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Middle East Wealth Management Forum 2020 - Highlights - Prashant Tandon

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

Video transcript

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

The wealth management industry is very ripe for transformation right now. We see opportunities at Lighthouse Canton in the fact that there'll be consolidation in the industry. A lot of smaller family offices might not be able to sustain or might look to scale up, which is where we are very cognisant of inorganic growth, actively looking at expanding westwards into Switzerland and maybe the UK. Obviously, there are challenges ahead, the biggest challenge being regulatory framework. The regulators are increasingly scrutinising this industry very, very carefully and closely, simply because of conduct issues. We've had, unfortunately, some instances in the past in the region as well as in Asia, where regulators have become extremely concerned about the state of the industry.

 

 
 
 
 

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