Business Chief APAC+ANZ Magazine August 2020 | Page 34

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“ This is the decade where Shanghai , Sydney and Tokyo deepen their hold as large domestic market centres ”

— PwC an existing or prospective customer ’ s assets under management ( AuM ) or the data from the know-your-customer ( KYC ) process ,” states the report . “ At the same time , wealth managers want to understand their clients better , and are keen to get away from the one-sizefits-all approach and offering low-risk , vanilla products .” APAC investment management firms are aware of the need to harness data more effectively and those that are successful in this goal will be the ones to stand out from the crowd in coming years .
AUGUST 2020