How has the wealth management industry evolved in the Asia-Pacific region over the past few years?
Singapore and Hong Kong have long been mature financial hubs for offshore wealth, while India has recently emerged as a vibrant market driven by economic expansion, wealth creation, and the stellar performance of its capital markets.
Despite capital movement restrictions, India's expanding product universe now offers investors more choices, and this trend will continue. With a supportive regulatory framework, India is increasingly recognised as a dynamic market with considerable growth potential. Although it remains predominantly an onshore market, its growth prospects make it one of the most competitive in the region.
How have costs and the regulatory landscape changed for the wealth management industry, and to what extent has this impacted margins?
This story is from the September 09, 2024 edition of Business Standard.
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This story is from the September 09, 2024 edition of Business Standard.
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