SINGAPORE – Singapore is a leading Asian financial center with assets under management (AUM) of more than 10% $5.5 trillion. Within this framework, asset management has experienced tremendous growth, especially over the past four years, with assets under management expected to reach $265 billion by 2024.
But the sector is facing seismic changes that will require private bankers to significantly up their game.
They will need to be better educated, better informed and more agile to meet the challenges, said Mr Tee Fong Seng, veteran banker and former CEO for Asia at Swiss private banking group Pictet Wealth Management.
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