South Korea has a large and vibrant wealth management sector, but it has yet to reach its full potential. Michael Imeson speaks to industry experts to assess how the country and its domestic financial institutions can bridge the gap between them and their Asia-Pacific peers.
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Enormous progress is being made in the field of artificial intelligence, and the practical implications of this new technology are being felt in many areas of finance, but especially in wealth management. Can the distinctively traditional, highly personal private banks keep up with the robots? Silvia Pavoni investigates.
Swiss giant UBS tops The Banker's Top 50 Private Banking Brands ranking, with an increase of nearly one-third in its brand valuation in the past year giving it a clear lead over its nearest rival, Deutsche Bank.
Private banking and wealth management can be hugely lucrative, bringing in fees and boosting profits in a way that other areas of banking struggle to match. However, increased regulatory pressures and the emergence of newer, cheaper online competitors are shifting the landscape of the market. Jane Monahan examines an industry at a crossroads.
As the wealth of Asia-Pacific's high-net-worth individuals continues to swell, so too does the size and reputation of the region's private banking industry. This is leading to speculation about whether its two main hubs – Singapore and Hong Kong – may be growing to such status that one day they will replace Switzerland as the global private banking capital.
As the world’s population ages, the challenges for wealth managers, economists and governments are significant if countries are to maintain productivity and generate growth.
As private banking comes into a new age and begins to show the maturity of a true industry, The Banker and sister publication PWM recognise the players that are emerging as industry leaders in the annual Private Banking Awards.
Investment banks have experienced huge changes since the global financial crisis and are still struggling to adapt their business models. But while the industry might have to make do with much lower returns in future, it is far from being on its knees.
With a global aggregate income of $12,500bn, and spending power beyond that, women represent one of the world’s largest banking markets. Yet most banks still seem unwilling or unable to service the unique needs of their female customers.
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