Best Private Bank Alternative Advisory
Morgan Stanley Private Wealth Management Asia
Best Private Bank – Alternative Advisory
Christina Au-Yeung
co-head of Investment Management Services
Marked by multi-polar responses to the COVID-19 pandemic, inflation and monetary policy, 2022 was one of the most challenging years for investors of this generation. This environment directed investor attentions to risk-adjusted return objectives and opportunities for alpha return streams.
Morgan Stanley Private Wealth Management Asia was proud to deliver a rich suite of alternative investment solutions to its UHNW clients, offering institutional-level access to in-house private market capabilities as well as first-class alternative investment manager partners, globally and locally.
Our advisory effort aims to traverse the fantastic industry developments that are enabling access to alternative investment opportunities, with a healthy risk-conscious mindset and an emphasis on product education and appropriate positioning.
We continue to invest in the alternatives advisory platform to provide UHNW clients with excellent alternative investment resources that meet their long-term wealth objectives.
What was behind the judges’ decision?
- The penetration rate of alternative investment products into Morgan Stanley Private Wealth Management Asia remains one of the highest the judging panel has seen across the region’s private banks. This, we believe, reflects the differentiated nature of the bank’s alternative proposition, as well as its success in engaging with its sophisticated and entrepreneurial clientele in terms of how these products should be positioned in portfolios
- Against a backdrop where most major wealth players in Asia-Pacific are seeking to expand their alternative product shelf, Morgan Stanley Private Wealth Management Asia stands out in terms of its differentiated offering. The bank has built a suite of solutions that is almost perfectly matched for the current macro backdrop — including asset-backed income with inflation hedging, market neutral and relative value hedge funds, and structurally disruptive themes in private equity
- In 2022, Morgan Stanley Private Wealth Management Asia added substantial resources to its on-the-ground product due diligence team, strengthening it to four individuals, so as to ensure the robustness, independence and efficiency of the way in which the bank scrutinises and on-boards alternative products. The lender has equally beefed up its product specialist team across Hong Kong and Singapore to better help clients navigate fund choices
- The bank demonstrated its strong capacity to innovate on the funds side as well, despite tough market conditions. Its Advisory Portfolio Management service, which launched in 2022, provides customised fund solutions to clients around certain themes. The bank’s new omnibus account service has simplified the trading of hedge funds on the platform
What we said
Against a backdrop of macro-economic uncertainty and tumbling equity and bond markets, it has come as no surprise that major private banks in Asia-Pacific have sought to build out their suite of less correlated, alternative solutions. Few, however, have gone about the process in such as focused and diligent manner as Morgan Stanley Private Wealth Management Asia, said Daniel Shane, editor of Asian Private Banker.
Across semi-liquids, private equity and hedge funds, the bank has focused on onboarding and offering to its discerning and sophisticated client base the most differentiated alternative offerings. Looking at the impressive rates of penetration and inflows seen into this business in 2022, that strategy has clearly worked. Asian Private Banker is proud to award Morgan Stanley Private Wealth Management Asia the accolade of Best Private Bank – Alternative Advisory at the 12th Awards for Distinction.
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