Asia’s sustainable investment gaps urgently need to be closed, says Edmund Koh, head of UBS Wealth Management Asia Pacific
Significantly, half of that equity universe or 10,000 equities are listed on Asian exchanges, catering to the significant home bias of the region’s investors.
The conclusion was that private banks’ drive to boost recurrent revenues through advisory and discretionary mandates continues to be largely thwarted, due to the continuing preference of Asia’s wealthy clients for more control of their investm
Maybank sees the development of its wealth business as a multi-year initiative, and the business will be given time to build up so that it be well positioned to ride the upturns, given that we are in the late-stage of the business cycle.
Anthony Webster, a partner at Maples and Calder (Hong Kong), said it was important to have Scott at the events given the vast benefits for businesses in both jurisdictions that can occur from working together.
As part of its mission to reduce emissions, for example, it is investing in renewable energy companies, working towards a future where 100 per cent of its electricity will come from renewable sources by 2030.
Vontobel appointed Georg von Wattenwyl, who has headed its financial products, advisory & distribution unit for 11 years