The private wealth management industry continues to face challenges from more sophisticated business, operational and regulatory requirements, such as financial crime, onboarding complexity, digitalisation, system resilience, regulatory compliance, and the need for operational transformation. To succeed, private banks would need to adapt their business models, products, services, infrastructure, and delivery channels to meet regulatory demands and customer needs.
As the largest professional services firm in mainland China and Hong Kong, PwC’s strategy is to leverage our extensive industry knowledge and global, multi-disciplinary teams to deliver tailored solutions based on specific territory insights and business expertise.