TWM APAC WealthTech Landscape Report 2023

In The Wealth Mosaic APAC WealthTech Landscape report, Darell Miller, Managing Director - APAC at Wealth Dynamix, looks at the scope of change in Asia for wealth managers. Darell believes that an "AHA!" moment is coming for wealth management in APAC in 2023.

Share

We all know when we have an “AHA!” moment. That perfect time when everything comes together. We suddenly understand that complex problem we have been grappling with. The clouds part, and the way ahead is clear. One of those moments is coming for APAC wealth management in 2023. 

2022 was certainly a complex struggle for many in wealth management. Global bear markets, resurgent inflation, heightened geopolitical risks, the tail end of a pandemic, and a full-scale war in Europe have led to challenging conditions in 2023, to say the least. Many firms have been tested in the market, contributing to the 41% of affluent Asian clients who were expected to switch managers in 2022, according to Accenture

So why is 2023 an AHA moment for APAC? Let’s break it down:  

A = Advisory  
H = Hybrid  
A = Alternatives  

Each one of these is a substantial strategic shift in wealth management across APAC, with studies by Deloitte, Accenture and Standard Chartered this year have covered some or all of these themes. Firms that can harness all three aspects together are likely to see a clear blue sky. 

We examine each in brief and how combining all three can deliver transformational opportunities. 

Download the Wealth Dynamix extract now.

dOWNLOAD OUR resource
FOR FURTHER INSIGHTS

“The digitally-enabled relationship manager has the potential to service significantly higher numbers of clients and AUM. In Asia, it is not uncommon to see AUM growing between 20% – 40% year on year in wealth managers taking this approach.”

LATEST INSIGHTS

Wealth Dynamix now available on Temenos Exchange

1 February 2024

Wealth Dynamix now available on Temenos Exchange

Wealth Dynamix, a leading provider of Client Lifecycle Management solutions, today announced Wealth Dynamix is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.

3 min. read

Re-imagining prospecting in wealth management: a necessity in today’s dynamic market

17 January 2024

Re-imagining prospecting in wealth management: a necessity in today’s dynamic market

The traditional wealth management model is no longer sufficient for today's dynamic market. To thrive, firms must embrace prospecting by crafting a culture that prioritises client segmentation, prospect allocation, performance enhancement, junior banker empowerment, and personalised digital engagement.

3 min. read

Wealth Dynamix’s APAC MD highlights missions and challenges around Client Lifecycle Management

4 January 2024

Wealth Dynamix’s APAC MD highlights missions and challenges around Client Lifecycle Management

Hubbis recently hosted a virtual discussion focusing on the application and then implementation of the latest digital solutions in the world of Asian wealth management.

5 min. read

Sign up to our Newsletter

GET THE BROCHURE
Client Onboarding