Why are banks favouring wealth management over retail?
Following HSBC’s announcement in late February that it intends to wind up its retail banking operations in the US and France, Citibank has come out with a similar strategy in…
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Financial institutions change their tune on cryptocurrencies
The COVID-19 pandemic put a spotlight on all things digital, accelerating the long-awaited digital transformation…
Citi’s plan to strengthen its commitment to wealth amidst consumer banking exit will be a challenge
Citi is closing out its consumer banking operations in 13 markets, but has declared that it plans to “double down”…
ESG to drive cryptocurrency transformation
Cryptocurrencies, in particular bitcoin, have emerged as the investment phenomenon of the pandemic. However, they stand in stark contrast to…
Wells Fargo offshore exit offers substantial potential AuM
Wells Fargo announced early in January that it was exiting the offshore wealth management market to focus on US resident…
COVID-19: A multi-channel experience is paramount for retention
The wealth management industry is undergoing a noteworthy digital transformation, but it is a two-sided coin. As the COVID-19 pandemic…
Robo-advice for sophisticated investors: We are not quite there yet
Demand from investors for automated or robo investment services has been on the rise globally. But to fully infiltrate the HNW space, greater sophistication is needed. There is no question…
23 Dec 2020
UK HNW investors show the greatest demand for pension planning services
The Coronavirus Crash threw a spanner in the works for those who were planning to retire this year. As a result, pension planning services are heavily requested by UK investors…
UOB’s robo-advisor extends reach with Singtel deal
Despite the turmoil occurring in the world, expansion and competitive activity in the robo-advice space has continued. As the year closes, United Overseas Bank (UOB) has announced a robo-advice collaboration…
DBS’ goal to triple family office AuM is ambitious but achievable
DBS aims to triple its family office assets under management (AuM) by 2025. The goal is ambitious, but aided by strong wealth growth in the ultra-high-net-worth (UHNW) segment, the provider’s…
HNW investors are chasing yield in riskier corners of the fixed income universe
Strong equity market volatility and low yields mean HNW investors are exploring riskier corners of the fixed income universe. As the economy is not quite out of the woods yet,…
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