It has been exciting collaborating with Asia-Pacific WealthTechs Endowus, GROW with Singlife, ADDX, Quantifeed, Moonfare, Alta Exchange and StashAway who are contributing to the rapidly evolving wealth management landscape. In this article with my colleagues Anutosh Banerjee, Sarina Deuble, Bernhard Kotanko, and Joydeep Sengupta, we unpack the main archetypes within the WealthTech landscape, identify challenges facing this dynamic industry, and outline key strategies that could help the region unlock its massive potential. Read more https://lnkd.in/gdRK9VNb #McKinsey #SoutheastAsia #WealthTech #AsiaPacific
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McKinsey Asset Management CEO Summit#Asia Breakout#Asia rising: Pioneering new frontiers in asset management It was a privilege to lead our Asia breakout together with my colleagues Fumiaki Katsuki,Vidushi Sathoo,@Ben Ma. Exciting conversations with the leading Global Asset Managers on business model choices for Singapore as the leading offshore wealth and asset management hub.
Thanks to all our guest speakers and the 70+ CXO attendees who joined us in London this week for our 27th Asset Management CEO summit. We hosted a panel on the industry dynamics in 2024 and debated the strategic imperatives for success. Some takeaways from this gathering of industry leaders: -With a second year of declining profit margins and increasing costs, the industry’s economics remain challenged, despite recovering AuM and net flows -Although some trends persist, new dynamics have formed and the macroeconomic environment has shifted significantly - There are fundamental shifts disrupting the asset management industry and strategic imperatives for succeeding in this transition #AssetManagement #CEO #Mckinsey #Profitmargins #Trends #summit
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#McKinsey#Future of Wealth Management# Banks and Insurers#Asia Pacific#Money Talk Had the pleasure of sharing my perspectives on wealth management industry evolution with Carolyn Wright#In your money today. Wealth Management has emerged as the core growth agenda for Banks and Insurers to drive sustainable fee-based income and customer engagement. What the future holds for this fast-growing industry? What does it take to win in the wealth management? https://lnkd.in/g_D9-Gj9
Podcast One: Money Talk - Your Money
podcast.rthk.hk
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#McKinsey #Asianbankingandfinance #WealthManagement #Insurers #WealthTechs #Asiapacific It was a pleasure to speak to Asian Banking & Finance and share my perspectives on the rapidly evolving wealth management landscape in APAC. This region is poised to be the fastest-growing wealth management market globally, with about 50 percent of global personal financial assets driven by this region alone, amounting to approximately $81 trillion. But only ~20 percent of PFA is served through professional wealth management services, meaning there is the potential for wealth management penetration to increase by a huge 4-5 percent. What then do these new, discerning customers demand? Who else is defining their right to win in this space? Where are the emerging success stories? Watch the video here:
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Against a backdrop of exponential financial growth, Vietnam today has the enviable opportunity to amplify the impact of its wealth management sector. Rich prospects lie in two rapidly emerging customer segments: High Net Worth Individuals (HNWI) and the Affluent. We have identified key building blocks that can help banks build, scale-up, and differentiate their wealth management businesses to capture these customer segments. Insurers have room in this market too, and distinct strategies are presented that could help these players excel. Read more at https://lnkd.in/gif_EHWA #McKinsey #Vietnam #WealthManagement #Southeast Asia
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McKinsey #wealthmanagement #analytics #productivity RMs typically spend 60-70% of time on non-advisory activities. Analytics led transformation can unlock RM productivity with enhanced customer engagement.
Analytics transformation in wealth management
mckinsey.com
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McKinsey# Wealth and Asset Management# North America
North American asset management: A year of shocks but few surprises
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McKinsey Global Banking Annual Review 2020@Wealth Management
Wealth management will remain an attractive business for global banks, due to its capital efficiency and growth profile relative to other opportunities, according to the McKinsey Global Banking Annual Review 2020 titled A test of resilience: Banking through the crisis, and beyond.
Banks’ WM revenue growth to be driven by market performance in next four years: McKinsey - Asian Private Banker
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#McKinsey#Private Banking#Advanced Analytics
McKinsey & Company has made the case that AI and machine learning need to evolve from the current largely siloed practice into an integrated, full-stack approach, capable of capturing all the opportunities that AI can afford.
Full-stack AI transformation will soon become a “hygiene factor” for PBs: McKinsey - Asian Private Banker
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#Increasing adoption of digital wealth platforms