While Asia’s tier-one private banks celebrate double-digit surges in wealth management fee income, the region’s external asset managers (EAMs) are facing a brutal reality check. Caught between rising operational and talent costs in premium hubs like Singapore and client demands for fee concessions, independent players are finding their profit margins squeezed. To survive, many are taking the fight directly to … Continue reading Rising costs, falling fees — Is Asia’s EAM model under pressure?