On March 4, Hubbis hosted a panel of experts for a discussion on the future of the independent wealth management sector in Asia. The independent sector in the region remains considerably less well-established than, for example, in Europe or the US, with an estimated 30% of assets managed by boutique firms in Switzerland against estimates of well less than 10% in Asia, and probably nearer 5%. But that represents a great opportunity, and Asia is certainly working hard to catch up with Europe. There is growing diversity in the market, more top-flight bankers have been leaving the relative security of the brand-name private banks to venture out on their own or to join established independents, lured by the prospect of greater personal working freedom, a greater ability to manage their clients’ assets in a totally objective manner with open architecture, and unencumbered by expectations or pressures of the banks. Some 10 to 15 years ago, when the creation of many of the earlier independ
Malaysia
Australia
Dubai
Dubayy
United-arab-emirates
Shanghai
China
Hong-kong
Singapore
Zurich
Zusz
Switzerland