Published December 11, 2012
Gen-Y HNWIs tech savvy and information hungry
Technology savvy HNWIs with over four million in wealth exhibit Gen-Y characteristics and are at the forefront of high-engagement online communities.
Date: Dec 11, 2012
Author: Levina Lim
Categories: Channels, Retail Banking, Technology & Operations, Wealth Management
Keywords: Private Banking, HNWI, Gen Y, Renato de Guzman, Bank of Singapore, SEI
Private banking in Asia is known as a developing, high potential market with relatively strong revenue inflows. In recent years, revenue margins have dipped due to a reduction of client trading activity and a shift to low-risk strategies, as well as attempts to offer more customized strategies to meet clients’ diverse needs. The segment of cautious and more conservative investors, characteristic…