Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 9 pages
Data source: Published sources
Share a link:
https://casecent.re/p/19582
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Abstract
Following the 1997 crisis, the economies of the Asian countries started picking up. With the revival of technology and the financial sectors, people made huge profits through the IPOs (initial public offerings) of technology companies or in successful careers as investment bankers. The rise of new millionaires in Asia has thrown open many opportunities for the wealth managers. More and more private bankers from western countries are trying to capture a share of the emerging markets. Though Asia looks an attractive destination, there are many challenges that lie ahead, warn analysts. This case study helps the reader to understand the scope of private banking in Asia. It also offers scope for discussion on the opportunities and challenges that lie ahead for private bankers.
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Abstract
Following the 1997 crisis, the economies of the Asian countries started picking up. With the revival of technology and the financial sectors, people made huge profits through the IPOs (initial public offerings) of technology companies or in successful careers as investment bankers. The rise of new millionaires in Asia has thrown open many opportunities for the wealth managers. More and more private bankers from western countries are trying to capture a share of the emerging markets. Though Asia looks an attractive destination, there are many challenges that lie ahead, warn analysts. This case study helps the reader to understand the scope of private banking in Asia. It also offers scope for discussion on the opportunities and challenges that lie ahead for private bankers.