The Opportunities in Wealth Management in APAC- Part 1
Authored by: Andrew King, Head of Synechron Hong Kong and
Maanas Varun, Managing Consultant, Singapore
The wealth management industry is constantly evolving and changing. The APAC sector is no exception and is undergoing changes that are admittedly fast and furious. As we look ahead, we see numerous opportunities, as well as challenges. Here’s what we are predicting for the growth of the APAC wealth management market:
- APAC’s assets under management are set to grow faster than any other region globally. We expect it to rise from US$15.1 trillion in 2017 to US$29.6 trillion in 20251
- Niche players will enter the wealth management market and provide more personalized services and be more digital-centric, not just in Singapore and Hong Kong but also in Shanghai
- This century is paving the way for Asia to step up and dominate
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