The Asia Pacific region is home to 40% of the world’s billionaires and 30% of its Ultra High Net Worth Individuals. In our new report – Successful Private Banking Business Models – we compare the critical success factors for private banks in Switzerland and Hong Kong. One market is dominated by well-established, multi-generational wealth. The other has a significant proportion of self-made entrepreneurs – who often take the same entrepreneurial approach to their personal wealth. What can each market learn from the other?
In this brief video we look at investment preferences among private banking clients in Hong Kong. Far fewer clients opt for discretionary mandates than in more well-established markets, such as Switzerland. Can the portfolio-based approach be a way forward?
Contact Antoinette Hoon now
Partner, PwC Hong Kong
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