How to win and keep wealth clients in China’s Greater Bay Area? - Asian Private Banker
This is a sponsored article from Avaloq. Pascal Wengi, Managing Director, North Asia at Avaloq The Greater Bay Area (GBA) – comprising nine cities in Guangdong’s Pearl River Delta plus Hong Kong and Macau – is an initiative by the Chinese government to better integrate trade and market dynamism, drive economic development and establish the region as a global hub for business, technology, and industrial innovation. An economy as vibrant as the GBA’s is conducive to wealth creation. The amount of private investable wealth belonging to UHNW individuals in the region may more than double over the course of the next decade, presenting a substantial growth opportunity for banks and wealth managers. What GBA investors want Results from an Avaloq study conducted among affluent to UHNW individuals hailing from the GBA revealed that one of the most pertinent expectations that investors have of their advisers is a seamless digital experience – 28% of them even stated that they would drop an ...
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