revenue
2
HSBC Bank Plc : Form 8.5 (EPT/RI) - London Stock Exchange Group Plc
3
Hingham Announces 21% Increase in Annual Earnings and 15.59% Return on Equity
4
Global EFI Customers Jumpstart their Business Opportunities in 2017 at Sold-out Connect Conference
5
Heartland BancCorp Earns $2.2 Million in 4Q16 and $8.0 Million in 2016; Increases Quarterly Cash Dividend by 10% to $0.4301 per Share

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   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.
 
18 January 2017 07:59:32
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170103.1 - EUROWEB3 - 2017-01-18 08:59:32 - 2017-01-18 07:59:32 - 1000 - Website: OKAY