Albert Chiu, executive chairman of Asia, EFG Bank shares his views with Asian Private Banker in the ‘Final Word’, a ten-part series where the industry’s leaders share their thoughts and opinions on key issues around industry trends, business performance, investment solutions, regulations and compliance, and technology.
Business Performance | In the midst of what has been construed as an increasingly difficult macroeconomic environment, how do you think the private banking and asset management industry will perform in 2019? Will it be a year to separate the wheat from the chaff?
Disruption will continue — market volatility, trade wars, regulatory recalibration, and new technology requirements will continue to disrupt the private banking industry in 2019. Private banks will have to continue to transform to boost recurrent revenues, increasing discretionary management or advisory mandates, and to add further value to their clients with sound wealth planning solutions and structured products. We must conscientiously remind ourselves to take stock of the transformational change agenda to ensure clients’ needs are continuously met. At EFG, with our client-centric entrepreneurial approach, our experienced client relationship officers are always moving in step with our clients to meet their financial needs in a swift and straightforward manner.
Meet 2018’s industry leaders in the full round up of of Asian Private Banker‘s the Final Word 2018.