Malaysian Wealth Management Forum 2019 - Highlights - Carolyn Leng

Carolyn Leng of Maybank

Jul 8, 2019

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1. What are the challenges and opportunities for this industry?

Video transcript

1. What are the challenges and opportunities for this industry?

The opportunities are huge. There are a lot of self-created, high-net worth individuals. On the SME side, the small and medium - sized enterprises are growing in big ways. On the business banking side, I have seen an increase in loan growth; a lot of businesses are gaining traction. The footprint of a lot of banks in the Asia Pacific locality, or more specifically in the ASEAN region, has played an important role in helping a lot of the SMEs gain entrance into other markets, especially in regard to the opportunities that have been created by the wave of mergers and acquisitions. This gives rise to the next wave of the high-net worth individuals who are looking for wealth advisors to help them to prepare their estates for the next generation.

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