Eighty-two percent of High Net Worth Individuals1 in Asia-Pacific (excl. Japan) expect most or all of their wealth management relationship to be conducted through digital channels in five years, in contrast to 61 percent of HNWIs in the rest of the world,
The hot jobs include Shariah head for Islamic finance, risk management manager, head of credit risk, business intelligence manager and management trainee.
A survey by Swiss private bank Julius Baer of high net worth parents in Asia found that 59 per cent of rich families here expect their children to get as high as a bachelor's degree, close to those in Hong Kong (67 per cent).
Those at the helm of Citigroup's local investment banking team are tipping a surge in outbound acquisitions by Australian companies in the medium term, despite local merger activity lagging frenetic global deal flow this year.
The technology, advice and education that support the Australian financial services sector have seen lots of change over the past 20 years. But the legislative framework and consumer awareness have struggled to keep up.
However, the report reveals that UHNW philanthropists are expanding their philanthropic approaches and activities, shifting from major giving towards self-sustaining projects and entrepreneurialism.
The Indian insurance sector has, of late, been witnessing a spate of mergers and acquisitions with many joint venture partners expressing their intent to look for new partners.