Volatility in the markets is rarely a good thing, save for those skilled enough to play that hand. It is, however, likely to persist given the capricious nature of Covid-19, and expected to linger post-pandemic, too.
One thing for certain, however, is its power to transform industries, hastened by the wave of digitalisation sweeping through the globe with unprecedented urgency. And in the world of private banking, this represents a timely opportunity.
Traditional models are being challenged, calling for agility and adaptability to ensure the continued viability of time-honoured institutions.
“In many ways, Covid-19 has sped up digital transformation within wealth management,” notes Pamela Hsu Phua, chief executive officer Asia of VP Bank, “and we are convinced that conventional approaches to wealth management need to be revamped.”
According to the…
