Our asset and wealth management team works with all the major asset and wealth managers across the value chain, from product and administration, through to distribution and advice.
Against a background of increasing regulation and continuing financial market volatility, investment managers are facing mounting competition from foreign rivals and new entrants.
The winners are likely to be companies that can sustain top-tier service through targeted customer segmentation, while curbing distribution and service costs. As access to market becomes increasingly critical and customers demand ever more personalised products and services, investment managers will also need to concentrate on fewer — and more effective — distributor relationships.
These challenges are being compounded by the cost and complexity of meeting new sales, reporting and prudential directives. On the plus side, effective compliance could strengthen stakeholder confidence and sharpen competitive differentiation in an increasingly crowded market place.
On 10 September 2018, the Monetary Authority of Singapore announced that the VCC Act was tabled in Singapore Parliament. This highly anticipated announcement comes after the close of the public consultation of the same legislation in April 2017. How will this new innovation elevate Singapore's position in becoming a globally competitive fund domicile?
Driving your business forward with confidence
PwC’s Venture Hub adopts a one-stop shop approach to providing solutions, services and collaborating with motivated entrepreneurs, venture capitalists, incubators and accelerators within the venture ecosystem to help them expand into their key markets.
Asia Pacific Asset and Wealth Management Leader, PwC Singapore
Tel: +65 6236 3708