Helping Asian Wealth Management Communities interact

What are the opportunities and challenges for the year ahead? - Patrick Donaldson

Patrick Donaldson of Refinitiv

Mar 20, 2019

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1. What opportunities and challenges do you see for the year ahead?

Video transcript

1. What opportunities and challenges do you see for the year ahead?

I think the biggest challenge is just the uncertainty that's going on in the world politically, economically, socially, and from the environment's point of view. You can't predict the future. Nobody ever can. But I think the level of uncertainty at the current time feels higher than we've been used to for quite a long time, and that represents a big challenge for anybody in the wealth management business. On the flip side, the opportunities really come from us being in Asia and the rate of growth of the wealth that individuals have. If we can help spenders become savers, and we can help savers become investors, then the wealth management industry got a tremendous opportunity to grow. The one big trend, it's not new, but the technology developments that are taking place represents a massive opportunity for wealth managers to really help investors deliver better returns.