GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
Growth in Emerging Markets is Almost Twice the Rate of Developed Markets
 
Dubai, United Arab Emirates - May 26, 2019:  Oliver Wyman and Deutsche Bank today released their fourth annual Wealth Management report titled “Out of the pit stop - into the fast lane.” In 2018, Wealth Managers faced growing headwinds. 
 
The report finds that global high-net worth (HNW) wealth growth slowed to 4 percent in 2018. Lower assets under management (AuM) growth, more challenging markets and continued fee compression led to declining Wealth Management business valuations. The revenue pressure felt by Wealth Managers in late 2018 highlights the continued vulnerability of operating models to market stress. The rebound in early 2019 brought short-term relief for some, but further pressure is inevitable as the end of the cycle approaches. 
 
Mathieu Vasseux, Partner and Head of Financial Services (MEA) at Oliver Wyman, said: “To realize above average growth, serving developed markets will not be sufficient. Emerging Markets including the Middle East and Africa, are the engine for growth going forward as the industry continues to face fee margin and cost pressures in developed markets.” 
 
The report highlights the following priorities for the C-suite:
 
• Rethink footprint in Emerging Markets – More than half of HNW wealth growth will originate in Emerging Markets vs one third of stock today. Wealth Managers need to rethink their positioning in these markets especially Asia-Pacific and Latin America.   
 
• Simplify the operating model -- The Q1 2019 market rebound has given Wealth Managers a last chance to improve efficiency of their operating model and adjust their cost base before an eventual downturn.
 
 
o To increase efficiency in the front office, Wealth Managers must free up advisor capacity for revenue generating activities by automating and digitizing processes, particularly in client onboarding, KYC/AML, and lending. Embedding different service levels and greater automation in the investment engine is still a largely underutilized lever. Wealth Managers need to align their offering with client needs in an industrialized, mass personalized offering. 
 
o Allocated costs remain stubbornly high and should be tackled by lowering group services consumption. Wealth Managers need to focus on understanding and steering cost allocations as well as establishing a culture of cost ownership to get into the driver's seat for allocated costs.



Posted by : GoDubai Editorial Team
Viewed 4959 times
Posted on : Sunday, May 26, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : UAE Exchange's Emiratisation Initiative Lauded by Ministry of Human Resources and Emiratisation
Next Story : Mali Prime Minister hails Khalifa Fund's support model for entrepreneurs and SMEs
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
From the Big Screen to Real Life: Tag Heuer Unveils New Monaco Limited Edition ...
Ferragramo Cuir
Heritage Corum Lab 01 Collection
3 Essential Styles You Can't Go Without This Summer'
SPORT TECH 40 MM'
'Rado Captain Cook Automatic Limited Edition with Travel Case'
Schneider Electric Improves Flexibility & Energy Savings with Extended Line of P...
A year on the road: Saudi Women Create First Women's Car Club in the Kingdom
Restoration by Parmigiani Fleurier
Ralph Lauren Presented with an Honorary UK Knighthood
Hamilton present Ventura collection
DarkMatter Group Calls for Improved Vigilance as UAE's Cyber-threat Landscape Re...
Forcepoint X-Labs Reveals How Cognitive Bias Leads to Reasoning Errors in Cybers...
58 Days of Summer Fun Begin at Modhesh World on Friday
Extensive range of exclusive M Performance Parts further enhance the BMW M8 Coup...
Introducing the MK Beach Club Pieces
Absolute New York – Makeup for the Unique and Modern
Eberhard & Co. Alfa Romeo Limited Edition'
La Grande Vie by Corum
M Performance Parts for the all-new BMW X3 M and BMW X4 M
Add a touch of gold to your skincare regimen for glowing results
Ford Edge Rolls into UAE Showrooms with ST Performance Credentials and Segment-F...
Reduce Your Wrinkles Night After Night!
Innovation for a Better Planet
The Hottest Summer Beauty Picks of 2019
Tonda 1950 Skeleton''
Luminous Locks Product Round Up
Starbucks carves out giant sand sculpture at La Mer
Corum Golden Bridges
Crushing on cushion at PAN Emirates
Corum pushes creative boundaries once again with the AC-One 45 Openwork Automati...
Emirates Mars Mission Science Week to commence in July
Top 5 Technology Gift Ideas for Father's Day
The Sportswear Edit
An Environmentally Friendly Approach to Interior Design with Home and Soul Dubai
Sharjah Chamber Concludes its Participation in the World Chamber Congress in Brazil
Nissan shares vision for future mobility at CES Asia 2019
An Essential Part of the Iconic Uniform
The Ralph Lauren Purple Label Spring 2020 Collection
Bedroom Decoration and Mattress Myths Debunked by IKEA
Dubai Maritime Cluster Office and the Irish Maritime Development Office Boost Ma...
Marks & Spencer - Mellow Yellow
Dubai Festival City Mall Gears Up for a Fantastic Summer Full of Surprises
Tonal Accesories
National Geographic Announces 2019-20 Upfront Slate, Pushing Programming Boundar...
Minuetto
Empower renews commitment towards community members through blood donation initiative
2019 Limited Edition of Flying Grand Regulator Skeleton
Dabur launches two healthcare innovations rooted in Ayurveda
Protect Your Hair From the Negative Effects of Summer Heat