Navigating to tomorrow: serving clients and creating value
Established in 1993, the PwC Global Private Banking and Wealth Management Survey has unparalleled history and is widely regarded as one of the most insightful and respected thought leadership publications in the Private Banking and Wealth Management industry.
This year's 20th Anniversary issue of PwC's Global Private Banking and Wealth Management Survey gathered insights and perspectives on critical aspects of the challenges confronting participants across all segments of global wealth management. The report surveyed 200 institutions from more than 50 countries with 24% of the respondents coming from the Asia Pacific region.
The findings found that the worst seems to be over for Asia's wealth management industry as the sector matures and starts to move away from simply offering products to delivering solutions and advice to clients.
Despite the resurgence of global wealth to around pre-2008 levels, the region’s wealth management industry is facing significant margin pressure caused by increasingly stringent and costly regulatory requirements, uneven growth across geographic markets, loss of certain fees and subdued client activity. These dynamics are further compounded by shifting demographics and existing challenges around operations, technology and talent management.