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.
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 of first and second generation Asian High Net Worth Individuals (consisting of the majority of Asian HNWIs) conventionally seek a stable portfolio and non-complex products. Following the 2008…
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, Retail Banking
, Technology & Operations
, Wealth Management
Keywords: Private Banking
, Gen Y
, Renato de Guzman
, Bank of Singapore