Glossary

Wealth Management Terms

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Wealth Management and WealthTech is a constantly changing landscape. It can be hard to keep up. Our handy glossary has been designed to help you get to grips with some of the words and terms you might come across – with short, straight-forward definitions. We hope you find it useful.

Back Office

What is a back office in wealth management? The back office relates to the section of a wealth management firm or private bank is made up of non-client facing employees such as administration and support personnel. Often, back-office functions include settlements, clearances, record maintenance and accounting. Typically, wealth management firms refer to the teams responsible for supporting client management as front office, middle office. and back office

Banking Act

What is the Banking Act? The Banking Act refers to legislation in Singapore that governs banking business and related activities.

Big Data

What is big data? Big data refers to large sets of data that can be analysed computationally to reveal patterns, trends, and associations, often used to enhance risk assessment and customer profiling in financial services.

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Mark Perkins

Chief Technology Officer

As Chief Technology Officer at Wealth Dynamix, Mark is responsible for the company’s technology strategy and the teams that deliver it, from architecture through to execution. With over 16 years’ experience in financial services technology, Mark has led complex transformation programmes across capital markets, with particular depth in cloud transformation, SaaS and trading and risk platforms.

Prior to joining Wealth Dynamix in 2026, Mark ran the financial services SaaS solutions business at DXC Technology, partnering with leading software providers across capital markets, fund administration and open banking to build and operate SaaS platforms. Earlier in his career, while living in Australia, he helped to significantly grow the technical consulting team at Luxoft, delivering numerous cloud and risk platform modernisation initiatives, before running market risk technology for ANZ Bank. Mark brings this breadth of platform and transformation experience to Wealth Dynamix’s technology strategy and clients.

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