Emerging Wealth Management Hot Spots Retail Banking Technology (Market Focus)

The mass affluent markets remain a growth opportunity for the banking sector as the liquid asset based of this customer group expands. Banks targeting this sector need to extend their offering beyond that of traditional retail banking in product bundling, customer service levels and customer understanding as well as develop a cost model that allows provision of this to lower wealth bands.



Report Highlights
The recent years were quite healthy for wealth managers; however growth for both: macroeconomic indicators and the growth of wealthy individuals is recently decelerating following two consecutive years of strong growth in 2003/4. The rebound in financial markets and growing customer demand for managed accounts provides a solid foundation for growth in the wealth management space. However, the favorable environment and long-term trends have resulted in a more competitive market. In terms of global wealth management, emerging markets principally China and India, but also Brazil, Russia, the Middle East remain central to the growth plans of many businesses.


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