Pictet Wealth Management Asia and Citibank Singapore on the Changing Nature of Wealth in Asia

The video discusses the evolution of wealth management in Asia, highlighting shifts from relationship-based to competency-based banking, trading to portfolio management, and secrecy to confidentiality. It explores demographic, digital, and data shifts in consumer banking, emphasizing the importance of digital integration and data personalization. Opportunities in wealth management include compliance, family offices, and the next generation's needs. Challenges for wealth managers include regulatory changes and the need for skills like nimbleness and trust-building. The video also touches on crypto assets and evolving pricing models.

What role does data play in the future of wealth management?

What are the potential opportunities for wealth managers in the current market?

How is the concept of trust evolving in the wealth management sector?

What challenges do wealth managers face today compared to 20-30 years ago?