Private Banker International (PBI) has announced the winners for its Greater China Awards 2016. The awards ceremony took place at The Grand Hyatt Hotel, Hong Kong on 2 June
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The Private Banker International Greater China Awards are regarded as the most credible in the industry.
The awards luncheon was attended by industry experts from the private banking and wealth management industry. Meghna Mukerjee, the editor of Private Banker International, opened the conference and she presented an overview of the wealth market across Greater China.
Amy Lo, Group Managing Director and Chief Executive of UBS Hong Kong, presented the keynote address. Lo gave a detailed outline of the opportunities and threats prevailing in the wealth management and private banking landscape and spoke about the regulatory environment as well as the competition arising from the FinTech space. She also reiterated the values of relationship-led private banking and the importance of embracing change to stay relevant and successful. She drew from her years of experience at UBS and gave the audience valuable insights around best practices amidst changing times.
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The awards presentation ceremony followed shortly after the presentations. Now in its eighth year, the PBI Greater China Awards mark an important extension of the Private Banker International Global Wealth Awards, which recognise excellence by banks and other wealth managers in various geographies.
Ruben Kempeneer, regional director of Timetric said: "Nominations this year continued to show enhanced sophistication in the service models and respective propositions of private banks with operations in Greater China. Not only have institutions recognised the cognitive changes occurring in these significant markets, they are clearly appreciative of the need for adaptive models to remain relevant to the needs of the clients and the transformative reform of the region.
"This year's winners exhibited a clear direction in their improved strategies, highlighting the need for close integration across markets and really honed in on their strengths as institutions. This proved successful in a challenging time for the industry when identifying your core proposition to clients is vital to remaining competitive."
China, Hong Kong and Taiwan represent an immense pool of high net worth assets and are at the centre of increasing efforts by banks and other participants, both foreign and domestic, to grow top-flight wealth management business.
